A flexible closing date means a quick close. Quite often, real estate transactions occur during the busy season and buyers need to sign on the dotted line quickly. A flexible closing date takes into consideration the needs of both buyer and seller, allowing their schedules to mesh more easily.

A flexible closing date is advantageous for any prospective home seller. One of the benefits of offering a flexible closing date is an increased number of offers. If a seller were to accept an offer with a 6-month close, this would be considered unusual and could lead to other parties considering taking advantage of the seller's flexibility by cutting the deal without an agreement on financing. On the other hand, a flexible closing date gives buyers the ability to look elsewhere while they try to close their offer in order to secure their financing. However, if you're a buyer who plans to offer less than 3 months, you should make no effort at all due to most lenders' requirements under which they will close within its demand servicing area

Offers with an early closing date put more pressure on the seller. I would recommend using an early closing date if you are a cash buyer and there are multiple offers because it can strengthen your offer. There are times when an early closing date can cause a deal to fall through so you will definitely want to communicate this detail with your agent in writing. They will want to get any contingencies written into the contract.

As you can see, there are many advantages to having a flexible closing date. It can help you address issues that arise during a home inspection, and it improves your chances that nothing will come up during closing. Be sure to inform the seller that your offer is flexible. When a seller has more than one offer on their property at any given time, then a flexible closing date on a competing offer is Likely to strengthen it. If you have flexibility in your purchase and are able to close on a date that works for both parties, then this should ideally be disclosed in the offer.