If the buyer does not deliver verification of funds by the agreed deadline, what action may the seller take?

In real estate transactions, timely verification of funds is crucial for ensuring that the buyer is financially capable of completing the purchase. If the buyer fails to deliver verification of funds by the agreed deadline, the seller has the right to protect their interests. Terminating the offer is appropriate because it allows the seller to move on from a prospective buyer who has not fulfilled their obligation.

By terminating the offer, the seller can explore other potential buyers who can provide the necessary verification of funds, thus minimizing any potential delays or complications in the sale of their property. This option serves to safeguard the seller's position, as it is critical to confirm that the buyer is capable of completing the transaction as agreed.

While extending the deadline could be seen as giving the buyer a second chance, it is not always the best course of action, as it could lead to further uncertainty or delays. Filing a complaint may be a possibility in some situations, but it is generally more appropriate when there has been misconduct or violation of terms, rather than simply a delay in providing documentation. Proceeding with the transaction without verification jeopardizes the seller's interests and may lead to financial loss should the buyer be unable to fulfill their payment obligations. Therefore, terminating the offer is the most prudent action the seller