- September 24, 2013
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The current lending environment is busy. The existing lending environment is very favourable for both purchaser and seller, and consequently the systems are overloaded and the process can actually take longer than expected. Knowing this will allow you to structure your timelines so that your conditions within the agreement of purchase and sale are being met within those timelines. That is important because every time you ask for an extension, the possible answers are unknown, which puts you in a possibly unfavourable position that could have been avoided by understanding the timelines.