Subject: Denial of Request for Time Extension — Purchase of Home [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to address your recent request for a time extension regarding the purchase of your new home. We understand the importance of balancing the various aspects of purchasing a home, and we appreciate your interest in our properties here in New York. Unfortunately, after careful consideration and evaluation, we are unable to grant your request for a time extension. It is not our intention to hinder or delay your home-buying process, but certain factors have led us to make this decision. We value transparency and want to provide you with a detailed explanation. Firstly, we have experienced a surge in demand for properties across New York, resulting in multiple interested buyers and a highly competitive market. As a result, adhering to specific timelines is crucial to ensure fairness among all prospective buyers. By doing so, we maintain equal opportunities for all parties involved. Secondly, in order to offer the best service to our customers and maintain the integrity of our operations, we have set firm timelines that allow us to fulfill our obligations within determined periods. Granting extensions beyond the agreed-upon timeframe would create logistical challenges, potentially affecting our other clients and their respective transactions. Lastly, financial considerations play a significant role in our decision-making process. The dynamic nature of the real estate market demands a balance in the allocation of resources to ensure the smooth functioning of our operations. Granting time extensions beyond what is reasonable may have financial implications that could hinder our ability to provide affordable housing opportunities to a wider customer base. We apologize for any inconvenience this may cause you. However, we urge you to explore alternative options to expedite your home purchase process, such as seeking assistance from financial institutions, real estate professionals, or exploring other available properties that may better align with your desired timeline. Your interest in our properties is greatly appreciated, and we are more than willing to assist you in your future real estate endeavors. Should you require any further information or have any questions, please do not hesitate to contact us. Wishing you success in finding your ideal home in the vibrant city of New York! Yours sincerely, [Your Name]