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Blog entries tagged with "closing":
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Wow - we all get them - the difficult home seller and the house that "needs work". And by difficult, I don't mean high maintenance or opinionated I mean - "Pre-foreclosure, mid-way through an acrimonious divorce with assets being hidden, sons who are drug dealers and in and out of jail … (0 comments)
We are pleased to announce the sale of Wailea Ekolu 1603. This beautiful two-bedroom condominium has been thoroughly renovated. Once again the LEADING EDGE REAL ESTATE MARKETING SYSTEM succeeds in a difficult market.
I own a vacant house in the boondocks that went under contract to sell eight weeks ago. We were supposed to close Tuesday. 
I am so pleased to report that we just closed on a short sale. Was it "easy"? No, of course not! But it got done. In this instance, the seller's attorney was speaking with the seller's bank. They got a NO at first, and the bank wanted $55,000 more than the … (4 comments)
As many of you know who read my blog on a regular basis, my mother is staying with me while her new house is being built. My mother at age 76 is a very conservative person as many people her age are. She doesn't want a cell phone, she has no use … (8 comments)
In a recent column, a seller wrote in that his agent had a buyer for his house at the full asking price. The only quirk in the deal? The sellers had to write up the full price offer. The seller wanted to know if I had heard of this practice and … (0 comments)
I recently posted BUYERS GET OFF THE FENCE, IT'S A PERFECT TIME TO BUY explaning what to expect when purchasing a home, including the search for the right home. This is PART II to help explain the escrow process once your offer has been accepted and it goes into escrow (California uses escrows companies … (13 comments)
Believe it or not, the photos in this post are of a house I recently sold. We just closed last week. You should know that these sellers are experienced at buying and repairing houses that need a lot of work. But this house brings new meaning to needing a lot … (11 comments)
Representation by a Lawyer in a New Jersey Real Estate Closing
A few weeks ago, I came across an Active Rain post from a very nice Realtor named Debra Brooks from Huntsville, TX who was very upset with the lender on a purchase transaction. Yes, it was another one of those infamous 11th hour loans blowing up again as I mentioned in … (0 comments)
I don't know how often I hear from agents that after making an offer, they got back an addendum from the REO Asset manager. NO, it is a counter offer. Anytime, the terms are changed, before the parties are in contract, we should be calling this a counter offer. The problem … (1 comments)
For the 2nd time in less than a month, I'm scrambling to make sure a house that needs de-staging gets done by the end of a week.
I mentioned a month or so ago that it sure is nice when a listing client listens to pricing recommendations. The transaction I was speaking of closed just a few hours ago, so I can now say it out loud: Within 5 days, we got a full price cash offer.
I heard this week that a warranty company that I have been pushing for two years is not accepting new clients. Wow!!! I am shocked that this has happened and wonder what the plan is for the future of warranty companies in my great state of OKLAHOMA. Has anyone had else had … (3 comments)
In a previous post I commented upon agents attending the closing. If we represent clients from start to finish shouldn't we be there with them when they sign their final papers?
In the past 10 years of selling real estate I have read, watched and learn all about "The Close". From word games to analogies I have heard them all. We as Realtors are taught to close the buyer, close the listing, close the contract, get to the closing table and get … (4 comments)
I remember when Ifirst started in Real Estate and use to go crazy trying to find the perfect house warming gift hoping to establish a long term relationship that would lead to repeat business and referrals. As time went by I found that those that I thought would be sure business would … (2 comments)
Last week I returned from Costa Rica with a successful closing. I would like to explain to everyone how a closing actually works in Costa Rica. Before I get started you will be surprised that it is not that different from a closing in the U.S. I think there is a stigma … (1 comments)
Experience has shown me that many prospective home buyers shop for homes during the summer months for a variety of reasons. First off, there is more time. Many people take vacation time during the summer months. Other "snowbird" retirees elect to buy a summer home during their regular time here in … (0 comments)
When the real estate market was better, sellers usually planned on walking away from the sale with a nice profit that they could bank, spend, or more likely, put down on their next home. There have always been expenses connected with selling a home, but in these days when home prices … (0 comments)
Posted by: CJ Harrington
I am happy to say that another closing went as .... well... not as planned, but the clients are happy! Had everything in place and found out that a 20 year old plus condo wasn't VA approved! Who would have thunk? Went FHA and it went just fine. The time frame … (9 comments)
It's All Relative!
Many 1st-time buyers are unaware of the additional costs that are incurred when closing a Real Estate transaction, with the exception of the down payment. There are several costs that you will need to be aware and have funds set aside for, as closing costs can accumilate to the tune of about 3-5% … (2 comments)
Don't forget if you subscribe to my blog this week you'll be entered to win a Starbucks card to be mailed out next week. If you join our group "Got Money?" I'll enter your name TWICE, and if you post to the "Got Money?" group I'll enter your name THREE TIMES in … (14 comments)
Are you are planning on moving to San Antonio? You may need to rent an apartment while conducting your home search and waiting for closing. 
When can I move in?
Had three closings scheduled for July that carried over into August and looks like number 3 is closing on Friday! I received an offer on another home today, interviewed a potential listing and put two new homes under contract for two new buyers last week. I showed high end river frontage yesterday to fabulous … (4 comments)
Arrived at a closing on Monday with my Seller, and the Buyer arrived with out a Cashiers Check for her 11K+ Funds due at closing. hmm! she wasn't told by her agent or her lender what the requirements and expectations were. The Buyer had to leave and go to the Bank, … (12 comments)
How do you sell to an old codger who smokes cigars and cusses like a sailor?Well...Greg Nino posed that exact question in a recent blog called "Meet Skeptical Skip". It was a great exercise in role-playing.That blog can be found here.A Little BackgroundSeems Skip has a home to sell and is … (11 comments)
I have to vent a little here as these problems continue to mount. I remember when lenders were the bad guys for a while, changing figures, not funding on time and having issues with over promising and under delivering. (May still be a problem there)
I received my sixth pay check today! It was the second time that I represented the buyer in a foreclosure deal and boy are those work! Now I figure I need some short sale experience :).
I know that six deals in 2008 is a small feat and that many agents … (4 comments)
I get this question all the time, and there's a lot of misinformation floating around out there, so I decided to get you some clarification. This is as of 8/1/08.
I had the privilege of helping a first time home buyer. The sellers asking price: $199,900.00 without appliances.
… (2 comments)
There are a couple of good sites to assist you working with Title Insurance Companies. I just found Title.com that will show you where the Fidelity National Title, Chicago Title, Ticor Title or Security Union title companies locations and you can get a confirmed rate quote for your transaction. You now don't have … (6 comments)
This is a love story… so how do I relate it to blogging and real estate? I guess you could call this the “take away close.”
When I was very young and very single I was working at the hospital with a friend named Sandy, who was very bright and very … (48 comments)
Question: Can I keep possession of Our new home for a few days after closing.
I just wanted to update you on my last deal. It is closing today. I am so excited. I was able to help a long time friend, from school, get out of her current living situation, and get a new life going. I am so thankful that she chose me. These … (7 comments)
This article was originally posted on DothanHomeSearch.com
Even in the smoothest transactions, closing is stressful for home buyers. You are signing dozens of documents, most of which you are trusting the closing attorney and not asking what you are signing. Add to that the fact that you are likely making the … (0 comments)
We found it! It's perfect! But now what happens?
In my nearly 10 years of working in the real estate, mortgage, and title business I have heard and witnessed many a horror story about closings lost due to the ineptitude, careless mistakes, lack of communication, or just plain poor customer service on the part of title companies. Although title companies do … (4 comments)
Wachovia says that July 25th....THEY'RE DONE. They're not done with retail, but they say that they are done with the wholesale. I know that their RETAIL reps have been out looking at other opportunities for a while. I wasn't aware that the WHOLESALE REPS are now out at as well. In … (12 comments)
… (2 comments)
Many of today's sellers have painstakingly prepared their home prior to listing. Inside, they've buffed, polished, scrubbed, painted, cleaned carpets and staged. Outside, they've trimmed, weeded, mowed and mulched. They've struggled (sometimes for months) to keep their home and yard show ready at all times for their prospective buyers.
I heard that some Starbucks stores are closing down! To all of us coffee lovers, this is not good news. I tried to track down the most updated list of the stores closing in St. Charles county, MO. This is what I have found:
Good morning everyone. This has happened to me twice this past week. I was putting out open house signs in my neighborhood when a lady stopped to put our her signs for her open house. She told me she was selling it herself and in the course of our conversation she … (10 comments)
Well, it has been several days since my last post, and I will admit that the withdrawals have been horrrrribbbbbleeee. However, I have legitimate reason why I have not been spilling the knowledge from forth my mind. It is called a closing. Yes, almost all of us have had one of … (0 comments)
Nothing makes Plainfield and Napervile buyers and sellers more anxious than moving day. Not only does a move from one house to another have to be perfectly choreographed, there are also a few things that can keep the transaction from even happening. 
1-800 Got-Junk? cleans out many homes daily for customers that are trying to sell their home. We have done single item pick ups to multiple truck pick ups. No clutter homes shows a home better to potential home buyers.Realtors use us to take items right before they close on a home, … (2 comments)
I first thought of titling this post, "Why you should send me all of your Austin-area referrals", and you will soon see why. If this post doesn't serve as adequate evidence that we work hard for our clients, nothing will. 
The veteran can pay a maximum of all reasonable and customary amounts for any and all of the "Itemized Fees and Charges" designated by VA as defined below plus a 1% flat charge by the lender plus reasonable discount points. Some special provisions apply to construction, alteration, improvement and repair loans.
If you are like most investors, you want your commercial loan to close in the shortest amount of time, and with ease. We have the ability to close our clients loans in as little as 2.5 to 3 weeks when our clients are prepared.
We sold an inherited farm at auction, and it went for 50% less than it should have, but we had to sell it. We dealt with that insult - the farm needed 20k of septic work, new roof, continual exterminators, has a wet dirt basement, exorbitant fuel oil heat, no curb … (5 comments)
Little things can be such a big difference! In the conclusion of a recent deal, we found a lender had added "SW" to a street address on all of their paperwork. Don't know why but there it was. Every document from the lender.
A final walk-through is a chance for a buyer to give a final okay to the property just before closing. It is preferably done on the same day of the closing, shortly before heading to the bank or title company to actually close the deal.
I have several listings which I'm very thankful for but I'm ready to get to that closing table. Once I get this first one out of the way I know that is a place I will get use to. I guess like many of you there is so much riding on … (1 comments)
I'm grateful for seller contributions! I've been on both sides of the table - working with buyers who need seller down payment and closing cost assistance to be able to purchase a home and with sellers who give concessions in order to sell their home. In the current mortgage climate, more and more … (29 comments)
HERE'S THE INSIDE SCOOP ON HOW TO DO IT RIGHT!First: make sure you are working with an experienced, professional loan officer. The largest financial transaction of your life is far too important to place into the hands of someone who is not capable of advising you properly and troubleshooting the issues … (0 comments)
By Hank Bailey, REALTOR® Prudential Blanton Properties
I'd guess that I've given about 800 presentations to Realtors in my time as a loan officer. I could get an exact count, but the first say, 300 were absolutely awful meandering things. They worked, but that's because of the famous "dog with an order form," rule. I did everything I … (6 comments)
Common Closing Costs for Buyers
Why would we sign all the documents, put down all our money, and have to wait another day to receive entry into our home?
If you're looking for a competitive edge in the sale of your home, your real estate agent may have an unexpected suggestion. Although many sellers assume that it is the responsibility of the buyers to pay for an inspection, having one performed before you even list your home can go a … (0 comments)
I recently had an idea mentioned to me that was amazing and I would like to share it because it is a little bit different than anything I have done myself.
Going, going, gone! 
I am thrilled to say I had a closing last Friday and my buyer has been sleeping with a smile since the move. 
Buying a home does not have to be complicated or stressful. Please use this helpful information to guide you through the process of purchasing your home. 1. Choose to work with a Realtor who you would be proud to refer to your friends and family. Choose to work with a … (2 comments)
Good morning all,
I had a closing today that was on a bank owned property. We closed at noon, but at 3:45 pm are still waiting for HUD approval. Technically the buyers can't move into the home with out the bank signing off on it. They always do sign off on it, but it … (1 comments)
*For Buyers Who Find a Home Themselves and Need Help Managing Their Transaction 
I've been pretty good at sales. I didn't set the world on fire, but year 2 in Real Estate I closed 28 homes. No assistants, no real clerical help. I became a broker shortly after that, and I think I closed 35 or so homes in a year. Good numbers, not … (1 comments)
It was not a sad occasion at all. I've got some clients that have officially become Arkansas Razorbacks!!! This closing was far from the norm. I get a Tweet and my client tells me that they beat me to the closing office. I walk in and he's working on his laptop. … (8 comments)
Tuesday, May 06, 2008
Tuesday, May 06, 2008