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If you Want to Change Your Closing Date - Inform your Realtor

By
Real Estate Agent with Benchmark Realty LLc License# 00285925

Nashville - I had a buyer who was scheduled to close on the 30th of this month. The home she was buying was occupied, and the sellers of that home were buyng another one. It's the way real estate is supposed to happen. 

My buyer could close at any time (assuming the sellers could close also), so she asked her loan originator if it would be ok to move the closing up a few days. Sure he said, "what day would you like", "how about the 28th she says", I'll get done says the loan originator".

Unfortunately, neither she nor the loan originator bothered to tell the real estate agent (that would be me). I get a call from my closing attorney on the 27th asking me what's going on. Needless to say, since the other parites involved were not ready to close, it didn't happen.

Was anything really hurt by all of this? Not really, but it could have been prevented by a phone call from the mortgage originator to the realtor. We try our best to make it a smooth process.

 

This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Keller Williams Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area.

 

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Comments(10)

Franklin & Brentwood, TN Homes Mike Nastri
Keller Williams Realty - Franklin, TN
It matters to us as much as it matters to you.

That sounds like an "all-purpose" loan originator.  I hope the closing does go well when it does actually happen.

Jul 30, 2009 01:13 PM
Missy Caulk
Missy Caulk TEAM - Ann Arbor, MI
Savvy Realtor - Ann Arbor Real Estate

Ugh....

We have a phone, right?

Jul 30, 2009 01:14 PM
Jimmie Sims
Keller Williams Realty - Burlington, NC

Isnt it funny in so many things in life could be fixed with one little thing......it is called communication.  Best wishes with your closing.

Jul 30, 2009 01:28 PM
Elizabeth Bolton
RE/MAX Destiny Real Estate Cambridge, MA - Cambridge, MA
Cambridge MA Realtor

Hi Larry ~ I had a closing last month that was moved up a couple of weeks unbeknownst to me.  Somebody called me for something or other and I'm thinking Why are you jumping the gun? That's when I found out the closing was right around the corner.  It worked out, I got paid sooner than I expected - no problem! But I know what it feels like to be surprised like that.  Better they close early than not at all.

Liz

Jul 30, 2009 02:40 PM
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Mike - It actually did happen, on time, but it could have been a mess.

Jul 30, 2009 03:11 PM
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Missy - I guess it didn't seem important to tell me at the time.

Jul 30, 2009 03:12 PM
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Jimmy - Communication prevents almost all real estate problems

Jul 30, 2009 03:13 PM
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Liz - I would have gladly closed early, if only the sellers could have moved into their new house early also. It was not to be.

Jul 30, 2009 03:14 PM
Richard Dolbeare
Inactive - Wailuku, HI
Living the Hawaii Lifestyle

It's said that communication is the hardest thing we do. 

Jul 30, 2009 04:09 PM
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Richard - i guess it is. I didn't think i was that difficult to talk to.

Jul 31, 2009 12:26 AM