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Because it will save this military home buyer a TON of money! By keeping the original closing date of Friday, September 30, the VA funding fee for my client, who is using his VA eligibility for the first time, would have been 2.150% or $4,300.00 on a $200,000.00 loan amount. By waiting a mere three days, and moving the closing to Monday, October 3, the funding fee is reduced to 1.4%, or $2,800.00 - a savings of $1,500.00! That's a $500.00 saving per day! 
Can I tell you - we have ONE happy buyer! And that makes his real estate agent happy. And I will also give a shout out to the seller and their agent for being so agreeable with the three day extension. It is one of the advantages of doing business in a military town .....most individuals are familiar with military buyers and VA loans and will go the extra mile if it means helping out one of our heroes in uniform as they are purchasing their first home. 
How about you? Do you have a client who just needs to wait a few days to save some money? Oh .... and instead of the "kiss of death".....we are receiving "kisses" of more referrals because our referral partners know we care about our military clients - and we are "making a difference in the lives of the people we serve." 
;)
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12 Comments on The Homebuyer is Missing the Contract Date by Three days.....and EVERYONE IS STILL HAPPY! (Including the Real Estate Agents and Seller!)
Louise - that's great news and so nice to hear that we are taking care of our military for all they do for us! $500 a day is a nice savings and really adds up! Nice to hear good news for a change! I love your sparkly image - I want one, lol!
Louise,
That is a lovely way to present good news. I love your style. A
@Kristine - Thanks for dropping by! and I think YOUR image is pretty darn "sparkly"! And YES, it is good to get a little good news - especially for our men and women in the military.
@A - Thanks for your gracious comments! And YOUR style is pretty LUXURIOUS!
That is a great amount of savings. Buyers and sellers are just happy to close in the end even if there was not a savings.
Chuck - you are so right! And even better when you can save $1,500!!!
I relayed similiar information on a deal to the buyer's agent and she said REALLY? Yep wait until Monday and your client will very happy. She didn't know and I think they'll be bringing me the chilled adult beverage at closing for suggesting the delay.
Hello Louise and this is great news and you are doing a wonderful job!
VB ;o)
Thanks, Bob! (And I DO love the teenage pic!)
Louise,
A win win for everyone. Thanks for bringing this fact to everyone's attention. If I represented the seller I would have done serious lobbying with the seller to go along with the 3 day delay. Who really cares about 3 days anyway. Thanks for the blog and commenting on my blog.
This is a great story and I love hearing good news, especially these days. If anyone deserves to get bene's its those who serve our country!
Thanks for this post and glad I caught it
Did they let them have the discount? I heard that they had decided NOT to lower it. :(