There are a lot of things which can go wrong in Real Estate. Even when everything seems to be going right, anyone can drop the ball. When working with a Buyer, one of the most important details is financing. The most important question is, "have you been qualified for financing?" This question is a sort of dual edged sword. When a Buyer is pre-qualified you know what price range to search. You also have a pre-qualification letter to submit with a written offer, which in most cases is required before a Seller will consider any offer. In this case the Buyer was very qualified. Steady job, great credit and income, looking for a home well within her income. The offer was written, accepted and the process began.
The other edge of the sword involves working with new lenders. But this could happen to just about any Lender. Some times things fall through the cracks. In this instance the Lender forgot to order the appraisal until 2 weeks before the closing date. I always run through the sequence and follow up with a phone call. In this case I could not remember asking the Lender how the appraisal came out. Opps! Enter a rush order and hope for the best. We did close on time, but there was a moment of concern. Another good reason to pray.
This turned out to be another item to add the calendar updates. My dad always said, "don't complain unless you have a better solution.
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