seattle real estateSeattle real estate and me: 

 I run around and work my tail off making sure that all my transactions run as smoothly as possible.  I make sure that all of my clients are comfortable and shield them from some of the stresses of moving.  I push the paperwork around in a timely fashion and make sure that all deadlines and contingencies are respected. I am organized and completely on it when it comes to making sure that a transaction gets all of my attention!

Closing and others:

I expect the same from everyone else in a real estate transaction. My clients and my file should be just as important to everyone else working on it as it is to me. Unfortunately, I find myself having to babysit other people's jobs to make sure that the deadlines are met.  This has always been the case. 

 Most of the time, the job is getting done, but there is a lack of communication or sense of urgency.  I find this unacceptable and want constant communication in my transactions.  I want to know that everyone is doing their job for my client to the best of their abilities - right?  Is that too much to ask?

The 2008 Seattle real estate market has been different, but I am having a blast and have already helped a lot of people into and out of homes that I have sold or listed. I have had the pleasure of working with some great escrow companies and one not so great one.  I have also worked with a few lenders and found half to be fabulous and half to be not so fabulous.  Having a team in place is important, but a sales contract doesn't always allow you to use that team.  To top it off, the mortgage companies and banks that are still offering loans are swamped with contracts and at least in my recent experience, have absolutely NO RESPECT FOR A CLOSING DATE.  The mortgage brokers have been great, but I think they don't have as much pull with the underwriters and reps anymore because they can't just pull the loan and go somewhere else.

A solution?

I know that as hard as I try, I can not control EVERY aspect of a transaction - I can only work with the best people possible and make sure that paperwork is passed around in a timely manner.   I can continue to meet my deadlines and give my clients the best possible service.   Do I need to also put a system in place to protect our expectations as to contractual closing dates?  Do I have to give the lender one official closing date and have a later "secret" closing date between the buyer and seller?  I mean, seriously, if I gave the lender 60 days instead of 30 to close, would they still need a one or two day extension?  I think so!  Any suggestions on how we as Realtors can change our business model so that our clients are protected in the best way since closing dates mean nothing apparently? 

Courtney Cooper ....For all your Seattle Washington Real Estate Needs! Seattle Area Real Estate Agent: Broker and Realtor serving North King & South Snohomish County.  Seattle Real Estate and Seattle Suburbs!  Cooper Jacobs Real Estate Services:   Experienced REALTOR with a background in accounting - I love my clients and work hard for them! Please call me if you are looking for a home or investment property (including short sales, preforeclosures, foreclosures, and REO properties) in Seattle (Ballard, Crown Hill, Phinney, Ravenna, Maple Leaf, Green Lake (Greenlake), Greenwood, Northgate, Lake City,University, Sand Point, Laurelhurst, Windermere, Fremont, Wallingford, Queen Anne, Westlake, Eastlake, Lake Union, Downtown, Madison Park), Shoreline, Edmonds, Brier, Lynnwood, Mountlake Terrace, Lake Forest Park, Bothell, Mill Creek, Everett, or other Seattle Suburbs!

 

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Cooper JacobsThis Seattle Real Estate blog written by:  

Courtney Cooper, Seattle Realtor, EcoBroker, Designated Broker for Cooper Jacobs Real Estate Services

@CourtneyCooper  206-251-5948  courtney@cooperjacobs.com

Serving Seattle WA neighborhoods & suburbs with care!  Search ALL Greater Seattle's MLS listings for FREE no matter who they are listed with: www.cooperjacobs.com

 

5 Comments on Seattle Real Estate: Closing on time all the time???? Too much to ask?

APR
25
2008
An unfortunate fact of life I have come to realize is that no matter where you live and who you work with - no one will ever feel as passionately about things as you do.  While you do your very best to keep control and meet deadlines, there will always be those that... well, don't.  You're doing the right thing by staying on top of it, and not letting them forget your transactions - but expecting all of them to actually care may be asking too much. 
10:19am • #1
APR
26
2008
232,137 Points 39 Featured Posts Outside Blog

I don't usually have a problem with closing dates, except the occasional short sale.  Try my method.  4 business days before closing I call and freak out at everyone who seems to think it isn't going to close on time.  That seems to work every time.

I had a couple where escrow just seemed to be "too busy" to schedule the signing.  These were condo conversions or new construction where escrow was signing big blocks all at once over a 10 day period.  I had the client go to escrow at 3:30 with goodies.  Muffins, cupcakes, anything that might encourage them to stay a little late.  Worked every time.  Escrow did have them signed up without an appointmnt by 5:30 to 6:00.

Get creative and you will have fewer closings go off late.

2:04am • #2
237,874 Points 11 Featured Posts Localism Sponsor Outside Blog Hit Router

I worked for 1st American Title/Escrow in Southern California for 2 years a couple of years ago. I had come from the real estate side of a transaction after being an agent for 10 years. I had a great team back here in South King County and expected to be the perfect closer on the other end. I soon learned that the office I worked in closed files on their time line - I was horrified. I was the one that took the screaming agents, lenders and clients calls and oh man some days I was beside my self - the escrow officer I worked with could have cared less!! She was the "queen" with a huge clientele because she had no competition and it made me sick!!

I agree with ARDELL, sad but true some offices will get things closed faster with 'bribery" - it is sad but reality.

Here is what I do - I make sure my team gives me feedback every 2 weeks - I want them to tell me what they want to see as a closing date - 30 days, 45 days, 60 days - During the boom in CA we had to have 45 days because of the work load. You might try it - gives them some "power" that they seem to think they deserve and will work in your best interest.

12:46pm • #3
APR
28
2008
1 Featured Post

Courtney,

I have never had a problem with anyone but mortgage.  Some mortgage agents offer a guarantee for closing on time.  If they miss, they pay your client a fee.  It isn't usually much, but just haveing the guarantee keeps them on thier toes.  Also, if things are a few days late, then the cash helps ease the client.

 

11:03am • #4
APR
29
2008
2 Featured Posts

OH man.... JUST TODAY I had to call escrow to find out that the loan will not be ready. Then I called the agent and was told "Oh, well we didnt want to bother you last night"......AHHHHHHHHHHHHHHHHHHHHHHHHHhh I am so surprised by the complete lack of communication whenever there are problems..... why?

 

Best,

Scott 

12:16pm • #5

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Seattle Realtor Courtney Cooper Seattle Real Estate, Seattle Washington

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