Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY)

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Rainmaker
744,988
Thomas J. Nelson, Realtor,CRS,e-Pro
Big Block Realty 858.232.8722 - La Jolla, CA
Co-Host of Mail-Right's: Real Estate Agent Podcast

I'm still deciphering your question?  More coffee needed.

Feb 10, 2018 06:53 AM
Rainmaker
2,732,908
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Write the contract carefully. Follow the contract.  If the other side breaches issue a "Cure Notice".  If they fail to cure, claim the Earnest Money.

Feb 10, 2018 04:18 AM
Ambassador
2,344,629
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I lost a buyer on my personal home 3+ years ago - they paid off a credit card and CANCELLED the card, raising their DTIR enough to disqualify them! 

The kicker - she was a CPA and had already had this discussion with her agent AND her lender and insisted that she was right and knew more about this than the advisors that she had hired!

Thankfully, we had a back-up Offer that moved right into place.

Feb 10, 2018 08:25 PM
Rainmaker
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Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

We might get backed up waiting for a prelim, HOA docs, statements from City Finance or County Development Services. Surveyors, civil engineers, attorneys. There are so many players in our game and just one being out of sync can gum up the works. And if title issues need to be cleared or additional paperwork from one of the parties, it's not that shocking when there are delays that don't have anything to do with the buyer or seller being RWA. Earlier this year, we had a closing where one of the provisions of the contract was the tenant be vacated, and it took an extra week for them to clear out with all their stuff.I think even though we all want to get closings done as quickly as possible, it's common sense to anticipate cause for delay, and carefully calculate those critical dates at the beginning.

Feb 10, 2018 04:26 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

It pays to have good agents to navigate through the process.

Feb 10, 2018 10:44 AM
Rainer
125,439
Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

There are too many things to list as why a sale is delayed. Financing, divorce, short sale or foreclosure, title issues, inspection and appraisal problems, legal issues and emergencies. Having the right lender, who knows his job, and is on top of things, can solve most of these problems quickly

Feb 10, 2018 08:49 AM
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I try to avoid them by staying at least 1 step ahead. To make sure the buyers pre qual is real. That if a fha or va loan, the home is going to pass the appraisal. Most things that happen do because of a lack of attention/commincation by the agents. The one variable is a bad inspector or a bad appraiser

Feb 10, 2018 08:44 AM
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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

quite often, delays happen because the agents, buyer and listing agents, were not staying one step ahead of the process.... can't trail....

Feb 10, 2018 06:57 AM
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Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I was invoved in a deal in 2017 that drug on for months

Feb 10, 2018 03:48 AM
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Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

What was that Andrew Mooers | 207.532.6573 ; sorry I was enjoying the view?

Feb 10, 2018 10:21 PM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

A few good pointers/answers Andrew Mooers | 207.532.6573

Feb 10, 2018 08:20 PM
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Usually if there is a delay, there was a financing issue that wasn't disclosed at the beginning like a property had to sell, time on job not enough, money has to cure, etc. In other words, there was not disclosure.

Feb 10, 2018 07:15 PM
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Someone dropped the ball early on!

Feb 10, 2018 06:38 PM
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

It is our job to follow dates and stay on top on the deal.

 

Feb 10, 2018 02:22 PM
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1,004,547
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

It's usually the banks.  The bigger they are, the slower they move.  Chase is one of the worst.  To the point where my sellers are almost not going to consider any offers with them as the lender.

Feb 10, 2018 01:19 PM
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding and Marketing

Delays can occur because of death or force majeure aka acts of God.  We have had that happen both with deaths, earthquakes, fires and mud slides.  No one is to blame.  A

Feb 10, 2018 01:09 PM
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491,810
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

The only delays I recall were caused by lenders.

Feb 10, 2018 01:05 PM
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Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

In 15+ years in the business, the only stalls and delays I've experienced were with lenders approving short sales. 

Feb 10, 2018 09:47 AM
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

It is always a good idea to get the buyer pre-approved for the needed mortgage financing.

Feb 10, 2018 07:46 AM
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Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Sometimes, in spite of counseling to the contrary, people go out and buy a car or furniture on credit before closing.  That is a big NO NO !

Feb 10, 2018 07:30 AM
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Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

      Offers should be accompanied by a pre-approval or proof of funds letter.   The desired lender should be consulted on length of time needed to close.  

    But having done all of that properly, there might still be a delay where an underwriter requests additional documentation from the borrower.

   

Feb 10, 2018 07:30 AM
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Good question.

Feb 10, 2018 07:25 AM
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Barbara Todaro ...brings it down to earth. The info is there. Flush it out!

Feb 10, 2018 07:21 AM
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

This is something that should have been looked into prior to the acceptance of the offer.

Feb 10, 2018 06:42 AM
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

The selling agent and listing agent should have verified that the buyer was qualified from the get go. Long gone are the days when buyers applied after having a home under contract.

Feb 10, 2018 06:29 AM
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Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Buyer not being qualified is certainly one of the "vital signs". Sometimes patience is needed.

Feb 10, 2018 05:07 AM
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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

What Tony and Suzanne Marriott, Associate Brokers said.

Feb 10, 2018 04:23 AM
Rainmaker
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Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Area Real Estate

Not following the link. 

Feb 10, 2018 07:56 AM
Rainmaker
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Richard Weeks
Dallas, TX
REALTOR®, Broker

Look like you got some good answers.

Feb 10, 2018 07:31 AM
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Andrew Mooers | 207.532.6573 There are many factors that can hold up a closing. Since the buyers were not pre-approved, could be a big red flag.

Feb 10, 2018 06:27 AM
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Don Conwell
Guild Mortgage - Tulsa, OK
Advisor for Existing or New Construction Home Loan

 As a lender I will say that financing issues seem to be the most stressful ones to introduce into a real estate transaction and that most delays that impact the closing date (or closing at all) rest squarely on our shoulders.  I will even push it down further and say that it is the individual loan officer's responsibility to manage the process, expectations, and communication.  Regardless of the industry sales people should fufill commitments that are made.

Feb 19, 2018 03:44 PM
Rainmaker
461,256
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Cooperative and/or park approval. They work on their own time frame and approvals. Almost lost a really good buyer  this month, but we ironed it out and are closing later this week.

Feb 14, 2018 09:25 AM
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Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Luckily, have not seen too many delays, only once a couple years ago when we took a contingent buyer, and their buyers were approved by Chase Bank.  They never talked to anyone, just delayed for 2 days, and stalling 3 domino deals.

Feb 13, 2018 08:13 AM
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Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I can't remember the last time I had a real estate sale stall... I am very carefuly with who I accept as buyers whether I represent a buyer or a seller.

Feb 10, 2018 09:10 AM