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What is a "Dry Closing" ? asked the Agent
"DRY-CLOSE" SAY "YUCK-YUCK TWICE" is a phrase I barrow from
Marilyn Hickey.
 
In a recent transaction with a long-time valued Client whose Attorney had planned the closing on the sale of their home and the purchase of their new home on the same day, I had to prepare them for the possibility of a "Dry-Close!"
 
Knowing any possibility of both their closings not going relatively smoothly would send them into the "Solar-Eclipse" of stress zones, I had to first start by telling them I would be present at the closing.  I shared as long as I stay cool, you stay cool.
 
I explained how if money wire transfer transmissions were slow, they could be sitting at the closing table on the sale of their home all the way to the time to head to their next closing, not knowing if their old home fully closed.  You can imagine how upsetting this could be for them, having scheduled Movers and all the other vital activities that go along with relocating.
 
I told them to still plan on heading to their next closing with a positive belief everything would fall into place for their next closing.  If by chance the money wire transfers did not get there ... more

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