Tuesday at the TBR is fun and informative meeting each week where some of the top Realtors in the market get together to promote their listings and their client needs. The meetings are sponsored by various entities, some from affiliated businesses like banks, law firms or title companies. Each week we also have a moderator, and on 6.8.09 the moderator was Lucretia Thomas of Thomas Acquisition and Property Specialists, Inc.
I lived in southwest Missouri for over 20 years and up that way, they would say Lucretia is a hoot! She is very animated, humorous and does not suffer fools lightly. When she is in charge of the meeting, she runs a tight ship. Lucretia is also one of our most dedicated Realtors in helping to make things happen. Recently, at a bowling fund raiser, Lucretia was in charge of making the silent raffle successful-and she did so with gusto.
After Lucretia, settled the crowd down we heard a sobering talk from Patrick Carrin of Wells Fargo who shared with the crowd while representing the Tallahassee Mortgage Banker's Association about some of the new federal regulations taking effect the end of July. Patrick had all the member of the MBA in attendance to come stand with him while he plead with the Realtors in attendance to allow more time for closing beyond the customary 30 days.
Without going into all the detail regarding some of the new disclosure guidelines, it is important for home seller and buyers to understand some things may come that will require closing to move 4 or 5 days. This is important for planning and for contracts, so that everyone understands that the closing date may be a moving target and there is nothing anyone can do about it. More detail on this in another blog, but suffice it to say, you may not want to target the last day of a month for closing. If closing in August is important to the parties involved, you may want to start with the 20th of the month to insure it happens in August.
Likewise with all those buyers trying to get their home purchased before the $8k tax credit expires, don't wait until late November for closing, you could be seriously disappointed.
Tuesdays at the TBR: important information for the up-to-date-Realtor. Another reason I attend.
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Michael Lee
Tallahassee Realtor
Homes in Tallahassee
Piney Z Specialist
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