For this condo I just sold in Newark for $420,000, I was the agent for the seller who bought this condo with me back in the short sale market and is moving out of the area. The market has really skyrocketed since she bought this home.
This sale was a super smooth transaction. We received multiple offers and got well beyond the seller’s expectation on price. The transaction itself was super smooth and seamless with great buyers, a great buyer’s agent, and the seller was very meticulous about having the home as perfect as she could for the buyers. So, she actually did all that she not only knew about that she felt was not up to par, but a few other things that came to light.
On our end, really, it was easy peasy, on the buyer’s end, they did have a lot of frustration with BofA and the loan process, which seems to be a common theme these days in the lending industry. But, the buyers pulled it off and were able to close on time, but did mention that BofA asked for documents up to the last day, including asking for items multiple times, which just seems to be the new norm for banks. And, mentioned they had a fairly unresponsive loan officer and had to get management involved.