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Veterans Day delayed the closing!

By
Real Estate Broker/Owner with Pareto Realty TN #251071

So . . . Let me get this straight!

Veterans Day is on every calendar with Federal Holidays. It’s celebrated on November 11 if that date falls on a week day . . . If on Saturday or Sunday, it’s the following Monday.

this year, it was yesterday – Wednesday!

I’ve heard two people say their real estate transactions were delayed because of Veterans Day.

Did it surprise someone?

How could it be that a well publicized federal Holiday could come as a surprise to – well – ANYONE?

Oh my!

How sloppy is THAT?

Surely SOMEONE participating in the transaction would pick up on this subtle detail that banks and Government Office would be closed yesterday, eh?

But no!

God forbid that the deal expires at midnight on 11/11 . . . and the Buyer already has cold feet, and the seller has a back-up contract for $10,000 more.

Oh please Please PLEASE consult with a calendar as we construct Purchase and sale agreements.

and Please pay attention to the holidays and their significance.

SMH at the sheer number of people who had NO clue whatsoever yesterday was veterans.

I can’t think of a single justifiable reason Veterans day would cause a closing delay . . .

Can you?

 

About 

Residential Real Estate Principal Broker and Founder of Pareto Realty, LLC. Creating the quintessential real estate firm with emphasis on "Live, Work, & Play" balance . . . and a true Performance Oriented environment for Real Estate Professionals. Serving the Real estate needs of Home Buyers and Sellers in Middle Tennessee.

Posted by

Barry Owen

Founder
Principal Broker
Pareto Realty
Nashville, TN

615.502.2080
www.paretorealty.co  
Call me: 615-568-2123
email me: barryo@comcast.net

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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

If the funding has to go through the federal branch of the treasury for funding and the branch was closed for the day I can see it delaying the closing

Nov 12, 2015 08:46 AM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I wonder how many were due to close on friday and are delayed because disclosures were not sent out under TRID and no one stopped to think "holiday" when planning it.

Nov 12, 2015 11:07 AM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Barry - Yes, you wouldn't think that Veterans Day would sneak up on anyone, especially in the lending and banking industry. But, for some reason, this news does not surprise me.

Nov 12, 2015 11:26 AM