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Closing on a house...It's a Home..and Not "Strictly Business"

By
Real Estate Agent with EXP Realty 414-525-0563 57026-90 Broker

 We learn lots of things on Active Rain, one of them being that not all states handle real estate closings in the same way as we do in Wisconsin.

    In what might be considered a "traditional closing"  here...the buyers and sellers meet in separate rooms either at the Buyers' lender or their title company.  The closing agents dash back and forth with paperwork signed by both parties. When all paperwork is signed, ideally everyone shakes Happily Ever Afterhands, the keys are given to the Buyers, the checks to the agents...closing gifts are sometimes given to both Buyer and Seller and the happily ever after begins.

   With divorce and short sales and sometimes estates, the procedure is usually a little bit different.  Emotions run higher than usual and "pre -signing" becomes the order of the day.  In a divorce, that means that the divorcing couple each signs closing documents separately and gives us their power of attorney to sign documents at the "real closing" with the Buyers. 

    Short sale Seller almost never want to be at closing with the Buyers....and we honor and respect their feelings with pre-signing documents as well.

    Estates..this can be a very very traumatic and emotional experience for the Personal Representative...likely an heir for a parent or close relatives.  It may be saying good bye tochildhood home the home they grew up in...the one that had every childhood memory from holiday celebrations to backyard picnics.  It is the final good bye. The heir wants to like the buyer...wants to know that a new family now has those same opportunities to make memories and take care of the house that was so much a part of the lives.   It can be an emotionally draining experience for a personal representative.  

    Rose   This is an opportunity for every Realtor to show an heir that this IS a people business...that it has a face...and more importantly, a heart.   If the state in which you practice does not "traditionally" have agents at closing...send a note, have flowers delivered...do something special for the person that really is not sellabrating...but grieving the end of a chapter in their lives.  Help them cross the bridge to the next place and thank them  in a way that they we feel special...a hug of gratitude on the day they need it most.

    Real estate is never strictly business...and if you or anyone you know requires the services of Realtors who understand that in southeastern Wisconsin...call the Hansons...it is honor to be of service.

         

Posted by

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS


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Norma J. Elkins
Elite Realty Group - Morristown, TN
Realtor - Elkins Home Selling Team

Great blog...thanks for sharing!

May 16, 2016 11:06 PM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Our buyers and sellers are in the same room, usually across from each other. Now divorce sales may find the sellers in separate rooms and had some in separate buildings even. Estate sales are more delicate and have had some emotional heirs. Most often those buyers and sellers do not meet to keep the emotions from over coming the buyer as well. 

May 16, 2016 11:18 PM
Mimi Foster
Falcon Property Company - Colorado Springs, CO
Voted Colorado Springs Best Realtor

Wonderful post. We purchased a home last summer from a couple that had lived here for 50 years. He has passed, but she and I write letters to each other several times each week. She's 95 and has moved to CA. Every letter asks what changes I have made to 'her' home this week, and she mentions how glad she is that someone is living here who loves it as much as she does. I tell her very little, of course, because she's still upset that I pulled the orange/gold/brown shag carpet to expose the gorgeous hardwoods. 

Good advice in your post!

May 16, 2016 11:23 PM
Sally K. & David L. Hanson

Gee whiz Mimi Foster can't imagine why the colorful shag could not be worked into your color scheme !

May 16, 2016 11:26 PM
Roy Kelley
Retired - Gaithersburg, MD

Thank you very much for sharing your experience. This is good reading for real estate agents.

May 17, 2016 12:10 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Good morning, Sally and David -- it's not uncommon that a buyer and seller will ever meet in my market. The closings in my area are kinda anti-climatic and we learn when it has occurred via a phone call from the escrow officer or title company.    

AR continues to show me that while our business practices may differ from state-to-state, the human element is always a factor to consider.   A very thoughtful post.   

May 17, 2016 12:33 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Our buyers and sellers sit across from each other at the Closing Table, unless the attorney has authority to sign. Yes, it is a business, but it doeesn't have to be....

May 17, 2016 12:59 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

It is business but also so personal that you get to know people well. Have a teriffic Tuesday.

May 17, 2016 02:49 AM
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Excellent blog Sally & David, this is one of the things I have also learned from Active Rain. The process can really be different in other states.

May 17, 2016 06:12 AM
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Sally.  Rarely do the attorneys meet never mind buyer and seller for our closings.

May 17, 2016 06:57 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Sally and David our closing are a little different than your.  But I always find it interesting to read how closings are done in other parts of the country.

May 17, 2016 11:17 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Sally and David- I love the compassion that you and David show to your clients.  It truly isn't just about business. 

May 17, 2016 11:57 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Sally. Doing business in different states, closing are handled differently, in Connecticut, it is not uncommon to have everyone at the same table.

May 17, 2016 07:31 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I love the post. You clients are lucky to be working with you.

May 17, 2016 08:35 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Yes, Sally and David, each closing is different.  The ones I like best are when all parties happily sign papers together across the closing table, but there are times that it's best to keep them apart.

May 18, 2016 08:54 PM