Drop the damn shoe already.

By
Real Estate Agent with HomeSmart SA541769000

 

“The property has closed; a new deed has been recorded.” For many of us, those are some of the sweetest words we can hear. Because until the escrow closes, anything can, and sometimes does, happen.

Just because you have a smooth sale with a willing buyer and eager seller, it can still go awry. There are third party participants and events that can derail even the smoothest sale. Even if you have already gone through the negotiations, the inspections, and underwriting with the end in sight, watch your step. You don’t want to trip over the finish line.

What could go wrong? The buyer innocently opens a new line of credit affecting their loan approval. A freak storm drops a tree branch on the roof of the home. A worldwide pandemic could bring business to a halt. The list goes on and on.

If you are like me, the last few days before closing can be agonizing. The first shoe has already hit the floor and you are ready to go back to sleep. The only question is, will the second shoe be placed down gently, or will it hit the floor with a bang so loud it can wake the dead?

At that moment time stands still. You want to do something, anything, to bring an end to the wait. But you are powerless until all the I’s are dotted and all the T’s crossed.

As my wife always says, “Take a chill pill, it is out of your hands.” Easier said than done. Perhaps, one more final walk-thru won’t hurt? Another call to the escrow agent? Maybe a smaller shoe?

secondshoe1

Joe Domino is a Realtor® serving the Phoenix/Scottsdale area. Need more information? Or to Search for your next home, visit www.Scottsdale-AZHomes.com

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Joseph Domino

© 2010-2018 Joseph Domino All Rights Reserved

Comments (9)

Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Joseph Domino 480-390-6011 You're right, there are things than can derail a closing at the last minute, but I sure that shoe won't be dropping for you.  It is understandable to worry a bit at the last minute. Congratulations on your upcoming closing. D

Jan 17, 2021 07:22 AM
Joseph Domino 480-390-6011

Thanks Debb Janes EcoBroker and Bernie Stea JD 

Jan 17, 2021 03:26 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Joseph... I am constantly on the phone with clients prior to a closing reminding them of what not to do until we are closed. And I follow it up with emails. Fortunately, that has kept the other shoe from dropping for me.

Jan 17, 2021 08:35 AM
Joseph Domino 480-390-6011

Sometimes it is hard to let go of the reins.

Jan 17, 2021 09:28 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Joeph,  You have a smart wife about taking a chill pill, where do you buy those, I could use one of them yesterday!

 

Jan 17, 2021 09:03 AM
Joseph Domino 480-390-6011

I was being polite. More than likely she will handcuff me and gag me.

Jan 17, 2021 09:29 AM
Anna Banana Kruchten CRS, CRB, Phoenix Broker

Chill pills.....Walgreens carries them I think!  In the vitamin section. Happy pills!

Jan 17, 2021 10:15 AM
Lauren Williams, CPO, CVPO
Casual Uncluttering LLC - Woodinville, WA
Professional Organizer: Puget Sound homes

Joseph Domino 480-390-6011 I've seen the shoe go flying over a fence in my own sales and friends'/family's sales. And just an aside - MARVELOUS photo to accompany the post - very funny. Lauren

Jan 17, 2021 10:11 AM
Joseph Domino 480-390-6011

Thanks Lauren

Jan 17, 2021 03:25 PM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Sometimes a chill pill is a good remedy, at least in the short term.

Jan 17, 2021 11:50 AM
Joseph Domino 480-390-6011

It beats pacing the floor.

Jan 17, 2021 03:26 PM
Anna Banana Kruchten CRS, CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Acatually Joseph take a nice walk - the weather is so nice a 10 to 20  minute walk is good for your mental well being!

Jan 17, 2021 03:53 PM
Joseph Domino 480-390-6011

Yes, I need to get away from my desk.

Jan 19, 2021 06:54 AM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Joseph- It seems to me that if you weren't the thorough agent that you are, you wouldn't be concerned about that second shoe. That said...listen to your wife. 

Jan 17, 2021 05:39 PM
Joseph Domino 480-390-6011

Thank You. I always listen to her. What choice do I have?

Jan 19, 2021 06:55 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

it is astonishing what can go wrong - at the last moment - I share your pain

Jan 17, 2021 07:45 PM
Joseph Domino 480-390-6011

Still waiting.

Jan 19, 2021 06:56 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Joseph, those last minute items are the worst!   I look at a glass of wine as my "chill pill" at the end of the day!   

Jan 22, 2021 01:21 PM
Joseph Domino 480-390-6011

A good glass of wine can take your mind off of things for a little while.

Jan 23, 2021 02:00 PM

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