“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?
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