Thursday, October 21, 2010

Closing Escrow

Ah, the last week or so before closing an escrow.....

Everything is smoothly coming along. As smooth as it can be with a Short-Sale transaction. The bank agrees to pay some additional termite work. The retro-fit is manageable. Everything is scheduled to be done on time.

Loan docs are on order, Prior to Doc conditions were met. The list of Prior to Funding is under control.

One week to go.......can anything go wrong?

Oh Yeah.....but it's still all going to be okay. I promise.

I always warn buyers that the last week or two prior to close of escrow is the most tense. They think everything is moving along fine and someone asks for another document. Something turns up that still needs to be done. There is a cross missing on a T or a dot missing on an I.

But, we, the agent, escrow, and lender....we manage it for our clients. Generally without them even knowing.

It's the finesse of getting everyone on the same page to close on time....that's the final challenge (and fun for me).

To you, the buyer?.....do what I tell you to do when I tell you to do it. Trust your agent. We know what it takes to get it closed. Do so, without delay. There is generally no wiggle room in the end. Got to get it done, and now.

When there is no tension at the end, it's amazing. But, when there is, just let your agent guide you through it.

We Get 'Em Closed (that's for you Shannon!), and quite a bit more often than you.

No comments: