Closing on a Home Before Dec. 31
With time running out to close on a real estate deal in 2012, Edina Realty Title — in the southeast corner of Edina Realty City Lakes’ office — is quite busy today.
As a result, the east parking lot is full.
Endings vs. Beginnings
Meanwhile, the eve of New Year’s eve is a terrible time to launch a deal.
No one’s available* — or, if they are, is especially eager to spend the upcoming long weekend working on a deal that will close in late Feb/early March, 2013 (assuming it comes together).
Ergo, not many Realtors at their desks today, leaving the west parking lot empty.
*It’s not just the Realtors who need to be available to consummate a deal.
Depending on who is selling (a bank?) and who’s buying (Are they pre-qualified? Who’s issuing the Pre-Approval Letter?), other necessary actors include: the Buyer’s lender; the asset manager at the bank; and, if two couples are party to the transaction, all four of the legal signatories.
