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.

DECIIIAs 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.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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