Multiple Interested Parties If you’re not in real estate — or buying or selling a home this Spring — this Thursday (June 30) is probably just the day before the day before the 4th of July holiday weekend (Y-a-y-y-y!!). However, if you are in real estate (agent, broker, or especially title company) . . . ...Read More
Lots of Third Parties, Oversight Test your knowledge of residential real estate, and answer the following question: Which of the following have the power to force a home seller to make a repair prior to closing? A. The Buyer; B. The Buyer’s home insurance carrier; C. The local municipality; D. The Buyer’s lender. Answer: all...Read More
Allowing Enough Time Test your knowledge of the residential mortgage process, and answer the following question: For lenders underwriting a mortgage, what is the key date in a transaction? A. When the Purchase Agreement is finally accepted (it’s officially a “done deal”). B. When the Inspection Contingency is removed. C. The Written Statement deadline specified...Read More
Analog vs. Virtual Unlocked Doors Once upon a time, standard Realtor advice to new homeowners, post-closing, was to change the locks: even if the Seller delivered all known keys to the Buyer, there was always the possibility of neighbors or friends possessing a “stray.” Now, thanks to smart homes — and specifically, Nest thermostats — there’s...Read More
April Deals Bring May (& June) Closings If you assume that mid-April is the peak of the Spring housing market (correct most years), and that the average lead time to close a home purchase is six weeks (true), that makes the peak for closings . . . right now. In fact, when the last day of the...Read More
But, Isn’t There Already a “Closer?”** Baseball “save“: the successful maintenance of a lead by a relief pitcher, usually the closer, until the end of the game. –Wikipedia Wanna know why, even though some of baseball’s all-time great pitchers date back more than 50 years (think, Sandy Koufax, Bob Gibson, Tom Seaver, et al), all the...Read More
