“Yeah, Those Things, Too” What makes for a great closing? Warm feelings between the Buyer and Seller? For sure. All the “professionals” — the Realtors, closers, and lender — knowing their assigned roles and discharging them well? Absolutely. But what really makes for a great closing is . . . getting the names of not one but two new babysitting...Read More
Deal Hurdles and “Closing Clean-Up” The last couple deals I’ve handled, it’s been a challenge getting everyone on the same page. Strong personalities? Sure. Market conditions? Absolutely. But I actually meant logistics: it’s been a challenge lately getting all the parties to the transaction on the same page — literally. Deal Logistics That’s the case...Read More
How Many Bottles of Champagne at Closing? I was trying to decide how many bottles of champagne to bring to my 3 p.m closing today (it’s an especially big deal). Then I realized that if, God forbid, somebody overindulged and had a “driving incident” afterwards, guess who would be held liable? So, it’s one bottle...Read More
Uptick in Pre-Signings Historically, the closing was when Buyers and Sellers put aside any hard feelings from their long-concluded sales negotiation, and wished each other well (and the Seller explained to the Buyer how that tricky basement light switch worked, amongst other things). Is that tradition a casualty of today’s more contentious housing market? The...Read More
Great(?) Minds Think Alike Realtors know that the end of the month is usually the busiest time for real estate closings. That’s especially true in Spring, and even truer this year because June 30 is the deadline for closing deals struck by April 30 to take advantage of the Buyer tax credits. So, to avoid...Read More