Southern Maryland Best Buys

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Close those escrows fast

At quick glance I have had nine of these happen. Each has a story to tell that accompanies it. You go to settlement, period. I always say that I am going to settlement and taking you with me. I mean it. However, there are some huge obstacles along the path so preparation is paramount.

After closing over 2400 real estate transactions, I suggest you close those escrows fast. Anything can happen during an escrow period to stop the sale from closing.

Beware and watch out for these issues and others too -

Seller dies

Seller changes his mind

The house starts on fire

The buyer loses his job

The buyer changes his mind

The price of the home falls lowers

The home floods

The buyers divorce

Title issues surface

Liens surface

Buyer's credit falls lower

Home does not appraise

Home inspection raises issues

and there are more.............................................

 LORI BOWERS

http://www.desertareahousingmarket.com

The Lori Bowers Group

A boutique Real Estate Office, with a full service team to serve all your Real Estate Needs

La Quinta, Palm Desert, Indio, Rancho Mirage, Coachella , Indian Wells and the surrounding Palm Springs Area.

78065 Main St., Suite 107

Old Town La Quinta

La Quinta, CA 92253

Phone: (760)777-8788 • Fax: (760)771-5355

_________________________________________________________________________________

 
You'll "Retrieve Golden Results" with Cheryl Ritchie, RE/MAX Leading Edge, for all your Southern Maryland and Anne Arundel County Real Estate Services.
 
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Comment balloon 4 commentsCheryl Ritchie • January 26 2013 03:14AM

Comments

I agree 100%..close everything while you can!! Anything can happen and delay is rarely a good thing!!

Posted by Paddy Deighan JD PhD, Paddy Deighan J.D. Ph.D (TimeshareLawyers.pro) almost 6 years ago

There are indeed many things that can happen between signing the contract and closing the deal.  With everything, life just happens.

Posted by Cindy Edwards, CRS, GRI, PMN - Northeast Tennessee - 423-677-6677 (RE/MAX Checkmate) almost 6 years ago

Good Morning Cheryl,

Excellent re-blog.  In life, there are things that fall out of our span of control...and they usually occur at the most inopportune time

Posted by C. Lloyd McKenzie, Living Albuquerque almost 6 years ago

Home does not appraise is a common thing for me. . . besides some short sales being declined

Posted by Fernando Herboso - Broker for Maxus Realty Group, 301-246-0001 Serving Maryland, DC and Northern VA (Maxus Realty Group - Broker 301-246-0001) almost 6 years ago

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