The sale of one of my listings closed today. What I hope for at final closing is that everything goes smoothly, that the mood is positive and everyone goes away happy. That’s exactly what happened today. It’s an important time in the lives of the Seller and Buyer. Both are ending a chapter and beginning another one, so you want things to begin or end on a happy note. The key is to get the details worked out well in advance so there’s no pressure on my clients or myself. It’s better than being uptight with lots of last minute loose ends to pull together. If I’ve done my job correctly, then there’s nothing left to do for me except show up, relax and smile.
It’s always interesting to me how every closing has it’s own personality. Most go very smoothly, but sometimes the sale can be a stressful time because of the circumstances. Maybe a job loss, or divorce, or settling an estate….so it’s not always easily done. But still, that’s what I try to do anyway. When a transaction closes, there are literally dozens of things that have to come together at the same time for the event. I do whatever is necessary to step through the process or supply the information needed to the Title Company who coordinates everything for closing.
And if all those details weren’t enough, there’s a new requirement that puts another demand on everyone. Now a Buyer can’t just show up at the closing with a Cashiers Check for their down payment. New laws that took effect July 1st require that these funds be wired to the closing instead if over $10,000. It just means that people have to get their money together a couple days earlier and make sure their bank wires the money with enough time to make it before closing. It’s just my own theory, but I think they changed that law because some of the government agencies just want to know exactly where the money is coming from for a closing. They can’t monitor checks as easily but can tell exactly where a wire comes from.
Oh well… just tell me what I need to do and I’ll get that done too. The sooner I do it, the sooner I can relax.
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