Buyer’s Focus
is Back!
As it goes
each year, the few weeks before and during school start-up divert buyer’s focus
for a short time. Listings see a
dramatic slowdown in showing activity and it can cause some to panic. Have no fear…it is temporary!
Last week was
a busy one…I had three closings. Of
course, nothing can be easy so there where some last minute hurdles to
clear.
For instance,
while doing a final walk through with a buyer we find a Sheriff’s Sale Auction
notice on the front door! Rut ro! I sent it to the listing agent at 9pm the
night before our noon closing, who sent it to the title company who ran it up
to their legal counsel and verified all will be made current at closing and we
got the all clear…whew!
Another one…while
the buyers of my listing where having their final walk through, they noticed
that the refrigerator, washer and dryer that they had asked for in the Purchase
Agreement, and that my clients had signed off on, were not in the home! So at 4:30pm I’m calling my movers…they had
two guys and a truck available at 9am…did I tell you we were closing at
10am! Well, as it turns out it took
longer to move the appliances back to the home than anticipated. The good news is that the buyer’s had sold
their home earlier in the morning but their funds had not come in yet so we couldn't fully close. It’s called a “dry
closing” meaning that all the documents were signed, but the money hasn't actually moved around yet.
One of my
listings accepted an offer last week and will have the inspection soon. On another listing we had an accepted a contingent
offer and that buyer finally sold their home and removed the contingency and is
ready to close next month. Also, from
that listing I received a call off the sign…I showed the home to those buyers
who had an interest but also had a home to sell. So I met with them last week and now have
their home listed for sale and will be able to help them find another home.
Finally, next
month I have a big “Lunch and Learn” at a local company. Along with my mortgage contact, we’ll be
presenting a series in their Financial Wellness program! This will be a great opportunity to educate
and, while it’s not the main goal, typically you pick up some new business as
well…icing on the cake!
Looking for a
home or just want to see what’s out there? Download my App and starting
searching. Click here to download it app.era.com/DMIRISH
From the IBJ: The average rate for 30-year mortgages rose from 4.56 percent to 4.57 percent for the week ended Aug 14, according to Bankrate.com. The rate for 15-year mortgages fell from 3.62 percent to 3.61 percent.
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