{"id":3666,"date":"2012-09-25T13:13:26","date_gmt":"2012-09-25T13:13:26","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=3666"},"modified":"2012-09-25T13:13:26","modified_gmt":"2012-09-25T13:13:26","slug":"how-to-avoid-common-closing-snafus","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/how-to-avoid-common-closing-snafus\/","title":{"rendered":"How to Avoid Common Closing Snafus"},"content":{"rendered":"

How to Avoid Common Closing Snafus<\/h2>\n
\"How<\/a>

How to Avoid Common Closing Snafus<\/p><\/div>\n

Closing<\/strong> delays have reportedly been a rising problem in the real estate industry, from properties not appraising at the agreed upon selling price to financing problems.<\/p>\n

Columnist Dirk Zeller, a real estate author and sales coach, says that documentation and verification is a common sticking point at closing.<\/h3>\n

\u201cLenders [need] to assemble considerable paperwork and complete dozens of documents based on information submitted by the loan applicants,\u201d he writes in a column for Realty Times. \u201cThe document preparation and information verification process takes time. Counsel your buyers that if they fail to submit the required information on a timely basis, or if they turn it in piecemeal and bit-by-bit, delays are certain to result.\u201d<\/p>\n

Repairs can be another sticking point at Closing<\/em>. That\u2019s why Zeller recommends that when agents represent a seller they include in writing that only \u201clender-required repairs\u201d will be completed. This will help prevent buyers from coming back with a long checklist of items that they want repaired.<\/p>\n

\u201c<\/strong>A lender-required note at\u00a0Closing<\/span> usually limits repairs to structural, mechanical, or health and safety issues\u2014with not a word about nicks in a walls or non-matching door knobs,\u201d Zeller writes.<\/p>\n

Source: \u201cAvoiding Closing Derailment<\/a>,\u201d Realty Times (Sept. 24, 2012)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

How to Avoid Common Closing Snafus Closing delays have reportedly been a rising problem in the real estate industry, from properties not appraising at the agreed upon selling price to financing problems. Columnist Dirk Zeller, a real estate author and sales coach, says that documentation and verification is a common sticking point at closing. \u201cLenders … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-3666","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nHow to Avoid Common Closing Snafus - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"description\" content=\"How to Avoid Common Closing Snafus. 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