Southwest Florida Real Estate Blog First time-continued #4
| First time-continued #4 |
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| Written by Greg Snow |
| Sunday, 22 February 2009 14:02 |
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"This is your big debut, its like a dream come true", www.stlyrics.com/songs/s/steelydan is on your mind as you rise on the day scheduled for closing on your home. You have a check off list of where you will go (attorney or title company), how much the certified check needs to be to settle (also from attorney or title company), any other documents (drivers license), and a list to review when you do your final walk through. There might have even been a peek at a early or preliminary HUD-1, www.alta.org/consumer/hud1 , which breaks down all costs associated with the transaction. Inevitably, the early one changes more often than a sixteen year old girl. Now, heading to meet your savy and skilled Realtor for a final walk through of the home before going to sign your name between 15- 88 times on documents whose print is small and language arcane. Let's say the walk through goes smoothly, because if it doesn't (items missing, appliance changed, mailbox gone, pets left in home....) we have a longer story.Gathering up your "stuff", and headed for the final frontier of the deal. You and your agent arrive and wait for the seller to show up. The office is busy and phones are ringing and you are dreaming of sleeping in a new place that evening. Maybe here is where the wagon goes off or nearly off the "cliff". Your lender has mis e-mailed your "closing package" and the Internet decides to take a break today. Seller's agent calls and says he is still attempting to locate the seller. Now the lender has a request for verifying employment for the closing agent to address. A final check of title finds a lien filed last night. Your insurance agent doesn't bind the property correctly. Gopher tortises are found on site with a bald eagle. Maybe the sky decides to fall. The seller shows up but has sellers remorse. Now, not be outdone, you get buyers remorse. It is near 5 o'clock on Friday and the closing agent has 3 kids at day care and if she's late it costs her big money. The tropical storm is now "in the box" (means no insurance being issued). All of a sudden you wake up in your bed in a sweat.... it was just a bad dream about stories you heard with others attempting to purchase a home. Your will be different.. To be continued....
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Lee County Real Estate News
