Residential Real Estate Transactions

• Do you need to close immediately? Are you moving out of town or do you need your sales proceeds right away to complete the purchase of a new home?
• How can you help your buyer to get a mortgage and close quickly?
• How much of a deposit should you require and what amount is fair to agree to accept?
• How soon will you be required to move out? Can you delay the closing if necessary?
• When should you permit the buyers access to the home or allow them to move certain items in prior to the closing? How can you protect yourself? When should you refuse?
• How can you identify and quickly set about resolving or overcoming title issues or encumbrances which could delay the closing of the sale or wreck the deal completely?
• When should you agree to repairs or financial credits and when should you refuse?

Buying A House

• Do you need the proceeds from the sale of an existing home in order to complete the purchase of another? How can you coordinate the sale and purchase without paying two mortgages. Can you get into the new house for clean-up or repairs before closing?
• Are you up against a deadline for vacating your old house or rental unit? Are you being transferred by your company?
• What should you insist be repaired or replaced prior to closing? How should you handle it if the seller will not agree to repairs or credits.
• How can you best deal with your new lender and obtain their full cooperation?
• How can you properly calculate closing costs, tax escrows, pre-paid interest and other expenses in order to minimize cash flow problems and assure sufficient closing funds?