Closing a real estate deal while you are out of the country
The concept of time. I just know, if I yell at him I will never close this deal and my buyer wants the unit badly, if I don't yell at him, we won't close either because we will run out of time. So, what do you do? No, I did not take a valium and call it a day. I actually very calmly tried to explain the situation to the Title agent and desperately tried to make him understand. It is a mail away to the buyer. Buyer is in East Europe; even UPS has sometimes difficulties getting there. So, the overnight might take 2 days to get there, one day for the buyer to sign and get papers notarized and two days for them to get back to us. Makes a total of 5 business days. If we want to close on Friday the paperwork has to go out by Monday at the very latest. The Title agent keeps telling me, No problem once I have the missing information from the seller, I can close in 24 hours. I explained it again and he said, you are right, but not a problem "TRUST ME" I can close in 24 hours. I explained it a third time, same response. I gave up and called my buyer, telling him the story and saying I am at the end of my rope here I have no clue what else I can possibly say, and asking him to call the title agent himself. He did, and was also told, not to worry, it will all work out, "I can close within 24 hours" This is going on for two weeks now, Title agent still wants to close on Friday and it is Wednesday today. Yes, I have tried to call someone else in the company but no answer. My buyer got mad in the fist few days, now he just thinks it is totally hilarious. We are both at a lost of words. So much for "Closing a real estate deal while you are out of the country"
What would you do?
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Anne Hensel ,Real Estate Broker in St. Pete Tampabay
727 410 7777
If you think about buying or selling a house or condo in the Saint Petersburg Tampabay Florida area, please give me a call. Ask me about waterfront homes or condos in St. Pete beach, Treasure Island,Madeira beach, Seminole and other Clearwater Tampabay neighborhoods. Find out what we can do to sell your home or condo and what the value of your property is. Check out great real estate deals or visit condo associations like Seminole Isle.
We also work with Short Sales, bank owned and foreclosures. Find a property or go to my website for more real estate information or simply contact us. 727 409 8706
Sounds like all you can do is wait. Some things are worth the wait.
Hi Anne, Totally frustrating isn't it ? Perhaps having a more responsive closing company next time.
Bill, trust me, I did not pick it. I have a wonderful company here in St. Petersburg that I work with a lot and I love them.
Anne
Nathan, we are still waiting. . . .
Live and learn and find out who is above that person and speak to them or use a better title company to do business with