Saturday, October 8, 2011

Trying to Change the Closing Date


Your buyer is anxious to move up the closing. The lender says that they are ready, the buyer is ready, BUT: This is a short sale or a foreclosure!

What does that mean?

It means that the lender has to approve the HUD 48 hours prior to closing. It means having the HUD perfect. It means waiting for the title to arrive, via courier, to the attorney.

When The Wells Team works with a buyer or seller in this situation we become a second set of attorneys. We check on the status of financing, liens, paperwork from the selling institution, paperwork from the buyer's lender, review of bank addendums, inspections, appraisals, surveys and much more.

Bottom line: There are a lot of moving parts that go into a closing. Foreclosures and/or Short Sales make them that more complicated.

The Wells Team prides themselves on keeping up with their clients closing to the point that we also need law degrees!

When you buy or sell a property, especially a short sale or foreclosure, keep in constant contact with your real estate agent. Also realize that there a lot of moving parts to a closing. Trying to change the date can be done but only if everything comes together perfectly.

The key to a successful closing is keeping to a closing date, keeping in constant contact with your realtor, the closing attorney,and your lender.

A lot of work but well worth it at the end!

Friday, October 7, 2011

Relationships Still Work

We were approached by a company offering an internet lead capture system.

I know that they are great systems but The Wells Team obtains their business the old fashioned way: Personal Realtionships.

We are going to have a successful year despite the tough real estate market. The majority of our business is from personal relationships.

The Wells Team has made it a point to be active in the local community, participate in local organizations, and donate to local groups that need assistance.

I realize this is very basic but, after six years in the business, relationships remain a fundamental part of our success.

A simple concept.

Thursday, October 6, 2011

The Norton Agency Has a New App

The Norton Agency is a local company with its dominant presence in North Georgia. Even though we are local, our company keeps up with the latest technology.

If you go the website below, you will be able to download an app that features The Norton Agency. The app will take you to our website where you can search the latest residential and commercial properties available. You will also see the additional services the company provides including property management, Homeworks, insurance, and our affiliations with closing attorneys and title companies.

http://www.wdun.com/accesswdunapp/

The Norton Agency: Local knowledge with both a national and international presence.