Delays in the Home Closing Process

Collier Swecker video blogs about how buyers and sellers in a real estate transaction need to understand that closing delays often happen, whether they are a few days or just a few hours.  Most home closings happen on time or even early, but with so many different people & companies involved delays do happen. We find that most delays are related to the lender / borrower working on clearing up lender’s underwriters conditions.  Very rarely are delays intentional by any party to a transaction, as everyone involved has an incentive to get to closing as soon as possible. We find that many real estate agents are not explaining to their buyers or seller that delays are possible and ensuring that buyers and sellers have contingency plans in place should there be a delay. If you have any questions or comments email me at Collier@MegaAgents.com, visit my website at www.MegaAgents.com.