Back in August I posted about this home in Burnsville that a client was purchasing using the First Time Homebuyers credit as a driving force in buying their first home – First Time Buyer Credit
The property did close this week after a number of fits and starts with the seller (the bank owner) and the 2 title companies. This home had a closing scheduled for 3 different days that didn’t happen -
- The original closing was scheduled for September 30th at 4pm but the seller (bank) demanded that they have funds in hand by the end of business day since it was the end of the month. Since that wasn’t realistic with a 4pm closing we had to move it
- It wasn’t going to happen then anyway because when we tried to move it to October 2nd the sellers title company couldn’t get the deed package done in time
- Finally, we had everything from the sellers side and picked a closing of Wednesday October 7th at 8am. Then the buyers title company had their computer systems crash late on the 6th and couldn’t print all of the closing documents. We signed what we could at 8am but the buyer had to come back later in the day to finalize the signing and claim the keys
Lesson Learned – be patient when setting your closing and realize that there are things that happen out of the control of your Realtor that can cause the best laid dates to change.
That said, even with all of these changes my buyer was extremely happy to take possession of their first home and has already gotten started on making it their own.