For people used to regimented timelines deadlines in other businesses, it can be a shock when buying and selling real estate. It is sort of a "last in time" business for many of the third parties involved, such as mortgage brokers, surveyors, appraisers, title companies.
How long doe sit take to close a deal? As long as it takes. Realtors sometimes forget that we are used to hurdles, stumbling blocks and delays and that it can be traumatic for buyers and sellers who want it done now. Realtors have little control/input in speeding up a third party, other than to have a good relationship with ones that can carry out business in a timely manner.
Unfortunately, you cannot transfer all your prior experiences through telepathy to your client like Mr. Spock on Star Trek. You have to use your fine tuned people skills to keep everything moving forward to the closing table and keep that egg warm until it hatches.
Keller Williams Realty
Always remember, that your clients interest come first and you give them all the information. The clients I respect the most are the ones who can say "no" or willing to cancel a deal. Simply because they understand market conditions and when the deal that is on the table is not good enough to take. There is always another home just like the one you showed, getting into a financial bind or buying a home that is in poor condition can't be easily rectified.
Just to 'pile on' a little.
It dificult, when cuaght in the time warp, to maintian meaningful communications with your client.
Somehow, conveying 'nothing new has happened in 30 days" as progress is unsettling to those whose most expensive investment is on the line.
The most difficult part is keeping anxiety levels as low as possible while keeping everyone focused on the goal...and realizing this is a process with many players and too many with veto power and yes even rogue appraisres and inspectors, but that's getting ahead of the story..
Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, Fl
sound simple but it is very complex and a lot of fun!!
Are we doing Commercial or Residential Real Estate?
Are you on the Seller's Side ....or .....Buyer's Side?
Consider it is Residential:
Now, It Depends on the Local Market
Is it a Seller's Market, Buyer's Market, of Flat Market?
Consider a Seller's Market:
For Sellers--Negotiating Repairs after accepting a contract and the inspection is done.
For Buyers--Negotiating to Get Your Offer Accept FIRST!
Consider a Buyer's Makert:
For Sellers--Not Getting Low-ball Offers and closing on time.
For Buyers--Being able to walk away if the deal is no good AFTER the inspection period.
In any market, negotiations can also extend to CLOSING ON TIME, and making sure the Seller(s) will have their next home secured after closing.