Kathleen Luiten, Kauai Luxury Ocean Home Sales (Resort and Second-Home Specialist)

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Caroline Gerardo
Licensed in 20 states - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

We have already implemented the rule and if escrow/ closing attorney answers our requests upfront on day two, a transaction can close in 12 days (assuming Borrower got everything in upfront and uses email).

I send email and phone the escrow / attorney with the exact numbers and get their numbers as well.

Agents, Realtors, Sellers and Borrowers need to agree in their upfront contract as to who is paying what exact dollar cost. 

I would recommend that listing agents get termite inspection, any warranty costs, any work repair costs such as strapping a waterheater or adding carbon monoxide detectors all together before they accept an offer. For example if you are listing a property that you can see is a "fixer" have those dollar costs in writing.  Help the seller make an exacting decision before  counteroffers...

Apr 16, 2015 07:51 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I'm not sure yet, Kathleen. I will ask the lenders that I work with for their recommendations.

Apr 16, 2015 06:07 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Kathleen - interesting times ahead....

Apr 18, 2015 01:36 AM
William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.

I will not change unless I am forced to

Apr 16, 2015 01:03 PM
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

The recommendation is an additional 2 weeks.

In real English that means add 4 weeks and they still won't be on time.

I'm thinking post closing occupancy by seller is the only real solution to avoiding a great calamity for our buyers and sellers. That is uncommon in Florida, but I suspect that is about to change.

Apr 16, 2015 07:28 AM
Ajay Pandya
e-Merge Real Estate Unlimited - Columbus, OH
Realtor Ajay Pandya

Yes, I did.

Apr 21, 2018 09:29 PM