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October 27, 2009

5 Things That Can Ruin a Closing

Filed under: Center City Real Estate — Center City Philadelphia Real Estate Agent @ 11:51 am

1) Buyer buys a new car, or otherwise obligates him or herself financially, between signing of the agreement of sale, and closing.

2) Either party, while NOT attending settlement, sends documents back that have not been witnessed by a notary.

3) Either party, having to bring money to the table to complete the transaction, brings a personal check, and not a certified check.

4) Realtor forgets to either: Bring the escrow check, read the utility meters, neglects to do a walk-through, or doesn’t check to see all obligations on the agreement of sale have been fulfilled-like making sure appliances are still in the house at the time of settlement, etc.

5) Seller neglects to, or just doesn’t give a crap, and fails to complete items on a written punch list. I hate sellers like this. Usually deveoplers. Sleezy-bags.

Through hundreds of closings, Mark will do his best not to ruin the day you close on your favorite Fitler Square condo. Or any Philadelphia condo for that matter! 🙂

Mark Wade
Prudential Fox and Roach REALTORS®
530 Walnut St., Suite 260 Philadelphia, PA 19106

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  1. Great Post!BuyaMortgageNow mortgages by Leader One Financial Corporation offer great rates on second mortgages, home loans, refinancing, debt consolidation, first time home buyers, home equity lines and more for Overland Park.

    Comment by BuyaMortgageNow — October 28, 2009 @ 8:42 am
  2. These are good list why closing deals are sometimes ruined. The worst thing is the fourth one,it must be on the SOP of Realtor not to negligent.

    Comment by houses for sale in pasadena — November 18, 2009 @ 12:17 am

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