When you are buying or selling a Spring Texas house, your life evolves around the closing date. For weeks you have been coordinating schedules. You set a date for the movers. You lined up a babysitter for the kids. You scheduled time off from work. You called the utility companies to establish service. You are ready to go. You are just waiting on the closing date to arrive.
Then BOOM out of nowhere and just three days before the closing date, your lender says “your loan has not met all of the final loan conditions and we can’t give your loan the clear to close until it does”. Translation – we will not be closing your loan on time. But why is your loan not closing on time? You gave the lender every document he requested as soon as you possibly could. And last week your lender told you everything was on schedule.
As a Spring Texas Realtor, I have heard more excuses from lenders than the kid who forgot his homework. Heck, some of the kid’s excuses are more believable than the ones I receive from the lenders. Lenders will tell you they will do their best to meet your closing date but they will NOT guarantee it.
So what happens, when due to no fault of your own, you can’t meet the closing date? In Spring Texas, the sellers can either agree to extend the real estate contract’s closing date, sue for specific performance, or terminate the contract and receive your earnest money as liquidated damages. The best option for you would be for the sellers to extend the closing date but the sellers do NOT have to extend the closing date. They may be fed up with your lender’s lame excuses and decide to take your earnest money and put their house back on the Spring Texas real estate market.
How many excuses does a lender have for not closing on time? An infinite number – a quantity without end.
Jill was phenomenal during every step of selling my father's home. This process was extremely difficult for me, as... read moreJill was phenomenal during every step of selling my father's home. This process was extremely difficult for me, as my father passed away last year. Jill listened to EVERY story I had, and there were a lot of them! She allowed me to share the memories of the house, which helped me prepare to let it go.
She is very knowledgeable in what to and what not to do in regards to getting the home ready to sell, what to tackle during the negotiation process and she made the closing extremely convenient. She was thoughtful enough to place the "sold" sign on the property a week in advance, to allow me time to process it all.
Paying constant attention to what is happening around your listing is one of JIll's many strengths. Her goal is to get you the most money for your property, and she has different strategies to that end result.
I not only gained a new realtor, but in JIll, I also gained a friend! I will be forever grateful for her through this tough process and I know my Dad would have loved her! "Thanks," will never be enough! read less