at the behest of their agent. Larger homes in this neighborhood were selling for between $650,000 and $700,000. It is all about the agent that you hire. They need to be able to guide you in the right direction.
Pre-closing Error: Large Bank Deposit Causing Delay
A couple buying a seller’s home deposited $8,000 in cash into their checking account three days before closing. Their father had given them money to buy new furniture and appliances for the house. Their mortgage company checked balances the day before, and it was “dinged,” as it required a gift letter for that $8,000 cash deposit. The father had just gone to Michigan for a fishing trip, and no one could reach him. This delayed the closing by two weeks.
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