people—the buyer, his agent, and my own agent,” said the seller. This is no way for a seller to feel.
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. The father had just gone to Michigan for a hunting/fishing trip, and no one could reach him. This delayed the closing by two weeks. Also, I always make sure that the buyers have wired their money at least a day in advance. It makes for a long closing when wires are delayed and have not been received before closing. Sometimes the sale has to "close in escrow' meaning both sides sign the papers but the closing isn't final because the wired funds have not been received. This is always disappointing for both the buyers and the sellers.
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