neighborhood were selling for between $1,450,000 and $1,700,000.
“In hindsight, I felt that I’d been negotiating against three people—the buyer, his agent, and my own agent,” said the seller. This is no way for a seller to feel.
Preclosing Error: Large Bank Deposit Causing Delay
A woman buying a seller’s home deposited $8,000 in cash into her checking account three days before closing. Her father had given her money to buy new furniture and appliances for the house. Their mortgage company checked balances the day before funding the loan and the deposit was “dinged,” as it required a gift letter. Unfortunately, her father had just gone to the Upper Peninsula of Michigan for a 10-day hunting/fishing trip and no one could reach him. This delayed the closing by two weeks.
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