Who Else Wants To Win
Movie Tickets PLUS?"
( A $25 coupon book to admission, popcorn, whatever!)
Take my Trivia Challenge and you could win too!
Guess Who Won Last Month’s Trivia Question? I’m pleased to announce the Grand Prize Winner of last month’s quiz. And the winner is…drum roll please: Virgil Kearney of Spearfish, SD was the first person to correctly answer my quiz question…
Where Was George Washington Sworn In As First President Of The U.S.?
a) Boston b) Philadelphia c) Baltimore d) New York e) Las Vegas
No, it was not Las Vegas! The answer is letter “D.” George Washington, our nation’s first president, was sworn into office in the city of New York. So let’s move on to this month’s trivia question…
How Many Bathrooms Are In The White House?
a) 17 b) 22 c) 11 d) 28 e) 35
Call me right now with your answer and you could win too! 391-7086
Real Estate Corner…
Q. We just received a great offer to purchase our home. Problem is, the prospective purchaser wants to close just three weeks from now. Things are happening so fast, can the buyer really close in three weeks?
A. Yes, the buyer can close in just three weeks, even if the buyer is obtaining financing for the purchase. The loan process can usually be completed in time for the closing; however, your REALTOR® has a very important responsibility to protect you against the following scenario:
Let’s say it’s three days before closing and you’re still waiting for the buyer’s lender to issue final approval on their loan. You’re packing at a feverish rate, the movers are scheduled, utilities are transferred, services will be cancelled in three days, and you’re made all arrangements predicated on the home closing.
On the day before closing you receive a call from your REALTOR® informing you that the processing of the loan will delay closing (or worse yet, the buyers have been declined for financing!). As you can imagine, the financial and emotional consequences of this call are devastating.
To prevent this scenario, your REALTOR® could place the following clause into the purchase contract: “If by (fill in date) seller and seller’s agent have not received documentation of final loan approval from purchaser’s lender for the purchase referenced in the contract, sellers, at their exclusive option, reserve the right to adjust the closing date up to 15 days after such time as documentation of unconditional loan approval is received.” Handling potential problems like this is just one of the reasons why you should be represented by a competent, caring REALTOR®.
THANK YOU
for reading my Service For Life! ® personal newsletter. I wanted to produce a newsletter that has great content and is fun and valuable to you. Your constructive feedback is always welcome.
-Tristan