Last week’s Tip discussed the general stress involved with real estate closings, and suggested that instead of blaming someone, let’s work together to solve any problems. In other words—working together to create a solution is better than pointing fingers. We all want a successful closing.
This week’s observation is to promote communication between all the parties involved in the closing (client, realtor, lender, settlement attorney, etc). In order to help eliminate the stress and last minute problems with a closing, let’s attempt to better communicate between all the parties involved.
This starts with advising our clients (buyers and sellers) of the potential problems and difficulties they may face in the closing. Let them know that if one of these problems occur, all the parties in the transaction will be working and communicating together to fix the problem. As soon as a problem occurs, we all need to immediately begin to discuss creating a solution, not who caused the problem.
All in all, I’m proud of our real estate community, and the professionals involved with it. By continuing to “work together”, not blaming anyone and communicating to resolve any problem, we can help insure that each and every closing is successful.