Closing a real estate deal while you are out of the country
The concept of time. I just know, if I yell at him I will never close this deal and my buyer wants the unit badly, if I don’t yell at him, we won’t close either because we will run out of time. So, what do you do? No, I did not take a valium and call it a day. I actually very calmly tried to explain the situation to the Title agent and desperately tried to make him understand. It is a mail away to the buyer. Buyer is in East Europe; even UPS has sometimes difficulties getting there. So, the overnight might take 2 days to get there, one day for the buyer to sign and get papers notarized and two days for them to get back to us. Makes a total of 5 business days. If we want to close on Friday the paperwork has to go out by Monday at the very latest. The Title agent keeps telling me, No problem once I have the missing information from the seller, I can close in 24 hours. I explained it again and he said, you are right, but not a problem “TRUST ME” I can close in 24 hours. I explained it a third time, same response. I gave up and called my buyer, telling him the story and saying I am at the end of my rope here I have no clue what else I can possibly say, and asking him to call the title agent himself. He did, and was also told, not to worry, it will all work out, “I can close within 24 hours” This is going on for two weeks now, Title agent still wants to close on Friday and it is Wednesday today. Yes, I have tried to call someone else in the company but no answer. My buyer got mad in the fist few days, now he just thinks it is totally hilarious. We are both at a lost of words. So much for “Closing a real estate deal while you are out of the country”
What would you do?
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