Second Edition: True Tales of Central Texas Real Estat

As REALTORS, we have to be the conductor orchestrating sometimes dozens of professionals to make a deal close. This includes the precious client, the hopefully precious lender, title company staff, inspectors, appraisers, insurance agents....the list goes on. Did you know that many transaction management check lists involve nearly 30 steps and checkpoints just to get a contract executed? That is just to cover the basics.... and doesn't include anything that the lender has to do!

So, here is an example. I am working with clients right now to purchase a HUD foreclosure. Believe me, the home is awesome...about three years old, great neighborhood, close to an elementary school, on a culdesac....the list goes on and on. Unfortunately the previous family could not maintain the payments. So, it landed in HUD's lap.

That's where the fun begins....the contract itself was simple enough. But then you can look forward to over 50 pages of closing docs that have layers upon layers of "to do" items. Don't you dare miss a signature, misspell something, or miss a date. You'll go to the bottom of the stack! The client only sees maybe less than 10% of the total paperwork, but we see it all! More to follow.....