4 Ways to Keep Your Closing Process Moving By Joe Szabo, Scottsdale Real Estate Team
Have your agent watch for problems
Once a property is under contract, the buyer’s agent should check in with all parties at least twice per week, if not more. Because a good agent has completed so many transactions, they know to be on the lookout for any transactional surprises or changes. Both the buyer’s and seller’s agents should identify potential problems before they happen, and put a plan in place to solve them.Keep lenders in the loop
Buyers should check in with their lender regularly. Today banks require so much paperwork — and sometimes need the same information over and over. If your mortgage professional asks for follow-up documentation, get it to her right away. If one document — or even one signature — is missing, it can hold up the closing. What’s worse is if you have a rate locked and a delay occurs. You could lose your rate and be forced to re-lock at a higher rate, not to mention delay the seller — and potentially their purchase.Beware last-minute seller surprises
Sellers can sometimes cause bumps in the road by not being able to move out in time, or failing to make the agreed-on fixes. If the seller agrees to make repairs prior to closing, put a deadline on those repairs. No matter how big or small the fix, you don’t want to show up at the walk-through to see the seller doing the work. Ask for the work to be completed a week before the closing, and put it in writing. It’s common for buyers to be unsatisfied with repairs when the seller is done. If you leave time for any follow-up on the repair work, you can avoid delays.Keep your finances stable
Buyers obtaining financing should not make any major changes before closing. The littlest change can affect your ability to close. If you purchase a car or apply for a new credit card between the time you sign a contract and close, that debt will affect your loan. If you change jobs, you could lose the loan or delay your purchase. Nine times out of ten, delays can be avoided by planning. Staying on top of all parties and aspects of the transaction should assure an on-time closing. Once in a great while, something comes out of left field, and no planning could have prevented it. When that happens, notify all parties and tackle the problem head-on as soon as possible. Please note that this Scottsdale Real Estate Blog is for informational purposes and not intended to take the place of a licensed Scottsdale Real Estate Agent. The Szabo Group offers first class real estate services to clients in the Scottsdale Greater Phoenix Metropolitan Area in the buying and selling of Luxury homes in Arizona. Award winning Realtors and Re/MAX top producers and best real estate agent for Luxury Homes in Scottsdale, The Szabo group delivers experience, knowledge, dedication and proven results. Contact Joe Szabo at 480.688.2020, info@ScottsdaleRealEstateTeam.com or visit www.scottsdalerealestateteam.com to find out more about Scottsdale Homes for Sale and Estates for Sale in Scottsdale and to search the Scottsdale MLS for Scottsdale Home Listings.5 Home Updates for $10,000 or Less By Joe Szabo, Scottsdale Real Estate Team
A classic kitchen
Start by simply refacing those cabinets. At less than half the cost and one-third the time required to replace them, this project is a no-brainer. If you’re aiming for a classic, light and airy feel, then a white color scheme is ideal. After the cabinets, repaint the rest of the space. The simplicity of white-on-white tends to make quite the statement. But if that’s a bit too much white for you, consider a complementary wall color in softer shades of citrus or blue that keep the space bright and friendly. Add some polish by replacing all your hardware, and don’t forget the faucet. Working with a light or white scheme, think brushed nickel for drawer pulls and hardware. If you’re happy with the cabinets you have, an alternate makeover at this budget is an appliance upgrade. Stainless steel is timeless. You can get high-quality equipment that makes cooking an event, and turns your kitchen into a high-tech, high-luxe space without going over budget.Brand new bathroom
Get this makeover moving by replacing that built-in vanity with a standalone that offers a much more personalized and custom look. Here, too, remember that the faucet is key in terms of looks and functionality. Choose a style that sits a little higher above the bowl than the original to add a bit of functional luxury.A new countertop at this scale is very affordable — especially if you can find a remnant — so splurge for some sleek, low-maintenance, solid surface quartz that wears well and cleans easily.
While we’re at the vanity, replace that builder-style mirror clipped to the wall by either covering the entire vanity wall with a seamless, clipless mirror, or hanging one with a frame that fits the space. Finish off your own private hideaway with a fresh coat of paint or wall covering that creates a spa-like feel. Think light and inviting here, with cool pastel shades such as soft green, blue or yellow.