Margaret Rome's Blog

head_left_image

Staying Calm Leads To A Smooth Settlement

 

The sellers were ready, the house immaculate.., the buyers were ready, wired funds were received and the Settlement was to start at 11:30 am.


But.....

A call from the title attorney at 7:30 AM with a heads up. “ The electricity is out in our building and it “should” be back on in a couple of hours.”
Those of us in the business know the end of any month is a busy time and close to the end of the year even more so.

The buyer flew in from the west coast late last night, our walkthrough was this morning and his mover scheduled for 1:00 today right after the 11:30 closing.


Our title company is state of the art with all the latest electronic paperless technology.

 

 

When you take a look at this photo...it's easy to understand the lack of electricity.

 

Electric wires

Underground electric wires

 

But without power, the package cannot be printed, the checks can’t be cut. The funds have to be verified. Some of these tasks can be done with our cell phones.

Without good old electricity, there is no lights, no heat (Baltimore temps are in the 30s,) no computers, no cutting checks and no way to make copies for everyone. But our settlement went off with very little delay.

With the creativity of Jeff Margolies and RESE Title company, we were able to move to another building with electricity, quite a few workarounds and we all managed a very happy closing. 

 

With all parties informed each step of the way, it was just a tiny bump in an otherwise smooth transaction.

So thankful for the calmness of everyone including the creative title staff, the lender, the buyers, and my wonderful sellers.

Read this version from our lender John Meussner

And so thankful for the simple beauty of electricity.

 

 

Margaret Rome

 

 Search All Active Listings

 

Sell Your Home With Margaret Rome

Broker-Owner HomeRome Realty 

signature

 

 

Author of Real Estate the Rome Way

mrome@HomeRome.com

410.530.2400

Margaret Rome on Zillow

Comment balloon 15 commentsMargaret Rome, Baltimore Maryland • November 30 2018 01:41AM
Staying Calm Leads To A Smooth Settlement
share
The sellers were ready, the house immaculate.., the buyers were ready, wired funds were received and the Settlement was to start at 11:30 am. But… A call from the title attorney at 7:30 AM with a heads up. “ The electricity is out in our… more
Not An Ordinary Baltimore Condo
share
44 Thomas Craddock Ct Baltimore, County 21208 Grey Rock Flats MLS # MDBC144288 Click to see photos Not an ordinary condo but one of the largest in the Grey Rock community of Pikesville. Great location backing to the Grey Rock Mansion… more
It's Not Too Late… Or Is It?
share
If you hurry there's still time to buy or sell before the end of the year! It's may not be too late but it's cutting mighty close. Thirty-four days including Christmas… that's all that is left of 2018. Will you be able to get one more… more
Grey Rock Condo Is Oh So Bright
share
This GreyRock condo is on the market. Not an ordinary condo but one of the largest in the Grey Rock community of Pikesville. Over 1800 square feet, it's like living in a great big bright sun-room. So many windows and all with views to watch the… more
The Best Assistant… Love My SIRI
share
There was a post written by Carol Williams about delayed text messages The iPhone can do a lot of things but maybe a bit different. Guess it's time to check with my assistant. Anything needed I just say : Here are a few simple SIRI commands: … more
In Need Of Baltimore Condos
share
Baltimore Dilemma In need of Baltimore condos… Two bedrooms or two bedrooms with a den, at least 2 full baths, garage parking, doorman and located in Baltimore County. Almost daily I receive a call that goes something like this. We have… more
The Best Thanksgiving
share
It was a beautiful feast, everything made from scratch by our wonderful friends, such gracious hosts who always make us feel it is their honor to have us as guests. It is like a well-orchestrated symphony watching all the gourmet food come to the… more
Word-of Mouth Marketing The Residential Specialist
share
Word-of-Mouth Marketing Donna Shryer wrote a recent article in The Residential Specialist Magazine… Traditionally, word-of-mouth (WOM) involves one person recommending a product or service to another person for no other reason than the… more
Thankful For My HomeRome Team
share
Thankful for my "team" but I am a solopreneur. Some say the only way to be a success is to be the leader of a real estate team. Here is my team! My team members consist of my bookkeeper, my lenders, my title companies, my… more
Ask A Question. Get Many Answers
share
Yesterday I posted a question on our Q&A site. It was a question from one of my clients whose home I sold five years ago. She is now ready to sell her current home and is asking… How long to keep documents from that previous sale? Checking… more