Margaret Rome's Blog

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It's Not Over Until...

 You were expecting the lady to sing? Well not this time.

 

In real estate it's not over until we get to final closing and the check has cleared.

 

Getting from an offer to a ratified contract to consummation is where all the work happens. Yep, consummation is the word. It used to be closing or settlement but they all mean the same.

 

contract to closing

 

 

You must have a strong contract to start.

As a listing agent, find out as much as possible about the buyer's agent (how familiar are they with the area) and the buyer...not always easy.

Is financing in place and are they motivated? How long have they been looking? Have they come close to buying other  houses? Have they gotten out of other contracts?

Why is this information helpful? 

Because history tends to repeat itself!

 

If someone wants out of a contract, they will always find a way!

They may be penalized, lose their deposit or get sued. Not to mention the stress and distress this puts on so many others.

Make sure you know what your are doing. Make sure you have an agent who understands the contract and is experienced.

And when it is over... know how to dismount.

 

If you would like to discuss real estate or anything pertaining to buying or selling a home...call Margaret Rome.

 

 

Margaret Rome 410-530-2400

 

 

 

 

 Search All Active Listings

 

Sell Your Home With Margaret Rome

Broker-Owner HomeRome Realty 

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Author of Real Estate the Rome Way

mrome@HomeRome.com

410.530.2400

Margaret Rome on Zillow

Comment balloon 17 commentsMargaret Rome, Baltimore Maryland • January 30 2017 01:21AM
It's Not Over Until…
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You were expecting the lady to sing? Well not this time. In real estate it's not over until we get to final closing and the check has cleared. Getting from an offer to a ratified contract to consummation is where all the work happens. Yep,… more
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