Keeping a Postponed Closing on Track

 

Things don’t Always Go as Planned

If you have ever experienced a closing postponement selling a Tampa Bay home  you understand the level of uncertainty that rises for the Buyer or Seller. The inconvenience is insurmountable. Utilities shut off and turn on dates need to be rescheduled. Moving plans need to be revised. Homeowner’s insurance agent needs to be notified. A place to live may no longer exist. Confidence levels deteriorate and anxiety levels rise. The circumstances arising from a closing postponement are numerous and vary in every occurrence but the havoc on emotions is always guaranteed.

Tampa Bay Florida Closing Postponment – Expect the Unexpected

One way I help stabilize emotions is by setting expectations with the Seller or Buyer at first encounter and being very organized as well as anticipating and reacting to warning signs appropriately. By letting the Seller or Buyer know that things do not always progress exactly as planned and unexpected matters most always develop sets the expectation level to expect the unexpected.  

Clear to Close from the Buyer’s Lender

A typical reason for a Tampa Bay postponed closing rises from not receiving the Clear to Close from the Buyer’s lender in the required timeframe proceeding the scheduled close date. This indicator is usually the banner red flag that the closing may exceed the scheduled date. Should this event occur, experienced and well prepared Agents respond quickly and proactively avoid potential disaster. Both Listing and Buyer Agents should immediately communicate to determine if the closing will in fact be delayed and develop the appropriate recourse so the Seller and Buyer can be best advised of the developing situation and take appropriate action.

Breaking the News to My Seller or Buyer

When breaking the news to Tampa Bay home Sellers or Buyers, I find reminding them that things do not always progress as planned places them in the mindset of receiving unpleasant news they knew could likely occur. I’m always upfront and straightforward, avoiding the blame game and reassuring that the other party does want to close, when that is the case, but the matter at hand must be resolved in order to proceed with closing. Remaining neutral and harnessing my own emotions is an absolute must, although it can prove difficult at times.

Constant Contact with the Seller and Buyer is Crucial  

When a Tampa Bay closing postponment occurs, constant contact with the seller and Buyer during this extended period is crucial. Gaining frequent updates throughout the day and keeping all parties up-to-date with the progression of events as well as providing reassurance even when the status has not changed eases the stress levels. My experience has taught me that organization and frequent communication with all parties are key ingredients to smooth closings and must be multiplied for postponed closings to end in success.

Sally Null – Greater Tampa Bay REALTOR®

I’m a proud member of the Greater Tampa Association of REALTORS®, Florida REALTORS®, and National Association of REALTORS®, as well as the Mid-Florida Regional Multiple Listing Service. These relationships guarantee my Greater Tampa Bay buyer’s immediate access to hundreds of the newest Greater Tampa Bay listings on the market each day while also providing my Greater Tampa Bay seller’s exposure to a huge network of buyers from across the state, country, and globe.

As my customer’s attest, I am a committed and passionate Greater Tampa Bay REALTOR® who prides myself on putting my customer’s priorities above all else. My determination and attention to detail allows my customers to receive first class service with utmost integrity.

Please call or send me an email today so we can discuss how I can best serve your Tampa Bay Florida real estate needs!

Sally Null
Realtor®
CDPE – Certified Distressed Property Expert
KELLER WILLIAMS REALTY
2119 W. Brandon Blvd., #A
Brandon, FL 33511
813.786.5946 – cell
813.684.8400 – fax
sally@sallynull.com

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