No Surprises on the Day of Closing? Think Again!

My grandkids had gone home. I had shown houses in the afternoon in the cold drizzle. I sat down at my computer with a cup of coffee to warm me and to relax a little as I read some daily blog posts. I skimmed through one that was telling what some of our responsibilities are as Realtors as we work a deal from start to finish. With all due respect to the author, I laughed out loud at the last item on the list: Make sure there are no surprises at the closing table. I consider myself to be a stellar agent, but my first thought was to ask how we could possibly do that. And then my mind started racing, remembering at least a dozen funny and not so funny circumstances that were totally outside of our control that I would consider SURPRISES on the day of closing:

  • The Buyer lost his job on the day of closing
  • One of the parties arrived drunk
  • The Police showed up to arrest the other party
  • The Seller refused to sell their home
  • The Buyer disappeared, never to be found again
  • The Seller died the day of closing
  • The Lender pulled the funds at the closing table
  • The Lender pulled the funds AFTER THEY HAD BEEN DISTRIBUTED
  • Scheduled closing on 9/11/2001
  • Interest rate was 1.5% higher than told the day prior
  • Buyer mentioned the two new cars he had purchased that week
  • House destroyed by fire
  • House knee deep in water at final walk thru
  • Found that Seller was trying to sell his house for the THIRD time that morning

This was just an off-the-top-of-my-head list that immediately came to mind when I thought of the impossibility of assuring that there would be no surprises at the closing table. I could probably think of a dozen more. OF COURSE we do our best to prevent them, but I’m sure we all have war stories that we enjoy sharing. I would LOVE if some of you would like to share some of YOUR stories-from-the-trenches in the Comments.

By Mimi Foster

About the Author

Mimi has received the honor of being voted one of Colorado Springs' Best Realtors five years in a row. With over two decades of experience, she is committed to making the home buying/selling process as easy and enjoyable as possible. Read Full Bio…

Helping buy and sell homes throughout Colorado Springs,
Old Colorado City, Manitou Springs, and surrounding areas

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