Detroit Real Estate

I hope you take this Northville home selling tip to heart because right now patience is the key.  Banks are taking forever to get a mortgage completed.  Some banks and lenders are provided little or no communication with us real estate agents. 

I had a Northville home that I was supposed to be closing on today at 4 pm and I got a surprise email at about 8 pm last night.  The buyers agent was asking for one more piece of paper to be signed the night before closing.  What that tells me is that the loan is not clear to close and it is doubtful that the house will close today.

Sure I could jump up and down and scream.  I can call the mortgage company and yell at them, but it wouldn't do me or you my client a bit of good.  Mortgage companies, lenders, banks are all taking their sweet time to do anything.  We used to get a conventional loan with good credit history and good employment history in about 2 - 3 weeks.   Now with all the double checking they do it takes about 45 days for the average loan to close.

So be patient and if you have to be prepared to sign an extension to the purchase agreement.

How to sell your metro Detroit real estate quicker

How to make your Metro Detroit area home easier to sell

8 Winter home selling tips for selling your Metro Detroit home quicker

50 articles about selling your home and Michigan home selling tips

My quote of the day:

Don't be afraid your life will end; be afraid that it will never begin.
                                                                                                           Grace Hansen