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Updated over 7 years ago on . Most recent reply

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James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
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What is the easiest deal you have ever done???

James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Posted

So today the other co-founder of Holton-Wise (my business partner John Holton) closed on his new personal home today. This was by far one of the easiest deals I have ever been a part of.

Fellow Realtors & Investors as you know most of the time it feels like you are a tour guide traveling to property after property & when you finally get your offer in it feels like you are Moses parting the Red Sea to get the transaction closed

This deal was the easiest deal of my life. Here is the play by play.

  • Monday 10:30am- John "I want to move into a bigger #house. Put me on an MLS drip for the outer ring suburbs on the westside."
  • Friday 7:00pm- We go play our weekly Racquetball game because you know, calorie counting.
  • Friday 8:00pm- In between games 2 & 3. John shows me a house from the MLS drip John "I like this one, let's go see it tomorrow."
  • Friday 8:06pm- I receive the lockbox code from the listing agent, we can see it tonight if we want.
  • Friday 8:28pm- We arrive at the house.
  • Friday 8:40pm- John "yea, this is good. Lots of wallpaper but I'll renovate it. Submit an As-Is offer."
  • Friday 8:55pm- As-Is offer submitted.
  • Today- Deal closed.

When your buyer has a few hundred deals under their belt its pretty low key.

Realtors or Investors we always have tough deals or at least we talk about the tough ones. Today I want to hear about the easiest ones. Leave the play by play in the comments below. 🏡👇👇👇👇👇👇

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

sounds fun... couple questions.. why would you have to call a listing agent for the lock box code? that seems last century.

@Dan Beaulieu  also closing table is also last century I have not gone to a closing in 20 years.. title company e mails me docs .. unless its a deed I get them to docusign most of it.. I have to train the closers.. In many states now you can even record the deeds electronically.. I just did a sale yesterday in INdy that was all electronic the deed included took me all of 7 minutes to sign and e mail back.. I have a notary in my office so don't even go out for that.

On buys  were no notary is required I just get docs either docusign or if they want then wet signed I print out sign email back .. I call bank wire funds done.. never leave my office at home... you guys have it tough you have to actually drive somewhere to transact.. cuts into your BP time.. Also even if you do want to waste the time to go to a closing ( which rarely happens unless its a buyer with loan docs.)  checks are not handed out at the closing table.. lender wants recording numbers then funds the next day and funds are wired to your account.. I have not received a check for proceeds in forever its all wires.. I wont accept a check.

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