How Overcoming Closing Obstacles Can Be SUPRA Easy!
You work hard to get your buyer and seller under contract. In businesses besides real estate, once a contract is signed, it’s pay day. Often in real estate, once the contract is signed, the real work has just begun… and there are obstacles between you and the closing table.Predicting when obstacles will appear and knowing who can give you a boost over obstacles is key to keeping your deals together and done without delay.One predictable obstacle is that VA / FHA lenders will require that well water be tested. Once the sample is captured, it is typically 3-5 business days for a certified lab to return the results. IF there are no contaminants in the sample, on to closing you go. If there ARE contaminants found, remediation of the well or well equipment will be needed, prior to re-testing of the well water. This typically delays closing another 7-19 days.These … Continued
