A Day in the Life of a Main Line Realtor® – Part 10
Ahh, summer on the Main Line—such a different place! On weekends, many folks are gone “down the shore,” as we say it here, and many more are away for longer on exciting vacations. The good news is that there is almost no traffic and you can get into any good restaurant without a wait. This is also the time when Main Line Realtors® catch up on things, and I am no exception. I have two clients ready to go to closing with just the details left to handle, like getting utilities turned on and finding a good mover (not an easy task, I assure you). This is the part I really like—getting the keys at the closing and seeing how happy my clients are with their new house!
My third client has just completed the last step toward selling her Main Line home and moving to another state to retire. The last option for her buyer to terminate the transaction was the lender’s letter of commitment, often delivered weeks after the agreement is signed and all inspections are over. This is a vital piece of the deal and one that we take very seriously. When the buyer missed the deadline to deliver it, we were concerned and so was my seller. Although the failure was technically a default, my seller did not want to terminate—she wanted the deal to go through, of course. So it was important to get to the bottom of the problem and get it solved. We did that, but it made for a few anxious moments. The financing part of any Main Line Real Estate deal is no different than in any part of the country—it is key.
It is nice to have some clients ready to close, but that usually means I am looking for the next deal to surface. Fortunately, even though it is a slow summer season here on the Main Line, a friend has a home she needs to sell so we are working on getting that ready. Her parents had lived there for a few years to be nearer to the grandchildren, but now that the children are off to schools far away, they will retire to Florida. This home has an excellent location but is very, very small. The staging will be important to get right, so all of its charm can come through. That will require counselling about “editing” out the excess, over- stuffed or dark furnishings, something that Main Line Realtors® must do with tact and care. It can make a huge difference in the price that is realized, of course, so we try our best to make that goal clear. The seller is savvy as to correct pricing strategies, luckily, so we should see good interest. Even with the slow summer season, I think this house will sell quickly.
Tune in to see if my predictions are correct on this one!