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Tuesday, September 24, 2013

Real Estate Closings Are Taking Longer Than Ever!



It's been a while since my last post. For once I had a summer without projects. That's right, we spent the summer biking, BBQing, and beach sitting. And it was lovely!

Truth be told, our little cottage could use a new roof, and come next spring it will get one. But what's really keeping me in thrall these days are my Carroll Gardens sale and my Jackson Heights purchase.

The sale is in the home stretch. (Ba-dump-bump.)

The buyer has been approved by the board. The bank has all they need. The subletters are moving out when their lease ends at the end of the month. I wish I could tell you that we have a closing date locked in, but we do not.

The buyer has been trying his best to wrangle all the lawyers since his board approval August 28th. Yes - almost a full month of lawyers comparing calendars and shrugging.

What gives?

And my purchase is going even slower. It took two months from my offer date to get all the due diligence documents in. I still don't know what the hold up was. Was it possible it was all due to August vacations?

Then I went into my lawyers office to sign the contract, check in hand, only to find that the seller's lawyer had never sent it!

So I'm heading back tomorrow a second time on my lunch hour -- hoping this is it.

At this rate I am estimating we won't be in the new place until December -- make that January if we run into holidays.

Bah humbug!