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Closing At The End Of August? Plan Ahead For Labor Day Weekend.

Aug 7, 2012 | Personal Finance

Labor Day ClosingPlanning to make a late-August purchase closing? Keep an eye on your calendar. The last Friday of this month coincides with Labor Day Weekend, which may make for a complicated, end-of-month closing.

If you’re planning to close on, or around, August 31, 2012, plan ahead. Leaving anything to the proverbial last minute could delay your closing by hours in a best-case scenario, and by days in a worst-case.

This is because Labor Day is among the most popular vacation times of the year in the real estate, title and mortgage industries and, as Labor Day approaches, it’s increasingly hard to resolve “issues” related to settlement — not all parties are readily available for resolution.

A small closing issue, therefore, can spiral into a major one when you can’t reach your attorney; or, when the title company is short-staffed, for example. 

For Massachusetts home buyers currently under contract, and (more…)

Closing At The Start Of September? Watch Out For Labor Day.

Aug 4, 2011 | Personal Finance

Plan ahead for Labor Day closingsHome sales have heated up, according to the National Association of REALTORS®.

More homes are going under contract this summer than went during the winter or spring seasons. Many of these homes are scheduled for late-August/early-September closings.

If your home is among them, plan ahead.

Like for the rest of the U.S. workforce, Labor Day is a popular vacation time in the real estate, title and mortgage industries. Closings come together more slowly when the parties involved are on holiday. In addition, when issues arise, they are often slower to resolve because not everyone is “present”.

Therefore, if you’re under contract to buy or sell your home, or have a refinance in-process with a lender, get proactive with your home and your loan. Finalize your approval as quickly as possible.

Here are some tips to help your loan clear faster: (more…)