Lorain County Real Estate Lorain County Real Estate
Find Real Estate Services
Open Houses

About Lorain County Communities
Homeowner News

Financial Tools
About LoCAR

Foreclosure Intervention

Rent vs. Buy

First-Time Homebuyers

Affordability and Stability Plan

Lorain County Real Estate Home
Homeownership News
A REALTOR® Helps Close the Deal

Janet Beane, 2018 President, Lorain County Association of REALTORS®

Janet Beane 2018 LoCAR President
Selling a home can seem like a monumental task … like climbing Mount Everest! Even though, getting a signed contract is a great accomplishment, but that's only half the journey. The typical home sale today involves more than 20 steps after the initial contract is accepted to complete the transaction.

Much of what needs to be done before the closing is the responsibility of appraisers, loan processors, attorneys, and inspectors – one role a REALTOR® plays is to coordinate those responsibilities, helping to ensure that others do their jobs promptly and correctly and that the closing isn't jeopardized.

Many steps – from contract ratification and closing - involve the cooperation of both buyer and seller, and attentive REALTORS® on both sides of the transaction will troubleshoot and keep everyone on track.

When things go wrong, closing can easily fall behind. The following is a list of possible things that could delay a closing from anywhere from 1 to 3 weeks:

-- Buyer submits incorrect information to lender.
-- Source of down payment changes.
-- Escrow fails to notify parties about missing documents.
-- Principals leave town without signing all necessary papers.
-- Unknown defects are discovered in the property.
-- Last-minute liens discovered.
-- Not a clean title.
-- Move-out date changes.
-- Lender decides at the last minute it doesn't approve of the borrower or the property.
-- Lender raises interest rates.
-- Lender requires last minute reappraisal or repairs.
-- Appraisal too low.

REALTORS® have extensive experience in handling problems that may arise during the time between contract and closing; they can anticipate difficulties and address them in time to ensure a smooth settlement for all involved.

Members of the Lorain County Association of REALTORS® care about the community in which they live, work and support. Lorain County offers a wide variety of choices.

The National Association of REALTORS®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.

The Lorain County Association of REALTORS® is one of more than 1,200 local boards and associations of REALTORS® nationwide that comprise the National Association of REALTORS®. The National Association of REALTORS®, “The Voice for Real Estate,” is America’s largest trade association, representing more than one million members involved in all aspects of the residential and commercial real estate industries.

The Lorain County Association of REALTORS® offers a website that provides a complete listing of REALTOR® real estate brokerages in Lorain County, contact information for REALTOR® members, and industry associates. If you are a first time homebuyer or a repeat buyer consider www.MyNewCommunity.net or www.LoCAR.org as a good source for Lorain County REALTOR® information.

REALTOR® is a registered collective membership mark which may be used only by real estate professionals who are members of the National Association of REALTORS® and subscribe to its strict Code of Ethics. Not all real estate sales agents are REALTORS®. All REALTORS® are members of NAR along with their State and Local Associations.

Lorain County
Association of REALTORS®

5321 Meadow Lane Ct. #6
Sheffield Village, OH 44035
Telephone: (440) 328-4210
E-mail: [email protected]
Fair Housing Hotline:
1-800-662-FAIR
Home  |  Find Real Estate Services  |  Open Houses
About Lorain County Communities  |  Homeownership News
Affordable Housing  |  Financial Tools  |  Ethics in Real Estate
First-Time Homebuyers  |  Rent vs. Buy
Powered by Emerge Inc. - Professional Website Development