Tony and Suzanne Marriott's Phoenix Arizona Real Estate Blog

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Advice For Sellers - It Should Not Be Decided By Throwing Darts!!

So, it's time to sell your current home.

 

Once a Buyer steps up and makes an offer, a critical component of the signed purchase contract is the "Close of Escrow" date.

 

In Arizona, per "boilerplate" language in the standard contract, a Buyer gets possession of the property at Close of Escrow.

 

Pre-Possession and Post-Possession agreements are highly discouraged due to the risks involved for both parties.

 

The offer presented to the Seller will contain the Buyer's suggested Close of Escrow date.

 

Review it carefully.

 

The "best" day of the week to close is a Thursday.

 

Why?

 

Because there are items that a Buyer commits to do by 3 days prior to Close of Escrow - which makes the preceding Monday their "deadline".

 

Also - if the Close of Escrow is contracted for Thursday, and something "delays" the Buyer's Lender, it could still close on Friday.

 

If planned for Friday and it slips - it won't close until Monday - a 3 day delay!!

 

Where would that leave your moving plans??

 

Don't get caught by a randomly selected Close of Escrow date.

 

And do your best to avoid closing at the end of the month!

 

 

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About the Authors - Updated 2018

If you are considering a Traditional or Short Sale of your home in Phoenix, Scottsdale or any location in Maricopa County Arizona, you owe it to yourself to talk with Haven Express @ Keller Williams Arizona Realty to determine whether Tony and Suzanne Marriott are the best real estate Brokers in the Phoenix and Scottsdale metropolitan area to help you with the Successful Sale of your home.

Tony and Suzanne have personally Listed, Sold and Closed more than a hundred Short Sales with the highest list to close rate in the Phoenix Metro Area!

Tony Marriott - Chief Executive Officer - Haven Express @ Keller Williams Arizona Realty

Suzanne Marriott - Chief Learning Officer - Haven Express @ Keller Williams Arizona Realty

Associate Brokers, REALTORS
Haven Express
Keller Williams Arizona Realty

Comments

This is excellent advice to sellers and agents scheduling the signing of closing papers. I also tried to avoid the last few days of the month when escrow is slammed!

Posted by Carol Williams, Retired Agent / Broker / Property Manager (Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals.) about 3 years ago

This is a very informative post and a great read. Thank you for sharing!

Posted by Jeremy K. Frost, Associate Broker, CNE, CRS, ePro, PSA (Keller Williams Realty) about 3 years ago

 Such perfect spot on information you guys nailed it with this one.  Thanks so  much for your contribution   #floridatolberttea

Posted by Florida Tolbert Team Keller Williams Advantage, Keller Williams Land Division Specialist (Keller Williams Advantage III Realty in Lake Nona) about 3 years ago

Thank you Carol Williams and - thanks for stopping by with a comment!

 

Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (Haven Express @ Keller Williams Arizona Realty) about 3 years ago

You are most welcome Jeremy K. Frost - thanks for stopping by with a comment!

 

Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (Haven Express @ Keller Williams Arizona Realty) about 3 years ago

Thanks for the kind words Kevin B. Tolbert PA Team Keller Williams Realty of Port St Lucie - much appreciated - and - thanks for stopping by with a comment!

 

Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (Haven Express @ Keller Williams Arizona Realty) about 3 years ago

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