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Rainmaker
4,582,434
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

The one constant is change...those who understand this concept and are able to effectively communicate will be successful.  The others are still asking where to find their MLS books.   

May 22, 2015 02:46 AM
Rainmaker
634,532
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

no change for cash transactions but for financed deals I'm changing our minimum 45 day escrow to "60 days or sooner" and I'm sending the Buyers the new info so they are prepared. Our escrow companies are warning us that less than 60 days is likely to fail to close on time.

May 22, 2015 07:42 AM
Ambassador
3,349,554
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I'll be working closely with my preferred lender, John Meussner on managing these details. 

May 22, 2015 06:31 AM
Rainmaker
3,986,308
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I am working on preparing my buyers for the news whech many will not believe at first.

May 22, 2015 02:16 AM
Rainmaker
1,770,282
John Novak
Keller Williams Realty The Marketplace - Las Vegas, NV
Henderson, Las Vegas and Summerlin Real Estate

Our title companies are holding classes on CFPB. Initally we'll be writing all financed offers for 45-day closes, but as we become familiar with the working of the new rules we'll work that back to 30 days. I think it's inherent on buyer's agents to lay out a timeline for the buyer, listing agent, and lender from the very beginning of the transaction so everyone knows what to expect and when.

May 24, 2015 01:51 PM
Rainmaker
4,319,773
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

William Piotrowski - have buyers prepared for this change, discuss with them. And personally for me, have more deals in escrow so August does not haunt me...

May 22, 2015 02:33 PM
Rainmaker
4,800,132
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I will be writing financing contingency contracts with a 60 day closing minimum and advising my clients about the issues they may face.

May 22, 2015 04:50 AM
Rainmaker
5,583,328
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

our closings are usuall 60 days anyday.....

May 22, 2015 02:28 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Add 15 days, knit one, purl two...

Jan 02, 2018 03:31 AM
Rainmaker
1,683,912
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

I'm playing the wait and see game.  It will take longer to get appraisals, for sure.

May 22, 2015 01:44 PM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I'm taking a class on the changes. I hope to be prepared. If I can't do a 30 days closing that is fine. I will make it work. 

May 22, 2015 01:28 PM
Rainmaker
699,277
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

Maybe in Illinois but not here in Florida.  I just had a buyer who did a 3 day closing.  If the title company can get it together and it's cash, it closes.

May 22, 2015 03:59 AM