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Rainmaker
6,683,513
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Expect settlement delays and more difficulty with back to back settlements until everybody is comfortable with the new procedures.

Sep 27, 2015 06:23 AM
Rainer
230,924
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

closing will take longer. end of story. they were getting longer anyway. cash deals may get more attractive

Sep 27, 2015 04:54 AM
Rainmaker
894,467
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Make sure your buyers and sellers have a plan B if the anticipated closing date is missed.

Sep 27, 2015 04:41 AM
Rainmaker
4,096,244
Richard Weeks
Dallas, TX
REALTOR®, Broker

Live with it, and no more 30 day closing for some times.

Sep 27, 2015 10:21 PM
Rainmaker
853,785
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Going to a class at NVAR this morning. It should be ok.

Sep 27, 2015 08:30 PM
Rainmaker
1,157,535
FN LN
Toronto, ON

It does not apply in Canada.

Sep 27, 2015 05:51 PM
Rainmaker
2,224,167
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

It will all turn out OK. None of us like change, but it happens. 

Sep 27, 2015 04:04 PM
Rainmaker
890,660
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Adam - I think this will be a mess for a while, mostly for the actual home buyers because they will be confused with the new forms and new deadlines.

After a while it will just become business as usual.

Sep 27, 2015 03:53 PM
Ambassador
3,723,075
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

I don't think it's going to be a big deal.  The only thing that will have a less that ideal impact on consumers is that they'll have consequences if they try to switch lenders at the last minute - something I've had a few do.  

Sep 27, 2015 01:28 PM
Rainmaker
1,683,350
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Just another thing to get used to.

Sep 27, 2015 01:01 PM
Rainmaker
5,004,975
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I think we all need to know exactly what the timframes are.  The buyers I took out this weekend HOPEFULLY will write before 10/3! 

Sep 27, 2015 11:14 AM
Rainmaker
5,657,155
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Adam,

Just another hurdle, and this too shall pass.  A

Sep 27, 2015 06:50 AM
Rainmaker
1,395,219
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

A solution in search of a problem, for the most part.  It'll add time as things get started and I predict 6-12 months until it is fully ironed out and it becomes business as usual.  Some lenders are touting the ability to do everything electronically and save the 30 day escrow.  We'll see.  Just get your inspections and credits figured out early!

Sep 27, 2015 06:28 AM
Rainmaker
4,144,107
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

We shall soon see.   

Sep 27, 2015 05:57 AM
Rainmaker
778,695
The Woodland Team of Texas
The Woodland Companies - Austin, TX
Land Specialists

No thoughts on this.

Mar 08, 2019 11:06 AM
Ambassador
5,470,701
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

I seldom think about it.

Sep 19, 2018 08:51 PM
Rainmaker
3,070,134
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

What Roy Kelley said

Aug 06, 2016 10:16 PM