A Double-Hitter Day
The best day for a seller is not necessarily closing day despite what you might think. In truth, that day can be downright anticlimactic after waiting for 30, 45, or even 60 days for the much anticipated close of escrow. Home-sellers often have some mixed emotions and a twinge of nostalgia when it’s time to hand over the keys.
No, the best day for a seller is the day the buyer officially removes all contingencies and commits to buying the home. Before that day here in California, buyers can simply change their minds, take back their deposit, and walk away. So once buyers put their money where their mouth is, the seller can relax and celebrate that the house is sold… at least for a few minutes before the packing starts in earnest.
Closing day is not the best day for buyers either– they’ve just had to plunk down a huge amount of cash, commit to a large mortgage, and get ready for a big move-in. They are facing wall-to-wall stress.
The best day for a buyer is definitely the day that they get their offer accepted and know they’ve got the house. It’s a thrill for buyers and a thrill for the agent too.
Yesterday, I scored a double hitter: My seller was most pleased that the buyer released all contingencies, and my buyers got their offer accepted on the house of their dreams. All is well in La La Land.