Hi! It's Lou Brown. With another of my 101 ways for real
estate investors like you to win, close more deals, accelerate your cash flows.
And today's tip is number 40. Now in this series I've been talking about
closing your transaction and how you can make some additional profits when
you're closing the transaction. So this one is, Insist that the closing
company, closing attorney or title company, provide the closing statement to
you at least 24 hours before the closing. This allows you to look for mistakes
and negotiate fees. All right, so here's what typically happens at a closing.
You get to the closing, they kind of look out the door and they see that the
sellers have arrived and the buyers have arrived and then they go back in there
and they actually do the paperwork. Well, we don't allow that anymore. We've
learned that we might be sitting there for hours while they're putting together
the paperwork.
estate investors like you to win, close more deals, accelerate your cash flows.
And today's tip is number 40. Now in this series I've been talking about
closing your transaction and how you can make some additional profits when
you're closing the transaction. So this one is, Insist that the closing
company, closing attorney or title company, provide the closing statement to
you at least 24 hours before the closing. This allows you to look for mistakes
and negotiate fees. All right, so here's what typically happens at a closing.
You get to the closing, they kind of look out the door and they see that the
sellers have arrived and the buyers have arrived and then they go back in there
and they actually do the paperwork. Well, we don't allow that anymore. We've
learned that we might be sitting there for hours while they're putting together
the paperwork.
So what I've done years ago I started doing this is just,
simply telling the closing agent, Hey, I want to see those documents and I say
48 hours, but I'll really take 24 hours before the closing. What I want to do
is review those documents because almost always there's some kind of mistake on
there and I want you to be careful about that. It's very important. You got to
go over the numbers, do the calculations, do your own calculations, just cause
they calculated. It doesn't mean that the person that typed in the computer
didn't get interrupted or let's just say maybe not the sharpest knife in the
drawer. So let's be really cautious and careful and conscious about that
paperwork, particularly. Asking for it in advance gives you time to look at it,
get back to them, make changes, and then you can solve the problem.
simply telling the closing agent, Hey, I want to see those documents and I say
48 hours, but I'll really take 24 hours before the closing. What I want to do
is review those documents because almost always there's some kind of mistake on
there and I want you to be careful about that. It's very important. You got to
go over the numbers, do the calculations, do your own calculations, just cause
they calculated. It doesn't mean that the person that typed in the computer
didn't get interrupted or let's just say maybe not the sharpest knife in the
drawer. So let's be really cautious and careful and conscious about that
paperwork, particularly. Asking for it in advance gives you time to look at it,
get back to them, make changes, and then you can solve the problem.
Well, I hope this has been a value to you. It's made a
fortune for me in my career and I hope it's made a difference in your business
as well. I'd love to share more of my profitable free tips with you. How can
you get more? Just simply wherever you're seeing this, please like it or love
it or comment on it and subscribe. Share this with your network of friends as
well. Well, thank you. I hope that I will see you again soon. Yeah, baby!
fortune for me in my career and I hope it's made a difference in your business
as well. I'd love to share more of my profitable free tips with you. How can
you get more? Just simply wherever you're seeing this, please like it or love
it or comment on it and subscribe. Share this with your network of friends as
well. Well, thank you. I hope that I will see you again soon. Yeah, baby!
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