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My closing date is May 9 and, after stalking my new home on MLS, I notice that the closing date is listed as June 25.
Weird, huh?
Could it be so that the agent isn't fined if they don't update the record immediately after closing? The June 25 date gives them a buffer to get the record updated.
I'm hoping it doesn't matter. Heck of a typo. It's not that I think I would be forced to close almost 2 months later. It's just that I don't want there to be any confusion on their part.
That's interesting, middle-aged mom. I didn't know that there are regional differences. This is in Virginia.
Last edited by Cali Doll; 04-28-2014 at 01:49 PM..
A proposed closing date is just that. When a purchase contract is written, there is always a proposed closing date. There can be any number of reasons that the actual closing date can be before or after that date. I have had transactions with up to 5 closing date extensions. OP, no need for you to be overly concerned.
Is it a type-o perhaps? "Does it really matter?" is the larger question. What it says in your contract is far more important.
Totally disagree.
The accuracy of the data in the MLS is of huge importance. An agent should know that and help enforce maintaining the accuracy of that data.
This accuracy requirement is part of the reason MLS' have rules for when data must be updated and have stiff fines when those rules are broken, particularly when a sale goes to a closed (sold) status.
The accuracy of the data in the MLS is of huge importance. An agent should know that and help enforce maintaining the accuracy of that data.
This accuracy requirement is part of the reason MLS' have rules for when data must be updated and have stiff fines when those rules are broken, particularly when a sale goes to a closed (sold) status.
The problem is that the transaction hasn't closed yet. Until that happens any potential closing date an agent puts in MLS is just theoretical. It's not data until it becomes a fact. After the property changes hands if you said the closing date in MLS was still wrong that would be a completely different story and I would agree with you. Until that time the closing date is a completely floating date and could be moved forward or backward at a whim.
Almost every builder in the mid-Atlantic is at least 30 days behind on new construction, most 45 - 60 days. I have one that is 4 months behind, due to site excavation and lot finishing by the developer - that is the exception, their schedule was already aggressive by assuming a 2012/2013-like winter. Add to that Washington Gas, Dominion and Novec are all behind....and then the county inspectors are backed up. We are now paying for all those no work snow days in a big way.
Every builder's contract is written in their favor in regards to delivery. Do yourself and your family a favor and have a go-to place in the event of a delay. Right now, if you are at drywall, you are about 4 -6 weeks out, assuming one area (utility) is not bogged down.
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