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CHANGE COMING TO REAL ESTATE CLOSINGS

Changes are coming on October 3, 2015 to real estate closing procedures and to the closing forms. These changes will impact buyers and sellers.  Extra time may be necessary between a deal being struck and the closing date in order to meet the new regulations.  Both buyers and sellers will be required to present documents requested in a very timely fashion. Otherwise, closings will be delayed. 

In the past, estimates were given to buyers for their closing costs. Some wiggle room was allowed on those estimates.  Beginning in October, lenders will be accountable to the exact charges listed on the forms presented to buyers in the initial mortgage process and to come within 10% on many of the other charges.  Additionally, there will be no changes allowed to closing documents at the closing table. 

So, everyone involved with closings will have to provide accurate documentation in a timely manner from the get-go in order for closing delays to be avoided.

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    Client Testimonials

     Ed and Agnes Chatelain are extraordinary. They were honest, clear, patient and extremely helpful. We purchased a house with them recently in Dennis Port. They were very helpful in listening to our preferences and helping us find the home that was right for us.Patience: Ed and Agnes gladly showed us the same house many, many times and never ever showed us any pressure. In the end, we decided to not buy that house or even in that year, but we immediately went back to Ed and Agnes when it was time to buy.Process: Ed and Agnes were extremely helpful with all details of the buying process. We were very comfortable with their advice, guidance and ideas.Repeat: If we decide to move on the Cape, we will almost certainly ask Ed and Agnes if they are willing to help us both sell our current home and find a new one. They are a pleasure to work with.Details: There was never a detail that Ed and Agnes didn’t cover. They were persistent in making sure everything was done, correctly, completely and in our own best interests.Fun: Ed and Agnes are both fun to be around. They make what some people find to be a stressful experience – buying a house – quite a pleasure.Recommendation: I searched for and met many Real Estate agents on Cape Cod. My search ended with Ed and Agnes. I would recommend them to anyone.Comfort and Trust: Ed and Agnes are wonderful and kind people. I trust them both completely.Smarts: Ed and Agnes know Real Estate. Ed and Agnes know Cape Cod. They are experts in the field. I recommend them to anyone. 

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