Buyers From Norway Happy To Finally Close -
Onsker velkommen til din nytt hjem.
This was a tough short sale to negotiate. There were two loans on this property. One of the attorneys we work with referred the short sale to us to list and negotiate the short sale since she does not work on short sale negotiations.
The second was with SLS and they are tough to work on for seconds. In fact, they wanted in the beginning a 40% payoff of the note. We finally settled for about a 28% settlement on the note.
We listed this condo for sale. Then we were contacted by this wonderful couple from Norway. They had flown in to visit with a relative, saw the unit and then we wrote up an offer on our listing for them.
They don't have short sales in Norway. While the explanation of what is a short sale is basic math and simple to understand the process and how long a short sale can take are not even a reasonable person's comprehension much less someone who is not from our country.
We warned the couple that a short sale can take a very long time and what they needed more than the cash they were bringing to buy the condo with was patience and lots of it.
Communicating with the buyers all the way over in Norway was accomplished through email and Skype. We had the closing all set up for an International Closing however the week after we got the approval letter from the lenders, the buyers decided they wanted to fly here to South Florida to attend the closing in person.
So we met them at our attorney's office who was doing the closing and the same attorney who had referred the sellers to us. We stopped off at the flag store on the way to the closing to get a flag of Norway along with a USA flag to welcome them to their winter home here in Florida.
This is going to be their winter home to escape that snow in Norway!
Nestor Gasset and Katerina Gasset- Realtors®, CIPS, ABR, SFR, GRI, REOS
