Donna Flaherty (Douglas Elliman Realty)

Spam prevention
Rainmaker
4,045,240
Richard Weeks
Dallas, TX
REALTOR®, Broker

Have good checklist and procedures in place for transaction management, and use the same title company for both closings.

Jul 08, 2015 08:30 PM
Ambassador
1,581,005
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Richard Weeks nailed this one.

Jul 08, 2015 10:33 PM
Rainmaker
1,640,086
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

We agree with Richard Weeks , however there are do many variables involved.

Jul 08, 2015 10:11 PM
Rainmaker
699,127
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

The title company will make it all work.

Jul 08, 2015 09:46 PM
Rainmaker
1,991,358
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

You should have  the purchase contingent on the sale of her home - and use the same title company - Richard Weeks made great suggestions. 

Jul 08, 2015 09:26 PM
Rainmaker
2,472,794
Captain Wayne - Rowlett Real Estate School
Rowlett Real Estate School - Panama City, FL
Rowlett Real Estate School / Owner and Instructor

Richard pretty much said it all.

Jul 08, 2015 09:06 PM
Rainer
5,180
Donna Flaherty
Douglas Elliman Realty - Islip, NY

In NY I don't control which title company is used.

Jul 09, 2015 05:10 AM
Rainmaker
1,459,627
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Donna Flaherty Anything can happen. Make sure she is covered with a contingency on the new purchase and simultaneous closings.

Jul 08, 2015 11:37 PM
Rainmaker
5,571,923
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I'd make sure the dates for financing are coordinated properly so that she is protected by her mortgage contingency clause if her buyer is denied financing....and make sure your daughter's exposure in the transaction she's buying is not greater than the deposit from the buyer of her home.... if she has not exposure in the deal and her transaction ends up a default, she will have a "wash"....

Jul 08, 2015 10:35 PM
Rainmaker
889,027
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

There is no best way. Every transaction is different.

And in each one there looms the FEAR of becoming homeless.

What you need, Donna, is extreme agility and oversight. Then always have a plan B. There is just too many players, whom you can not control, which could include a rogue inspector, who can sink the deal. Have a plan B that is an actual part of the strategy. That way, the buyer/seller does not perceive the event as the ship going down. Your life will be much more pleasant if you can intercept that drama and quiet the storm.

Jul 08, 2015 10:31 PM