Do you go to closings? I've talked with different people and everyone has a different opinion on whether or not they attended closings.
I've talked with different people and everyone has a different opinion on whether or not they attended closings.
[{"id": "gsay2oj", "text": "Never. They are usually mail away closings anyway.", "replies": [], "depth": 1}, {"id": "gsay8fi", "text": "I\u2019m not sure I understand the question, where exactly are you going?", "replies": [{"id": "gsaym86", "text": "For in town deals, the title company. I've only been to 1, at rhe request of the seller. And there was a dispute over a few $1,000 and the buyer and seller wanted me to take a haircut on my commission. They worked it out.", "replies": [{"id": "gsaz5u8", "text": "I\u2019ve never had a buyer or seller show up to the title agency, but I guess if they asked or just wanted too, why not?", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "gsayqtv", "text": "I always do, I get my check then and there.", "replies": [], "depth": 1}, {"id": "gsb1cw9", "text": "I always do, though we\u2019re local and mostly do deals in the area. I do it just in case something odd pops up, I can be on top of it (I\u2019ve had all sorts of little last minute delays happen and being there has typically helped keep things on track). Also, as someone else said, so I can get my check then and there.\n\nMy big rule with closings is to avoid buyer and seller being there at the same time. Too many stupid things can be said to cause unnecessary last minute headaches...", "replies": [{"id": "gsb1iya", "text": "I commented before but the only one I've been two the buyer and seller were both there and asked me to reduce my commission over a few $1000 in electrical bills outstanding.", "replies": [{"id": "gsb24y0", "text": "Haha, yeah, that sounds about right!", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "gsb2siy", "text": "I do acquisitions for CRE. Our principal never goes, signs everything ahead of time. I have gone to one before because I knew the seller's principal would be there but generally I don't go either.\n\n&amp;#x200B;\n\nEDIT: Just realized you're an agent. I have never heard of an agent attending a closing. No idea why they would.", "replies": [{"id": "gscuwu0", "text": "It depends on your client. Some clients prefer to have the agent when they sign the documents and some documents are not produced that much ahead of time.", "replies": [{"id": "gsugba6", "text": "Not that I think we need to be at closings (I'd prefer not to be tbh but its a service I feel obligated to provide), but when I am I bring the entire closing packet with me to make sure it matches the closing docs provided by title and have my files with contract etc just in case some weird shit happens.  \n\nTBH I spend most of my time bullshitting and shaking hands at the closings I've attended.", "replies": [{"id": "gsuid2w", "text": "When I close, I usually bring my clients to our lawyer firm and we sit with them and we explain paper by paper what and why they are signing each document. It creates a sense of transparency and they feel relieve knowing exactly what they are doing other than \"sign next to this sticker.\"  I never mix the buyer and seller in the same room. Normally we close in one hour or two, but I have had times that I need to have an extension because something happened in the bank. Heck, once I even had to leave the office and hand deliver the documents to the back office. I have seen a lot of things which would have been pretty terrible or simply terrifying for my clients if I had not been there.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "gsb5tal", "text": "I often do. Usually it's because I'm trying to build a relationship with a client that I may want to work with in the future. Occasionally it's just because I enjoyed working with the client and want to grab a beer with them after close.", "replies": [], "depth": 1}, {"id": "gsb7zd4", "text": "Fuck no. If you are at the table and there is a problem, guess who they are going to ask to cover the difference? You.", "replies": [{"id": "gsbc70j", "text": "Happened to me before. I don't go to closings ever because of that.", "replies": [], "depth": 2}, {"id": "gsbkmye", "text": "So true.", "replies": [], "depth": 2}], "depth": 1}, {"id": "gsb82nx", "text": "Ive never been to a closing and didn\u2019t even know that was a thing tbh. I thought it was all just via email to title company.", "replies": [], "depth": 1}, {"id": "gsbbdof", "text": "If it's your clients first big purchase, it's nice to have someone there to hold your hand, if it's a seasoned buyer, no.", "replies": [], "depth": 1}, {"id": "gsbcdk6", "text": "I think it's something everyone should experience at least once.", "replies": [{"id": "gsbe1cr", "text": "The only one I've been to the buyer and seller tried to get me to pick up a few 1,000 in disputes", "replies": [{"id": "gsbeje4", "text": "Right- that\u2019s no fun.  I was thinking as a buyer and/or seller.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "gsbkq6r", "text": "My first day as an agent, one of the proverbs I was taught was \"nothing good can ever come from me attending closing.\" \n\n\nThat said, I went to closing with my aunt when she sold my grandparents' house that she inherited. She appreciated that. The buyers were still awkward tho.", "replies": [], "depth": 1}, {"id": "gsbkxbh", "text": "Out of the hundreds of closings we\u2019ve had, only two were ever in person. And both were bond deals (10 plus years ago). Lawyers stayed in a room until everything was signed and then we went to a closing dinner. Was amazing.", "replies": [], "depth": 1}, {"id": "gsbneuu", "text": "From the title side, there is virtually never an in person closing for commercial. Pre-pandemic, it happened maybe once or twice a year and it was usually when the Seller was elderly. With commercial, you are typically dealing with attorneys and sophisticated parties. Everything is done digitally or through overnight mail.", "replies": [], "depth": 1}, {"id": "gscej55", "text": "\u201cGoing to a closing\u201d is sort of a residential real estate thing, doesn\u2019t really happen in the CRE world, or maybe it does with small CRE transactions in rural places? \n\nMy specialty is closing really complicated CRE transactions obscenely fast, so the morning of closing one of these is like the last 15 minutes before Thanksgiving dinner hits the table, or working air traffic control at La Guardia. It is way too many things happening at once, and those things have to occur in a very specific order or else. I can\u2019t close loans like this if I\u2019m sitting at a conference room desk at the title company.", "replies": [{"id": "gscf22j", "text": "I'd be interested in hearing more about what you do! What kind of complicated deals are you doing?", "replies": [{"id": "gscj47m", "text": "I\u2019ve financed all types of CRE, but my biggest client relationships are with multifamily investors who acquire apartment building portfolios. Pre-Covid, I structured a lot of financing for new construction, adaptive reuse, and substantial rehab sort of situations that needed a mini-perm, bridge, or other type of CRE loan with creative loan terms", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "gsco9go", "text": "Fuckkkkkk no.  Not after my 3rd and it was just glorified tour guides (realtors) bull shitting...  title will always send notary to you. Or bank.", "replies": [], "depth": 1}, {"id": "gsculai", "text": "You can but you don't need to. It is up to you. I prefer to be with my lawyer in case there is something is needed last minute to be signed or corrected. You and your lawyer don't need to be in the same place as the counterpart.", "replies": [], "depth": 1}, {"id": "gsczsov", "text": "In my area if you don\u2019t go to the closing people will you think you don\u2019t care.I am an agent and have never been to a closing without the other agent there either.", "replies": [], "depth": 1}, {"id": "gsd5crw", "text": "Never have. Big deals are complicated with so many pieces needing to be signed, signers all of the country. Everything is signed before hand, overnighted, funds wired - just a congratulations email after funds have hit and been dispersed.", "replies": [], "depth": 1}, {"id": "gsde1ef", "text": "MF broker. 4 years, 60 transactions never been to a single closing.", "replies": [{"id": "gsge16b", "text": "How'd you get in to multi family ? I work industrial and have a lot of clients who are interested. I know it's very competitive. Where would someone wanting to learn start?", "replies": [{"id": "gshjxv4", "text": "Isn\u2019t industrial is a hotter space than MF currently?", "replies": [{"id": "gslb935", "text": "Yeah its pretty busy for sure. I'm not in the big leagues though and trying to find investors has been a challenge.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "gsufvyv", "text": "If my client is attending I would, and have.  That is like &lt;10% of closings for me.  Its typically the older guys who like to do things face to face, or the guys who all know each other already and its like a social thing but you know they get to drag a lawyer, an agent, and title people there while they swing their dicks around.\n\nClosings should really never be in person anymore for any legit reason I am aware of.", "replies": [], "depth": 1}]