Should Utilities Be Paid During Short Sale Process in Georgetown, DC?

Some of the pitfalls that clients and homeowners would have while negotiating for a short sale in Georgetown, DC are maintaining the utilities especially when a closing has been extended out a few weeks and utilities have been planned on being switched over to the new homeowner. A delay sometimes becomes inevitable and these delays can become costly to everyone involved in the short sale process. Appraisers are tasked to go back to the property a second or even third time and sometimes even a day before closing.

If the appraiser goes out to the property being sold on short sale in Georgetown, DC and finds out that utilities are no longer on then this can be another extra 3 days coordinating with utility companies and will cause for the appraiser to go back the third or fourth time.

What this can do is push everybody up against the wall because the seller's lender has an approval deadline and everybody has to make that deadline work.

The best you can do is make sure that utilities are on at all times up to a day or 2 after closing.

So if you have a specific situations and are considering a short sale for your property in Georgetown, DC please call 855-835-5473 or email direct at dan@greetingsvirginia.com. Our team of short sale experts in Georgetown, DC will contact you shortly and will help you stop foreclosure.