Chronology of a Successful Transaction

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Real Estate

Chronology of a Successful Transaction; Contract to Closing in 44 Days

116 Fordham Street, Williston Park, NY.

Sunday 12/06: First Showed the subject property.

·       Discussed offer strategy, provided similar comparable property values.

Monday 12/07: 10am: Presented my client’s initial Offer.

·       1pm: Listing agent received multiple offers, requested Best and Final offers.

·       I improved my client’s offer with a Wells Fargo Consolidation, Extension & Modification Agreement (CEMA) consolidating the seller’s Wells Fargo mortgage with the buyer’s mortgage. This increased my client’s offer $5,700 without cost. Experience Required!

·       Offer included the names of my team of experienced professionals and my oversight.

·       Terms: The Seller wanted to close before 2/1, we committed to close January 25, 2021.

·       11pm: Offer Accepted. In an extremely competitive multiple offer situation, we were not the highest price, but presented the most solid offer with the best terms to prevail.

Tuesday 12/08: 10:30am: Home & Termite Inspection completed to buyer’s satisfaction.

·       Retrieved the “Letter in Lieu” of CO from the Williston Park Building Department.

Wednesday 12/09: Upon attorney review and completion of swift, thorough due diligence, the buyer digitally executed the contract & wire transferred the funds remotely to seller’s attorney.

Friday 12/11: Seller signed, Fully Executing the contract.

·       Title Search ordered upon receipt of fully executed contract.

·       Mortgage process began upon receipt of fully executed contract.

12/17: Title Search returned without issue.

12/18: Received mortgage commitment letter from Wells Fargo (25 days before contract date).

12/30: Cleared to close by all parties (could have closed in 19 days).

Sunday 1/24: Final walkthrough completed to the buyer’s satisfaction at 5pm.

Monday 1/25: Closed in 45 minutes at The Diamond Law Group at 11am. 

Congratulations to my Front-Line HERO Clients, Port Washington Fire Department Chief, Brian Waterson​ & NYU Langone Health Medical Assistant Dawn Waterson​! Thank you for your dedication and service! 

Professionals provided by Accredited Buyer’s Broker & Transaction Coordinator, William Bodouva ABR, Coldwell Banker Realty

·       Rich Klein, Esq. Managing Partner at The Diamond Law Group

·       Linda Ressa, Sales Manager, Wells Fargo Home Mortgage

·       Lori McCartney, Senior Vice President at Pro-National Title Agency

·       Blaise Ingrisano, GM at Inspecticore Property Inspection Group

·       Christina Shaw, President of The Shaw Allstate Insurance Agency

·       John Hall, President Hall Lane Moving and Storage

Home Buyers, for results like these, Contact Bill Bodouva Today!

Successfully making Home Buyers, Homeowners, since 1985!

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