Julie was very helpful, especially in the beginning in preparing the condo for advertising with pictures, early announcements, showings and open house. During the negotiation for brokers’ fees, I felt she advocated more for the buyer’s realtor than for me. Her argument was the buyer is offering $10,000 over asking price. The 3% amounted to $16,050, more than the overbid.
A meeting took place with Julie, Maggie the attorney, and me at Julie’s office on June 29, eight days before my scheduled move. Maggie found a problem with a line of credit at Bylinebank that needed attention. Immediately after the meeting I was told to go there and straighten things out. The banker investigated the matter, asked me questions and determined the agreement had been with the previous owner of the bank, and the line of credit had never been used by my late husband and me. He sent a letter to Maggie stating this.
Eight days later as I was leaving town, heading for Cincinnati, a call came from my daughter in NYC, who said Maggie wants us to go back to Bylinebank because there’s a problem with the line of credit. The same banker was there to assist us and stated the lawyer probably didn’t read the letter he sent 8 days ago, causing us to return to Evanston and have a 2 hour delay.
After the closing on July 14, the transfer of funds to my account became a problem.My ID had to be sent electronically, there were glitches. Julie stepped in after being called for help and vouched for my identity, eliminating the need for an actual ID. I would have appreciated this assistance being offered in advance. This delayed the transfer of $400,000 by a day.
A checklist, including all the steps would have been helpful. I would also suggest the transfer could have been set up at the June 29 meeting.
In closing, become aware of the lack of computer savvy with elderly clients like me.
Janet Larson