Much of the focus of TRID has been on how it’s going to change the real estate game from a business standpoint. But what do your buyers and sellers need to know about the final rule for TRID?
The folks over at Urban Turf, one of DC’s most popular real estate blogs, called us yesterday and asked us to weigh in on the question.
In a nutshell, your buyers and sellers should be prepared to set aside more time for closings, especially in the beginning as the industry gets acclimated. Your buyers and sellers also need to bear in mind how sensitive the closing timeline is and be prompt when asked to provide information about their transaction.
Please take a moment to view the article and share it with your clients. Hopefully it will make the transition, which begins this weekend, a little easier for everyone.