Made settlement on Florida house - all done online

[disneysteve]

Settlement for the sale of my cousin's house was yesterday/today. I love that everything could be done online since the buyer is in NY, I'm in NJ, and the house is in FL. I believe she was physically there yesterday, though. There was a final walk through. She then signed all of the papers. They were emailed to me. I printed them out, took them to a local shipping place, had them notarized, and over nighted them back to the attorney. He should have them tomorrow and finalize everything. The notary and shipping cost me $70 which is insignificant and a whole lot cheaper than if I would have had to take off from work and fly down to FL to close in person.

[james.hendrickson]

It must have been a bit bittersweet. One the one hand its good to get the house taken care of, on the other it probably conveys the finality of your relative passing away.

[disneysteve]

It must have been a bit bittersweet. One the one hand its good to get the house taken care of, on the other it probably conveys the finality of your relative passing away.

Selling was definitely hard as it did finalize things in a very concrete way. Especially with me having spent about 6 weeks living in that house over the past three months. I don't think it's totally sunk in yet that we can no longer go back there. We have become friends with some of my cousin's friends and we do intend to visit them from time to time, but we'll have to stay in a hotel nearby. We're actually going to be in Orlando in October and DW already asked if we could take one day and drive down there to see them. It's about 3 hours away so we can make a long day trip of it. We'll leave after breakfast, be there in time for lunch, stay through dinner, and then drive back. There's one couple and one single guy who we want to see so we just have to coordinate with the 3 of them.

On the plus side, the house sold for more than I had projected and the buyer was someone I had excluded from the realtor agreement, so no big commission. My final cut came to $477,203.26. Retirement is getting closer by the day.

[QuarterMillionMan]

Same here, I live in Los Angeles and sold my condominium in Hawaii during the height of the pandemic. Never once did I need to fly to Hawaii. My realtor in Hawaii arranged for a mobile notary in Los Angeles to make a house call to come to me in Los Angeles (I didn't even need to leave home). Everything else documents-wise was done via Docusign. Easy as pie.

[mumof2]

congrats at finally having it almost completed....but also sad that it is no longer in the family...but you have the memories of the house and your uncle...its amazing what we can do these days with technology and how fast....thats a major chunk to add to your retirement

[disneysteve]

thats a major chunk to add to your retirement

Definitely.

We knew we had topped $2 million as soon as he died. Turns out we’ve now also crossed the $3 million mark.

[Drake3287]

Did the same thing when I sold my deceased mothers home during the start of the covid lockdown last year. Surprising how easy it actually is online with DocuSign. I even had a Notary that came to my house. Glad it went well.

[QuarterMillionMan]

DS did your realtor use staging (ie, rental furniture, potted plants, household items, etc) and if so who paid for it and at what cost? What kind of repairs was needed (ie, painting, plumbing, flooring, etc) and how much was it if you don't mind me asking? Did you receive the bills or was it placed in escrow? What was the total cost of repairs if you don't mind me asking?

[disneysteve]

DS did your realtor use staging (ie, rental furniture, potted plants, household items, etc) and if so who paid for it and at what cost? What kind of repairs was needed (ie, painting, plumbing, flooring, etc) and how much was it if you don't mind me asking? Did you receive the bills or was it placed in escrow?

We did nothing. No staging. No repairs. Listed the house on Monday. First showing on Tuesday and she made a cash offer that we accepted.

[mumof2]

Definitely.

We knew we had topped $2 million as soon as he died. Turns out we’ve now also crossed the $3 million mark.

congrats that is awesome...sounds like a great retirement when you decide to retire...

[bjl584]

Definitely.

We knew we had topped $2 million as soon as he died. Turns out we’ve now also crossed the $3 million mark.

congrats on the house sale and on the healthy nest egg
it is the perfect time to sell a piece of real estate

[jenn_jenn]

Congratulations!

[ua_guy]

Despite the tragedy of the situation, I'll bet it feels good to have that behind you.

When we bought our house last year, it was basically done remotely as well. Mobile notaries for all the important stuff, Docusign for everything else. Not quite 100% virtual, but probably as close as it should get!

[disneysteve]

I do wonder why Notary is still a thing. We can transact millions of dollars online but a house requires a notary. Why not DocuSign for that stuff? It would be so much easier and cheaper.

[QuarterMillionMan]

I’m guessing to verify my license matches QMM who I’m supposed to be and not some shmuck making out to be QMM.