Released: December 08, 2007

Home buying: Up pops a higher price tag

Source: Dan Rafter, Washington Post (Free Registration)

Real estate agent Carol Temple vowed not to let her clients lose the sale. But she had to admit that the prospects looked bad: The buyers for her clients’ home showed up at the closing table with a certified check that was $2,000 short of the actual amount they needed to close the deal.

And they did not have the extra money in their bank account to make up the difference.

“Me, the seller, the closing attorney, we all had a sour taste in our mouths because of this. The only ones who seemed oblivious to it were the buyers,” said Temple, an agent with the Arlington office of Coldwell Banker Residential Brokerage.

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