Has your experience with the closing of transactions been like Dorothy’s dream in the Wizard of Oz as she skipped through Munchkinland along the yellow brick road? Or, is it more like A Nightmare on Elm Street? You don’t need to experience nightmarish flying monkeys when you close transactions. As in the Wizard of Oz, the keys to a smooth closing are often available during the period between the signing of the letter of intent and wiring of the escrow deposit – it is just knowing where (and when) to look for them.
Erwin Krasnow of Garvey Schubert Barer and Doug Ferber of DEFcom Advisors have written a series of articles exclusively for RBR+TVBR on what can go wrong at the closing and how to “click the ruby slippers” to avoid any problems.