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Real Estate Faux Pas: Things that Go Wrong with Real Estate Sales
Cross and Dot those Letters: Document Errors
- It’s a constant battle to remember to check the tiny details and syntax of each and every document we participate in, especial when managing real estate. Imagine making it to the finish line of your buying process, and running into a set back that puts the entire process back for hours, days or even weeks. The smallest error in one of your documents will be treated with serious consideration. Don’t let that happen to you. Take a deep breath, request to see all documents before closing, and slowly review each document. If you come across anything you’re unsure of, stop, make a note, and ask for clarification.
Surprise Last Minute Document Requests
- A last minute request could come from any direction, if you’re not careful. There’s no need to be paranoid. However, do make sure to stay in constant and unclouded communication with your buyer/seller/agent. This way, you can stay aware of your surroundings and ahead of your game. Always consider bringing any unasked for documentation to your signing, just in case.
You’ve got Mold and Other Final Walk Through Discoveries
- It’s a pesky, awful, and nasty problem that haunts homeowners from one house to the next. Sometimes, mold even tracks homeowners down at the last minute. Consider that all essential final walk through; this is the moment where tensions are a bit higher and everyone is on their toes, making sure nothing is wrong. If it’s been a rush job so far, this is where Murphy’s law will surely stop the process. There are a number of ways to keep a last minute surprise from stopping the process. You’ll have to take immediate action, and make sure any member of the decision making team is involved in the response.
- I know, this one might come as a bit of a surprise. We’ve all been caught up in the frenzy of a sale, a fantastical product, or a promising piece of fashion apparel. Sometimes, the same thing happens in real estate. A buyer can get caught up in the moment, or in a bidding war, and forget what they’re looking for in a house in the first place. The best way to avoid this problem is to have open and unclouded communication from the get go. No one want’s to be let down by a canceled contract–take the time to make unclouded decisions in advance, and you won’t regret it.
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