Blog

Deal or no deal? Don’t let the buyer or seller stall your sale.

Most buyers and sellers will find that the closing is the most trying part of any sale. It’s a financial process that can take time, loaded with uncertainty, too. In most cases, many buyers and sellers dislike this process because of one common element: delays. Even though delays are inevitable for home purchases, they are not always concrete.

While some delays should be expected because of the many moving parts of a real estate deal, here is what you can do to keep moving your sale forward.

Set up realistic contract dates.

Using an experienced real estate agent is important because of the biggest mistakes an agent can make is setting unrealistic contract dates for the sale. In many cases, it takes anywhere from 45 to 60 days for a closing to occur after an offer on a home is accepted by the buyer. To schedule a closing for any time shorter than that will almost always result in delays.

Eliminate bank appraisal issues.

The bank appraisal process is one of the most important parts of the home buying process, but it is also one of the most common causes of closing delays. If there are issues, a new agreement may need to be written between the lender and the bank. This could take a few days to resolve.

Clear problems with the title.

This happens all too frequently. A home sale can be agreed, and then a title search finds out that the home has some prior liens on it. In turn, this makes the home un-sellable. The only way to avoid this is to ensure the title on the home is clean before moving forward.

Final walk through issues.

The final walk through is the last chance the buyer is going to have to see the home before closing. Therefore, the buyer needs to go over everything in detail. Sometimes the buyer finds a problem that was missed earlier or the seller didn’t complete agreed-upon repairs. Both of these situations can stall closing.

When looking to sell or buy your next home with a real estate agent, choose a local professional. Contact Jenn Blake Real Estate Group at Pacific Sotheby’s International Realty in San Diego, California at 858-663-6788.