Top Things That Go Wrong in Real Estate Sales
When closing the deal on a real estate sale, a combination of stress and excitement can lead to mistakes being made. Little slip-ups and oversights can cause major delays and frustration when it comes time for closing. Having an idea of what problems you can expect will keep these common errors from happening in your sale as well.
One of the most common mistakes is not reading the details of paperwork closely enough. Even simple errors like typos and the misspelling of names can take hours to correct once the papers have been signed. Catching these errors early will speed along the process.
Another problem to look out for is a money transfer not getting to the seller by the appointed day. This is usually a bank problem, with the delay being on their end. However, you can prevent this from happening by either bringing a check to the closing meeting, or wiring the money to the seller a few days in advance.
One final problem to look out for is the loan documents going missing. If sent by mail to you, there may be inexplicable delays that force an alteration in the deadlines. Keep this from happening by demanding expedited shipping with tracking.
Find more advice and real estate assistance from Terri Ball here.