In the three short weeks I have been in Houston I have come to realize that in real estate, every day is a new day. My days in the office have been anything but mundane. Not only do you deal with different personalities, but no two transactions seem to ever be the same!With that being said, bumps in the road are likely to arise at some point. While other transactions go on smoothly, I have researched some of the most common things that can go wrong during a real estate transaction.
The top 15 are:
- Buyer Remorse
- Unknown structural issues arise
- SURPRISE! You’ve got MOLD!
- Buyer has been pre-approved- but,wait! Buyer has NO CREDIT!
- WAIT! You can’t take it with you! (appliances, etc…)
- New home is ready and you have to buy, but your home is not sold
- Your house is sold but you cannot find a property to buy
- Buyer’s real estate agent does not show up at settlement
- Your agent or the other agent acts unprofessionally
- Buyer does not bring money in correct form to settlement
- Sellers failed to properly complete repairs
- Lender drops the ball
- Faulty appraisal
- Buyer Converts Auto Lease to Purchase (or, buys a new car!)
- The SELLER decides not to SELL!
Buying or selling a home is exciting, especially when the market is right for it. To minimize the occurrence of the things that sometimes go wrong in real estate sales, selecting the best real estate agent will help you know what to expect and how to deal with these set backs when they arise. Navigate through the home buying and selling process with ease when you work with Ces Guerra at Better Homes and Gardens Gary Greene.
See http://activerain.com/blogsview/4710395/top-10-things-that-can-go-wrong-during-a-real-estate-transaction for more information on things that can go wrong during a real estate transaction.
-Kaylee Monteleone, Intern