How Can a Home Deal Quickly Go Sour?

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Today we are going to go over 6 different ways a home deal can go straight to hell. A home deal is fragile, and skipping out on one important step of the process could have major consequences down the line. Here’s what you should avoid when buying and selling:

1. A change in credit score. After you’ve gotten a pre-approval, you don’t want your financial situation to change much, because it stresses the entire process out.

2. Problem with inspections. Don’t get spooked by anything having to do with the inspection. Let’s look at the big items and work through those first. Doing this can help the entire process

3. Not getting pre-approved. This is a very important step in the process for two reasons. For one, it shows the seller you’re the right buyer and, secondly, lets you know what houses are in your budget range.

4. Blowing small problems out of proportion. This is where communication really comes into play. It’s a very stressful process, but with open lines of communication, everything is easier.

5. Running out of money. Before you begin the process, you should have an idea of what you need for a down payment, an inspection, and any other costs associated with the buying process. Good communication can help with this as well.

6. Cold feet. There’s not much an agent can do about this except finding out if there is a bigger issue. The normal closing period is 30 to 45 days, so take your time to really think about the decision you’re making.

I hope these tips have been valuable to you and good information for you to think about. If you have any questions, please give us a call or send us an email. We would love to hear from you!

How to Find the Right Home in Northern Texas

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Value Report

When buying in Northern Texas, it's absolutely crucial distinguish what features you want in a home from what features you need.

With over 90% of buyers looking online first, they have a good understanding of what they want in a home. When we work with buyer clients today, we counsel them to look at their current space and ask how they're using that space. We then tell them to envision how they want to use their new space.

People who are moving from an apartment into a home use space much differently than people who have lived in a home for years. Move-up buyers also have special needs for space, as they are looking for more of it for various reasons. You as a buyer need to come up with a list of what's important for your new space.

Once you figure out your space needs, think about the location of the home. How close do you want to be to work? Do you want to live close to a park or in a great school district?

Let your agent know exactly what you're looking for in a house so they can go out and find homes that match that criteria. Once you start looking at homes, your list might change a bit. That's fine -- most buyers change their minds on certain things throughout the process. A good agent will accommodate those changes and help you find the home of your dreams!

It's important to find a home that you love, as the average American lives in their home for nine years. Let us help you find that perfect fit for you! Give us a call or shoot us an email at any time for the real estate assistance you deserve!