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!