Real Estate transactions – whether purchasing or selling – are stressful because there are so many uncertainties…It really is a game of numbers.
People worry: What if my home sells and I cant find another? Will it close – on time? Should I pack now? What if I move out and buy/rent another place & the deal fails? When should I schedule the movers – take time off work? ???
Lets look at some of the ways to make odds of a successful transaction favorable :
- Dependable, competent people are involved in the transaction – a dependable Realtor (s), competent lender, thorough inspector, a good escrow officer.
- Buyers are pre-approved with that competent lender BEFORE an offer is made.
- The home is maintained – if possible, repairs are made BEFORE it is put on the market and an offer is accepted.
- Communication between All parties is frequent and clear.
Even with high odds of a successful Real Estate transaction, deals do sometimes fail… Tragedies can befall one of the parties – people become ill, die, lose a job, etc… Interest rates can rise dramatically within the escrow period and buyers no longer qualify for the loan. Something terrible can happen to the home before closing – fire, flood, lightening, vandalism etc… Bad things can happen, but odds are they won’t.
If the right people are involved, and the right steps taken, odds are that the deal will close, and close on time.