Buying Or Selling Your Home…Strap yourself in!
It might be a bumpy ride, I think I should start every meeting with prospective home buyers and sellers with this sentence. The home buying/selling process has always been complicated but today it seems more so. It’s harder to get qualified for a mortgage, the documents you have to sign at closing are four inches tall. There are more regulations for builders, new building codes come out every year.There are still issues affecting home buyers in neighborhoods where developers went bankrupt back in the real estate market collapse. Now here we are in 2014 in the Triangle and some neighborhoods are selling homes like hot cakes, this puts added pressure on home buyers to move quickly and that can lead to problems.
People Say And Do The Darnedest Things
By far the biggest factor that comes into play when buying or selling a home is people! People are involved in every aspect of buying and selling a home and it is highly likely something could go wrong. So the first thing to remember when buying or selling a home is be prepared for something to go haywire! How’s the saying go …”
“It is your reaction to adversity not the adversity that matters”
What Could Stop You From Moving Into Your New Home
Be flexible when buying or selling a home as there are typically many people involved in the process who will want to do things at different times and speeds. Be open to discussion and negotiating, don’t let emotions get in the way. The goal is to get the house sold so you can move on and the buyers can move in. There are a lots of steps along the way to buying a home and they all have to be in place before the keys are handed over to the buyer. Think of the closing date as a target and aim for the bulls-eye, but be prepared to hit the rings.
The following issues could stop you from closing on your new house…
- Loan not back from underwriting
- Repairs not completed on time.
- Funds not available to close.
- House not finished…new construction.
- House finished but no CO
- Agreed to repairs not completed correctly.
Have A Backup Plan When Buying Or Selling Your Home
This is just a tiny fraction of the many issues that can crop up and delay a closing. And what happens when a closing is delayed? The buyer can’t move into their new house and if they have their possessions in a U-Haul outside the attorneys office that’s not good. So have a Plan B, not all of these are possible I understand, but they could make the process go smoother if things don’t go how you’d like.
- Don’t schedule closings for Friday afternoons.
- Let your employer know you want the day off…but that it could change
- Give yourself enough time to move out of your old house and into the new one.
- Consider using PODS instead of a moving company.
- Stay in contact with the mortgage person and the real estate agent.
- Find out where the nearest hotels are.
Moving Is Stressful Make The Best Of It.
The least stressed movers I’ve seen are people who don’t have to move into their new house right away so if the closing gets moved and it might, they are cool with it. Work with competent professionals and be careful using a recommendation of a family member or a friend without checking their references. Don’t use a real estate agent or a mortgage broker that say they’re the best, speak to someone who has used their services for what you need them for.
Technology Will Only Take Us So Far
There is a lot of technology involved when it comes to buying and selling a home these days. Open houses and flyer boxes have been replaced by virtual tours and High Definition photography. Both viewed increasingly on mobile devices. Electronic signatures now allow documents to be sent, signed and returned in seconds, saving time and money. Sometimes the very technology that speeds up the process can fail, resulting in delays. However even with today’s Internet based world of buying and selling a home the human factor remains the key to a smooth transaction.
I help people sell their homes and help people find their new homes in the following towns, Clayton, Garner, Wendell, Knightdale, Smithfield, Archer Lodge and Raleigh. If I can help you sell your home or help you find a home, calle me David at (919) 601-2268 or email email@example.com