Overcoming the Realities of Seller Pre-resolve Challenges

IRKSOME CHALLENGES THAT MAY BECOME A REALITY

• Zillow won’t post your home on the day of launch, leaving you frustrated and anxious about the visibility of your property in a competitive market. This delay can hinder potential buyers from discovering your listing, ultimately affecting the speed and success of your sale.

• The accepted offer will back out prior to inspection, which can be incredibly disheartening after you’ve invested time and energy into the negotiation process. This situation often arises due to buyer’s remorse or unforeseen financial issues, leaving you back at square one and needing to relist your home.

• The P&S (Purchase and Sale Agreement) will be delayed for no good reason, creating unnecessary stress and uncertainty. Such delays can stem from minor paperwork issues or miscommunications, but they can significantly impact your timeline and plans for moving forward.

• The condo building will have a different reserve figure than we thought, which could lead to unexpected financial burdens. If the reserve fund is lower than anticipated, it might indicate potential assessments or repairs that could affect your selling price or the buyer’s willingness to proceed with the purchase.

• The buyers will want money back for something that you’ve lived with for years, such as minor cosmetic issues or maintenance concerns that you deemed insignificant. This demand can feel unreasonable and frustrating, especially when you’ve maintained the property well and view these issues as part of normal wear and tear.

• The appraisal will come in low, which can jeopardize the entire sale if the buyer’s financing is contingent on the appraisal value. A low appraisal may lead to renegotiations or even the buyer walking away, leaving you in a difficult position to either lower your price or seek additional buyers.

• The lender won’t be ready in time, causing delays that can affect your closing date. This situation is particularly frustrating when you are on a tight timeline, as it can disrupt your plans for moving and lead to additional costs or complications.

• The inspector was clueless and tore your house apart, potentially exaggerating issues that may not actually be problematic. An overly critical inspection report can scare off buyers, even if the issues are minor or easily fixable, leading to lost opportunities.

• The buyer doesn’t know why you won’t leave the grill for free at closing, highlighting a disconnect in expectations between you and the buyer. Such misunderstandings can lead to negotiations becoming contentious, as both parties may feel that their requests are reasonable.

• The buyer wants to visit the house with a contractor at 8am…on Saturday! This request can be inconvenient and disruptive, especially if you have other plans or commitments. It can also create tension if you feel that your time is not being respected.

• The property is in a flood plain, which can deter potential buyers due to concerns about insurance costs and future risks. This factor can significantly impact your property's marketability and may require additional disclosures, further complicating the sale process.

• The other side are jerks, which can make negotiations and communications much more challenging. Dealing with difficult buyers or their agents can create a hostile atmosphere, leading to misunderstandings and prolonged discussions that may derail the sale.

• The buyer has lost a job, leading to financial instability that could jeopardize their ability to follow through with the purchase. This situation can create a ripple effect, causing stress and uncertainty as you navigate the potential fallout of a deal that may fall through.

• Is that a cockroach!? Discovering pests during an open house or inspection can be alarming and can scare off potential buyers. Such a discovery might lead to demands for pest control treatments or further inspections, complicating the sale process.

• My inspector isn’t available for another week, which can delay your timeline significantly. This wait can be particularly frustrating if you’re eager to move forward with the sale, as it can push back closing dates and create uncertainty in your plans.

• An attorney will be late with docs, which can cause a domino effect of delays in the closing process. Timely documentation is crucial for a smooth transaction, and any hiccups in this area can lead to frustration for all parties involved.

• The settlement statement will have an error, potentially complicating the final steps of the sale. Errors in financial documents can lead to confusion, mistrust, and delays as corrections are made, causing stress as you approach closing.

• The buyers won’t be ready to close and you’ll have moved, leaving you in a precarious situation. This scenario can lead to financial strain if you’ve already committed to your next home and are now faced with unexpected housing costs.

• Your movers will not be on time, adding another layer of stress to an already hectic situation. Delays in moving can disrupt your schedule and create logistical challenges as you attempt to coordinate with closing timelines and other commitments.

• The smoke/carbon inspection goes awry, potentially revealing issues that need immediate attention. Such findings can lead to further inspections or costly repairs, which can be a significant setback in the selling process.