Understanding Buyer Pre Resolve Strategies for Effective Sales

IRKSOME CHALLENGES THAT MAY BECOME A REALITY

• You’ll miss the update on a property listing.

• The sellers will accept an offer before you’ve seen the house.

• The P&S will be delayed for no good reason.

• The condo building will have a different reserve figure than we thought.

• The appraisal will come in low.

• The lender won’t be ready in time.

• You won’t receive your clear to close or final figures until the last minute.

• The seller is being unfair about fixing issues that we believe are dangerous.

• The property is in a flood plain.

• The other side are jerks.

• Your spouse doesn’t like the house anymore.

• Your finances change unexpectedly.

• Our inspector isn’t available for another week.

• An attorney will be late with documents.

• The settlement statement will have an error.

• The sellers won’t have fully moved out.

• The smoke/carbon inspection certificate won’t be available.

• Something attached and not excluded will not be in the house.

• There will be new, extensive scrapes in the floor or wall.

• There is a stain in the floor that you never saw.

• The grass at the house will be high.

• Paint cans and the like will be left behind.

• The tenant refuses to leave.

• Water in the basement or a utility won’t turn on.

Buying a property can be fraught with unexpected challenges. You might miss an update on a listing, or the sellers could accept an offer before you even see the house. Delays can occur with the purchase and sale agreement for no apparent reason, and discrepancies may arise, like a condo's reserve figure being different than expected. Appraisals might come in low, lenders might not be ready in time, and crucial documents or figures might arrive at the last minute. Sellers could be unreasonable about fixing dangerous issues, and the property might be in a flood plain. Personal issues could emerge, such as a spouse changing their mind about the house or sudden financial changes. Logistical problems might include an unavailable inspector, late attorneys, errors in settlement statements, or sellers not fully moving out. Certificates for smoke or carbon inspections might be missing, and items that should remain might be gone. You might find new damages like scrapes or stains, overgrown grass, or leftover paint cans. Tenants might refuse to leave, and there could be water issues in the basement or utilities not turning on.