Wednesday, October 05, 2005

More on Murphy's Law when it somes to Real Estate Transactions


Unexpected Showings - Buyers don't operate on your schedule. They may want to see your house at any time of the day or night. Your Realtor will ask you to keep your home in show condition. Talk about Stress?

Inspections - Inspections kill more deals than any other single factor besides overpricing. ALL older homes have some minor and some major problems so address the problems before it becomes a problem. Remember: It is the inspectors job to find problems; That's what he/she gets paid for. So make sure you address the problems on the TDS (Transfer Disclosure Statement). Be honest with the buyers about what you know about your house.

Last Minute Problems That Delay Closing - Service providers, from lenders to inspectors to closing agents, may cause problems. Most of the time they don't mean to. So schedule all steps in the transaction early. Track the transaction with you Realtor so you know which steps have been fulfilled properly. Then be ready to adjust your schedule accordingly. Do not be set in stone on your moving date because in some cases, it's not going to happen.

Lorraine Burns


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