Keep Your Home Sale on the Closing Track
Getting your house under contract is a great first step, but beware…there are five common mistakes often made by sellers which could endanger the eventual closing. To keep your closing on track, be sure you … Don’t ignore contingencies This one is simple: if your contract requires you to do something before the sale, do it, and do a good job of any repairs Fix things that break Remember, there will be a walk-through. If the buyer notices that something has broken since he last saw the house, and it hasn’t been fixed, at the least, he could call for a delay of closing until the repair is made. Even worse, he might lose confidence about your trustworthiness and the condition of the house and he may walk away from the sale. Don’t get lax about deadlines Follow the timelines required in the contract to a “T”. Don’t refuse to negotiate any further Be prepared to listen to requests by the buyer for reasonable price negotiations. Don’t fail to mention liens to your agent and the buyers These things will come up in the title search anyway and could derail the closing. Take care of them up front. Article source: BuyAndSell.HouseLogic.comBy: G. M. Filisko
Published: March 30, 2010