It’s a long way from accepting a contract to selling your home
01/23/2015 | Author: Marty Kramer
You accepted a buyer’s offer on your home? Congratulations! Now put down the champagne. There’s work to be done. Lots of work, if you want the deal to close.
Many sellers are surprised when twists and turns occur during their transactions. The buyer’s inspector may uncover serious problems you didn’t know existed—or maybe not-so-serious problems that still put a wrinkle in the process. The buyer could have difficulty getting financing or might just get cold feet. Those examples barely scratch the surface.
Thankfully, when you hire a Texas REALTOR®, you have a professional working for you who knows how to deal with all the sticky situations that may arise. Texas REALTORS® understand how to get from an accepted contract to a done deal. Then it will be time to pop the cork on that champagne.
Additionally, for things to go well during the transaction, there are also 192 critical steps that need to happen before the home sells. There is also that list.
Here is a short version of the uRL because it appreas that other one isn’t showing up properly on my phone:
http://www.mortgagesbythebay.com/Forms/Types of Turbulence.pdf
i was curious about the list that Greg referenced too…here is what I found: http://www.mortgagesbythebay.com/Forms/Types of Turbulence.pdf
I would love to have the list.
Greg, WOW, I too, would be grateful to you if I could have a copy of that list—I think I have encountered all 88 but can’t remember them!
Examples of just some dicy contract-to-close scenarios REALTOR MartySellsHouses.Com with REMAX has seen include: disputing spouses, unresolved estate and divorce issues, overly picky and unsure buyers, liens, hidden credit issues, and more! Because we bring our experience and creative problem solving to the table, more often than not, we can work around the issues to successful closings for our sellers (and buyers).
Years ago I got a list of 88 things that could possibly go wrong with a transaction, referring to them as “turbulence” as in an airplane ride that the pilot must deal with.
I review these with sellers when I take the listing and again when we get a contract. It helps prepare them and helps them understand the value I bring to a transaction in dealing with these to get a closed transaction.
Leave a Comment
The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.
While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.
Welcome to Advice for Consumers
Browse these posts for tips on buying, selling, and leasing property.
- Property Management
- Business tips
- Governmental Affairs
- In Lehman's Terms
- Land, farm, ranch
- Commercial real estate
texas news technology tech tips selling sellers research renters property management political affairs marketing market news legislative affairs legal faq legal leasing in lehman's terms homebuyers governmental affairs forms disclosure contracts consumers buying buyers advertising