And you need an experienced guide
It is with great fondness that I remember the days of putting a New Albany home into contract, and pretty much being assured that Iâ€™d soon be joining the happy Buyer and Seller at the closing. Well, maybe some time in the future those days will return, but for now, its a jungle out there!
Now more than ever, you need an experienced Realtorâ€¦Kate and Tony Thomas, happen to come to mindâ€¦ to help guide you through the jungle from contract to closing.Â Hereâ€™s a few of the hazards that can you can avoid if you have an experienced and intrepid Realtor guide.
â€œMauledâ€ a wild inspection
That great home can look like the money pit depending on whose inspecting it and how the report is interpreted.Â We just had a home where the inspector marked â€œpoor conditionâ€ for an entire gutter and downspout system because one downspout was not connected to the ground drain.Â â€œIf one thing is wrong we mark the entire system as poorâ€ was this inspectorâ€™s answer to our query. Methodology like this is provocative and creates unnecessary fear and concern on the part of the Buyer.
â€œBittenâ€ by appraisal
The Seller and Buyer have agreed upon the price, so itâ€™s a done deal, right?Â Wrong!Â The Appraiser, the bank underwriter and / or the loan officer can scuttle the deal.Â To further undermine the situation, the bank can no longer select the appraiser.Â While this â€œfirewallâ€, helps eliminate the possibly of coercion and collusion between lender and appraiser, the unintended consequences are that you can end up with a appraiser that is completely unfamiliar with the area and valuations.
Mired in transaction â€œquick sandâ€ pits
There are many details touch points (68 in our system) to bring a contract to a successful closing.Â If the Realtor does not have the experience, systems and foresight to avoid the transactional pits, the deal can quickly become mired and sink.
An experienced professional â€œguideâ€ is a must
It doesnâ€™t matter if you are wearing a Buyerâ€™s or Sellerâ€™s hat, a professional Guide is a must.Â Kate & Tony Thomas and New Albany Realty have the experience, systems and support in place to ensure that your trip through the “Jungleâ€ is a successful and safe one.
Until next time,