Sound Off: Routinely overlooked nuances can doom a deal
Given that so much is at stake, it’s easy for buyers and sellers to overlook some significant issues, in spite of disclosure documents that easily challenge the size of a city phone book.
[...] both buyers and sellers need to fully understand the costs involved beyond the agreed upon sales price.
Buyers should anticipate 2-3 percent in closing costs to cover escrow/title fees, homeowners insurance, pro-rated property taxes and loan origination fees, among others.
[...] plan and budget accordingly.
While electronic signatures have streamlined the way we send, sign and receive documents, it’s best to walk through the contract — either in person or via teleconference — as you sign.
Properties that are not introduced to the market in a timely manner, aren’t strategically priced and are not carefully introduced with quality marketing fail to relate to emotions of the intended buyers.
Buyers are encouraged to stay active to be in sync with dynamic conditions and aware of true values.
In order to avoid these and other numerous oversights, both sellers and buyers need to seek professional advice from an active real estate agent who is able to guide their clients efficiently through the complex path of a real estate transaction.
First impressions matter.
Simple oversights that sellers could rectify for little or no money include freshening up the front of their home with a newly painted front door, planting a few flowers either in the ground or in decorative pots, having neatly trimmed shrubs and clearing the sidewalk and entrance of clutter and debris.