Tuesday, February 21, 2012

5 Things That Will Ruin Your Closing

From the Buyer’s perspective 

1. Seller will not allow inspectors inside home in a timely manner.

2. Seller did not own 100% of property as previously disclosed.

3. Seller does not disclose all hidden or unknown defects and they are subsequently discovered.

4. Final inspection on new home does not pass.

5. Seller does not appear for closing and won’t sign papers.

 

From the Sellers perspective 

1. Buyer loses job and can’t complete.

2. Buyer experiences an illness, injury, divorce or other financial setback.

3. Interest rate increases and buyer no longer qualifies.

4. Buyer does not budget for closing costs and down payment.

5. Buyer submits incorrect information to the lender.

 

Posted via email from pamdaniels's posterous

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