It is common knowledge that the way business is conducted in the real estate arena has drastically changed over the last few years. The difficulties encountered during the home finding process can really test one's mettle.
It starts with attempting to find an available property. It takes time and patience to actually determine if a property is available for sale or not. It should be as simple as looking at an MLS printout but that is not the case. It's an endless game of phone tag during multiple attempts to get the information. And it's frustrating.
If a suitable property is found, it is probably desirable enough to produce multiple bids and then you must compete with other buyers for the property. You can work long and hard on making your "highest and best" offer. In many cases, even after offering more than the list price, the bid is lost and it's back to square one. More frustration!
If you are fortunate enough to go under contract, there are endless numbers of hurdles to overcome. Utilities that must be activated, increased documentation for lenders, and trying to coordinate everyone within the time frames allotted in the contract. It doesn't always go as planned, requiring call after call trying to get things done. And it produces more frustration.
And then there is the appraisal crapshoot. No one is ever happy with this part of the process. An appraisal can kill the deal by being too low; disappoint the buyer who thought that they were getting a great deal by coming in at just above the sale price, or throw up a red flag to the lender if it is evaluated too high. This is the one part of the process where you NEVER win and it's frustrating.
And finally, after you get everything done to the point of exhaustion the seller often has a last minute problem clearing the title for property. "Yes, we know your lease is up and that you have to move, but we just need a few more WEEKS!" Is there a word beyond frustrating?
Yet even with all of this stress, we persevere. After all, we are professionals and this is what we do. And we will work hard until the job is done.
It's all we can do!
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