As an experinced Real Estate professional I have seen many things come up that will ruin a deal. I call them deal breakers. Today I will focus on the Buyers. As we all know buyers really hold the power in many cases to a deal being completed. They have very little money into the deal, earnest money. They are sometimes very picky and in today's market they are overloaded with information. Here are some items to consider when working with buyers:
1. Failed to Tell the Truth to the lender on initial loan application. Delay of 1 week to end of contract?
2. Failed to Tell the Truth to the Realtor. Delay of a 1 week to deal breaker. Work only with buyers as Buyer Agents and fully qualify for a loan.
3. Down Payment Not Verified or Not Available. Deal Breaker!!!
4. Finds a Better Deal during the Inspection Period. Deal Breaker!!!
5. Job Changes or Layoffs before Closing. Deal Breaker!!!
6. Gets Spooked about an inspection objection. Deal Breaker !!!
7. Decides at the Last Minute they don't like the house, neighborhood, schools, don't want to pack. Deal Breaker
These are just a few of the highlights of issues that can happen. Always insist on Buyers Agency, and sell your home with a Professional not FSBO. If you are interested in buying a home in Colorado Springs or Selling a home in Colorado Springs, please contact me.
Comments (2)Subscribe to CommentsComment