Whether you are buying or selling a home, everyday life shouldn’t resemble Halloween. A family trip down Nightmare on Elm Street. While there are horror stories, take power to the knowledge of youth! undefined
The Inspection Impasse: You think you find your dream home, but if the inspection reveals a monster of the budget required for the repairs. Be the Hero: Get a pro to inspect the property so that you know the repairs that must be factored into the bid.
The Bidding Boogeyman: It turns into a bidding war as now your proposal gets eaten by a money-rich predator. Be the Hero: Get your mortgage pre-approval in order and make sure your offer is strong by responding promptly
The Appraisal Abyss: you leave the appraisal with your offer lower than it bringing you a financial whirlpool. Be the Hero: Get yourself an appraiser to evaluate the price you want for your house and include an appraisal gap contingency to your offer.
The Disappearing Deal: And at last you are on an accord but suddenly the vendor vanishes without closing the deal. Be the Hero: Engage the services of an honest and reputable agent who screens the sellers from the start and keeps you informed every step of the way.
The Renovation Regret: It is very much likely for you to commence the renovation that eventually you will stumble upon hidden issues – how deep the pit of your budget will be is a big question. Be the Hero: Get the quotes for the services of the contractors, plant for unexpected costs, and give the priority to essential repairs than fancy finishes.
In real estate, life happens, but thanks to preparation and an experienced guide, you can make yours a tale of happy-ever-after! Read up, be curious, and pick an expert whom you would feel your needs are always met by. Add a small dollop of caution and a hefty dose of knowledge, and you will reap the rewards, rather than become a victim of the tale of horror.
EEK! Walking the client through imaginary scenarios like ghost sightings, bizarre neighbors or hidden damages, just gives an extra layer of credibility to the realtor.
Transactions of home can be dreamy enough and sometimes they can even turn into a nightmare for some others. Neither horror stories are lacking in the house of realtor as there is something like them that they have faced but hidden structural issues and neighbors from hell. Nevertheless, future obstacles might still present as these luck/uncertainties traps may be difficult to break through and wins are possible.
Often, the recurrent story in real estate relates to structural problems that already existed and previously hidden. Picture yourself buying your dream house, but receive an unexpected pull down because the house happens to have some leaks, mold, or shaky infrastructure. Home inspectors frequently identify technical faults such as leaking roof or unsafe heating system that may costs the homeowner more than ten thousands dollars for the repairs. In some cases, such deficiencies may make the house unfit for dwelling. To minimize the chances of this extreme case, the advice is to have the premises checked through by a reliable professional before the deal takes place. A home assessment would have discovered any problems that are not visible and would give you the confidence of knowing what a property is worth in terms of the state that it is in.
That other sub-genre of the real estate horrors leads to terrifying neighbours. Consider the case when you relocate into that wonderful house, only to discover that your new neighbors behave like assholes or are rude or even aggressive. Your neighbors are just as annoying as you think, and you will likely get much more distracted when dealing with this kind of stress. Home reality check starts with the next-door people and their environs; getting to feel the living conditions is very important to one’s choices. People who live in the area or visiting these destinations during different times of a day can give you extra real-life experience of what it might be like living there. Lastly the most popular real estate nightmare refuted is to buy a house which is a black hole of money and requires enormous costs.
