Do you have any Questions? Be Prepared-5 Things That Can Go Wrong with Your Real Estate Transaction

Be Prepared-5 Things that Can Go Wrong with Your Real Estate Transaction



Be Prepared: 5 Things That Can Go Wrong with Your Real Estate Transaction

 


Buying a home is one of the most exciting times of a person’s life. However, it’s important to realize that any real estate transaction is a very intricate process fraught with many pitfalls along the way. As Lexington, Mass.-based REALTOR® Kristin Brown Orr explains, “Every sale is different, with different buyers, different sellers, and different intermediaries. It's no wonder people find the process so daunting with all of its legalities, documentation, and fine print.”

According to Orr, the more buyers understand the potential problems that can occur when buying a home, the more prepared they will be to protect their interests. To that end, Orr highlights five problems homebuyers need to be aware of…along with potential solutions:

“The concerns listed above may seem gloomy, but it's important to remember that most real estate transactions wrap up smoothly,” says Orr. “Being educated about the potential pitfalls will simply give you a leg up on any problems that may arise. Do your homework and beware of risks. Keep informed in order to safeguard against anything within your control and keep a watchful eye so that if something does go wrong, you can address it immediately and land yourself the home of your dreams.” 

Reprinted with permission from RISMedia. ©2013. All rights reserved.