three acres were zoned for high-density condos. The sellers did not know about the zoning, nor did they know the county was planning to build a new road bordering their property. You can see where this one went. In the end, the sellers were not aware they left $300,000-plus on the table until condo-building began.
WHY SHOULD THIS S ULD THIS STORY MATTER TO YOU?
Do you see how important it is to know the true value of your home? Moral of the story: Anyone can lose money in the real estate market. A seller unfamiliar with the ever-changing market risks selling the home for less than it’s worth or losing a sale because of incorrect pricing at listing. In most cases, sellers never even realize it. Pricing errors happen to private sellers all the time. Knowing the home’s true value protects you from settling for less money.
HOME SALE “HORROR STORIES”
Any real estate transaction can go awry. Out of ignorance, mischief, or larceny, issues can arise to complicate selling the home or cost the seller money. Having a real estate professional involved in the transaction will provide knowledge, expertise, dependability, and proper action.
Pre-closing Error: Buyers Moving in Too Soon
An agent-represented homeowner was selling a vacant house in Commack, NY. An offer was accepted and the buyer signed the contract. While the buyer was in the process of getting a mortgage. The listing agent found out that the buyers were planning on moving in before the date of closing. The listing agent called the selling agent said that the buyers should not have
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