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, dependability, and action.
Preclosing Error: Buyers Moving in Too Soon
Many years ago I had a transaction where the seller moved out just before the home hit the market. Once an offer was accepted, the tentative buyers asked if they could move in early and offered a generous amount of rent for the period they would occupy the home prior to closing. I advised the seller that this probably wasn't a good idea. The seller with good intentions, wanted to be kind to the buyers and didn't see the harm in allowing them to rent. The buyers moved in 3 weeks prior to closing. After a short period of time, the buyers reported a water leak in the upstairs laundry room. The seller still owned the home and was responsible for maintaining the home prior to closing. He contacted a plumber who repaired the leak and a painter who repaired the damaged drywall. This leak cost the seller over a thousand dollars. Shortly after the closing, I saw the buyer's agent who mentioned to me that the buyers were doing to some work in 2nd floor laundry room prior to closing and she believes that is what caused the leak and drywall damage. For this and a variety of reasons, I strongly advise against buyers moving in prior to closing. There are too many things can go wrong and it just isn't worth the risk.
Fraudulent Buyers
A real estate agent was working for sellers whose house had sat
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