Comparable Home F: $326,000 (New Listing) Comparable Home G: $325,000 (New Listing) Comparable Home H: $319,000 (New Listing)
Tim and Sue now have the highest-priced home in their price range. When buyers compare similar properties, their home stands out as the worst value proposition on the market. Most sellers, like Tim and Sue, do not realize the market can shift so far, so quickly.
HOME SALE “HORROR STORIES”
Any real estate transaction can go off track. Whether due to ignorance, miscommunication, or even outright dishonesty, issues can arise that complicate the selling process. Having a knowledgeable real estate professional involved can give you the security and support you need to navigate these challenges.
PRE-CLOSING ERROR: Buyers Moving in Too Soon
A homeowner represented by an agent was selling her house in a small town in Washington State. She accepted an offer from a buyer, relocated, and was waiting for the transaction to close. The seller discovered that the buyers had begun moving into the home before the closing date. Concerned, she contacted her agent, who then reached out to the buyers’ agent to address the issue. It was made clear that the buyers should not have had possession of the keys and certainly should not have been moving in—there are several legal reasons why this is problematic. Although the buyers were prevented from moving in early, they had already transferred the utilities into their name well before the closing date. The agents collaborated to explain to the buyers
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