Highlands NC Real Estate, Dealing with Issues
Meadows Mountain Realty, answering all of your Highlands NC real estate questions
Dealing with issues is part of buying and selling Highlands NC real estate. While some issues are minor, others can be large. Facing each issue that arises is important if buyers and sellers want to keep a transaction on track. An experienced Highlands NC REALTOR will be invaluable when it comes to navigating a home sale with an eye on arriving at the closing table.
Many issues arise
A contract to purchase a Highlands NC home for sale will include a variety of contingencies. One of these contingencies should be an inspection contingency. Every inspection, no matter how perfect a house appears, will reveal issues. However, this does not mean that the issues will be big issues. An inspection will lead to further negotiation which can include repairs or money at closing for such repairs. While surprises may occur, they can usually be resolved when addressed.
Financial stress
Many Highlands NC real estate contracts will include a finance contingency, which can derail a sale when a buyer does not qualify for a loan. This can result from a buyer’s finances or from a low appraisal. An appraisal is an important part of a purchase and when it comes in lower than the contracted price a lender will want to reduce the loan amount. An issue with the title can also arise. When a title is not clear there are things that must be worked out.
Issues can be resolved
Issues that arise do not require the termination of a contract. However, issues to require resolution. An experienced Highlands NC REALTOR will continue to negotiate to ensure that all conflicts are addressed. When resolution is not possible it can mean the end of a real estate transaction. The important thing is to have a REALTOR who will navigate the process with your best interests in mind.
Learn more about Highlands NC real estate
Contact our team at Berkshire Hathaway HomeServices Meadows Mountain Realty today to learn more about buying and selling Highlands NC homes. We welcome the opportunity to update you on the market while answering all of your questions. Let our knowledge and experience serve as your guide to Highlands NC real estate.
Click here to read “The Top Delays on the Road to the Closing Table” from REALTOR Magazine.