Highlands NC Real Estate, Hurdles and Obstacles
When it comes to Highlands NC real estate there are hurdles and obstacles that can arise along the path to the closing table. While we all want a home sale to occur without a hitch the reality is that things pop up. Some things are easy and others more difficult. Your Highlands NC REALTOR will be invaluable, smoothing out the wrinkles and tackling the tough stuff with you.
What kind of issues can pop up during a Highlands NC real estate transaction?
The most common issues are contingency related. Inspection issues, financing issues, and title issues are not uncommon. Most contracts to purchase a Highlands NC home for sale will have a financing contingency that ensures a buyer is safe if he cannot secure a mortgage. There are times when a borrower falls short. Often this can be cleared up but sometimes it cannot. Another finance related issue can be related to the appraisal. When an appraisal comes in lower than the purchase price a lender will reduce the loan amount. A seller may not budge on price, however.
Many of these issues will require an extension of timing for a purchase contract. This will create the time necessary to clear up problems and set things back on track. More often than not issues can be dealt with. An experienced Highlands NC REALTOR will be extremely helpful dealing with any hurdles and obstacles that arise.
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.