Highlands NC Real Estate, Issues Get in Way of Closings
When it comes to Highlands NC real estate there are issues that can get in the way of closings. Some issues are within your control and many are not. As a result, patience can come into play, as can flexibility. Your Highlands NC REALTOR will be a valuable asset, helping you navigate real estate transactions. Whether you are a buyer or a seller, it certainly pays to have a knowledgeable and experienced professional on your side.
Common contractual issues
Every Highlands NC real estate contract will come with contingencies. These are steps and procedures that are required prior to closing. This includes financing, home inspections, and title work among other items. A few of the top issues that cause problems or delays with real estate transactions include problems obtaining financing, appraisal issues, inspection issues, and deed issues.
What do contractual issues mean?
Typically an issue does not require termination of a contract. However, it will often require extensions of a contract to purchase a Highlands NC home for sale. Furthermore, issues may require further negotiation. For example, if an appraisal comes in lower than the agreed-upon price then negotiation will be required. In this instance, a buyer will either come to the table with additional money or negotiate for a lower price. While there is always the potential for a contract falling apart, a transaction can still be held together with work.
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 homes in Highlands NC. 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 “Most Common Obstacles to Closing on Time” from REALTOR Magazine.