Whether you’re a buyer or an agent looking to help your client get to closing day, knowing what not to do is almost as important as knowing what to do! Pay attention to these 3 pre-closing NO-NO’s to make it to the closing table!
3 Pre-Closing NO-NO’s
01. Changing the financial situation – Changing the financial situation involved— whether that’s opening or closing accounts, making a career switch, or changing banks —is a major real estate no-no when looking to close on a deal soon. Even when pre-qualified, any change like this can result in a failure to keep funding.
02. Solo visits to the property before the keys are in-hand – A property doesn’t belong to the buyer until ALL closing paperwork is signed and keys are in hand. Buyers need explicit permission and their agent to come along with them, even the day before closing. Visiting without permission and an agent is legally considered trespassing and can lead to legal ramifications.
Knowing what not to do is almost as important as knowing what to do!
03. Skipping the home inspection – A home inspection isn’t typically required for the sale of a home but for buyers, the cost of a home inspection is worth it because it can reveal expensive issues that may change one’s perspective on purchasing a specific property.
Questions about the buying process? Click here to connect with a Sage & Cedar agent and to schedule a buyer meeting to learn the first steps!