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« Don't worry about hurting your Realtor's feelings. Tell them what you think! | Main | Condominium or Co-op? What's the difference, and which is best for you? »
Monday
Mar212011

Real Estate Closing Disasters, and how to avoid them.

Buying or selling a home is a very emotional experience for many people. Everything can appear to go smoothly  during the negotiations, but  when you go to the closing table, it seems that the Dr. Jekyll /Mr. Hyde buyer or seller comes out. What exactly just happened?

It's either a lack of communication that causes the last minute closing debacles, or quite frankly, it's someone's ego. It  doesn't have to be intentional, and many times it isn't. What may be very important to you is not as important to someone else. When you find out some tidbit of information just prior to the closing, when emotions run high, it's not unreasonable on your part to get upset,  especially when you feel that you should have known something previously. And yes, sometimes, it just feels malicious.

Yes, there are laws in Connecticut about disclosure, and I have found it very rare for something of extreme legal importance not to be disclosed. I'm talking about what was supposed to stay, what was supposed to be gone, what all of a sudden doesn't work, who doesn't have the funds wired into their account, etc. etc.

All the more reason to hire a professional and  experienced real estate agent  to represent you. I have talked to countless buyers and sellers who had purchased a home without the expertise, guidance, and negotiating skills  of a real estate professional,  and they ALL say that they would never go it alone EVER again. Yes, these last minute snags can happen when you are working with an agent, but that agent also acts as an intermediary on your behalf. What can easily blow up a deal without intervention, can be handled quite readily by a competent Realtor. And I just happen to know someone!




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