There are so many things that can go wrong during a transaction. There are too many to discuss in one video, but today we are going to alert you to some of the most common problems we face during the course of a transaction.
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Whether you are buying or selling, a lot of things can happen to derail a transaction throughout the process. Today we are going to talk about a few of the most common problems we run into, so you know what to avoid when the time comes. Here are a few of the most common problems we run into:
- Income verification failures- when what was stated on the application is not actually what the buyer is bringing in
- Difficulty obtaining verification of rent (we run into this one a lot)
- A surprise seller lien that we don’t know about until closing
These are just a few of the hundreds of things that can go wrong during the course of a real estate transaction. If you have any questions for us about this topic, or about real estate in general, give us a call or send us an email. We look forward to hearing from you!
