even realize it. Pricing errors happen to private sellers all the time. Knowing the home’s true value protects you from settling for less money.
HOME SALE “HORROR STORIES”
Any real estate transaction can go awry. Out of ignorance, mischief, or larceny, issues can arise to complicate selling the home or cost the seller money. Having a real estate professional involved will provide knowledge, dependability, and action.
Pre-closing Error: Buyers Moving in Too Soon
Moving in before closing, also known as "pre-closing possession," can expose both buyers and sellers to significant risks and liabilities. For buyers, there's the danger of assuming costs and responsibilities for a property they don’t yet legally own. If something were to go wrong with the deal—like financing falling through or title issues arising—buyers could face the challenge of moving out or even legal disputes. For sellers, allowing early occupancy creates potential liability for any damages, injuries, or accidents that occur while the buyers are in the home. Additionally, insurance complications can arise since homeowners’ policies may not fully cover non-owners living in the home. Both parties could also face disputes over utilities, repairs, or even property condition. It’s critical for all parties to have a clear, written agreement and consult with legal professionals before considering early occupancy to avoid these potential pitfalls.
Fraudulent Buyers
In today's real estate market, the risk of encountering fraudulent buyers is a growing concern. There were occasions when, later
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