Graham Central Properties

Bad things can happen after a contract is signed by buyers and sellers. When it does, you need to be represented by an honest expert rather than a person in a large organization who has very little knowledge and experience. Some real estate buyers and sellers foolishly believe (1) that a big real estate firm must be better than a smaller firm, and... (2) that a signed contract completes the transaction. The following are but a few of the many bad things which have happened after a contract has been signed. Both buyers and sellers can suffer if the appraisal is less than the contract price. (The lender cannot disclose the contract price to the appraiser.) Both buyers and sellers can suffer if the interest rate goes up without the buyer locking in the interest rate with the lender. Both buyers and sellers can suffer if the buyer does not choose a reputable lender. Buyers can suffer if the inspection discloses major defects which were not listed on the sellers disclosure form, such as a previous fire or a cracked foundation. Buyers can suffer if the survey discloses a flood plain or encroachments. Buyers can suffer if their insurance company discloses a prior major claim for water damages. Buyers can suffer if the title company discloses liens or discrepancies in square footage. Sellers can suffer if they have misrepresented their property to buyers. Sellers can suffer if their real estate agent does not know and prepare for the difference between pre-qualification and pre-approval of buyers. Sellers can suffer if their agent cannot recognize an open-ended and time-consuming contract by clever and ruthless individuals, posing as buyers, attempting to keep sellers property off of the market for months or years. Remember that the Number One Mistake made by sellers is to allow an agent to list their property at an unreasonable price, thereby effectively making that property unmarketable. Please let Kyle Graham, with over a quarter of a century of experience as a realtor, and his agents with Graham Central Properties, ...Read More