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6 Things That Can Delay Your Home Sale in Orange County

Picturing yourself walking away from the closing table with cash in hand? Sellers who list their homes have no guarantee of their home selling. Unfortunately, once you’ve found a buyer and agreed on a purchase price, there is still no guarantee of smooth sailing to the closing table. There are a variety of reasons closings can be delayed. By being forewarned, you can be forearmed for these 6 things that can delay your home sale in Orange County.

Inspection

Unexpected issues found during the inspection of your home for sale in Orange County can cause delays in closing. This is why it pays to hire your own inspector. By facing any undiscovered issues head-on, you can deal with them in the best way for your set of circumstances. You can move forward with repairs or you can prepare ahead of negotiations by understanding the value each issue may have to the buyer, who will want to deduct this amount from the purchase price. 

Appraisal

Appraisers let the lender know that the amount they loan on the mortgage note is secured by the real property, a low appraisal can cause a denial of the loan. Should the appraisal come back with repairs required before the closing can take place, this is another thing that can cause a delay in your home sale in Orange County. 

Credit

While your buyers may have been preapproved for the loan by their lender, sadly circumstances can change after the process of approving the mortgage actually begins. This can delay your home sale in Orange County. Buyers may have a change on their credit report which suddenly makes their qualifying status change as well. One issue may be that they have increased their debt to income ratio, by taking on more credit. 

Title

Any issue that appears during a title search can delay your home sale in Orange County. Usually, the problem is with proving a clear title, due to liens from contractors. It could also be as simple as an error in the public records. Missing heirs can also cause issues should they suddenly come forward. Regrettably, forgeries can create an unclear chain of ownership which can be difficult to resolve. Another issue could arise during the survey process, other surveys than your own could show differing property lines. It’s best to clear any issue prior to listing.

Open Permits

Open building permits on your property, even if the work was finished long ago, can delay your home sale in Orange County. You can simply walk into your county records department and find out ahead of listing your home about any open permits. Remember that patience is a virtue, and you’ll have plenty of chances to practice, due to the red tape you’ll likely encounter in updating your records, this process can take some time.

Deadlines

When you are closing on a real estate transaction, there are deadlines for documents to be submitted that simply cannot be missed. Many of these forms are required legally by either federal or state guidelines, so it’s best to become familiar with these forms and when each is needed, as well as where they should be directed. Should a target date be missed, this can delay your home sale in Orange County. This is a huge responsibility so you’ll want to be certain you stay on top of all the timeline requirements for the paperwork and be sure to beat the clock.

Why wait at all? Don’t you want to avoid making simple mistakes that can delay your home sale in Orange County? Make it easy on yourself and sell to H&M Realty Group instead! Send us a message or call 949-625-4533 today to find out how we can help you!

Joe

Broker/Realtor/Investor/Mentor (41 years experience) Specialties: Buyer's Agent, Listing Agent, Foreclosure, Short-Sale, Property Management, Landlord I'm a Full Time Real Estate Professional, house flipper and mentor to many of my clients. I am here to help you get top dollar for your home or get you the best price for a home that you are going to live in. I have over 40 years of real estate experience for you to draw on and actively list and sell over 20 homes a year. I have sold over 600+ homes in the last ten years alone. I am a very skillful negotiator and will work diligently to help you realize the best possible price when buying or selling your home. With my Exclusive Home Acquisition & Sales System, I can find the Right Home for You! I have access to homes no other Realtor will show you. I can show you how to save an average of $10,000.00 on the purchase price. We will find a home that fits your needs, in a neighborhood that suits your style. If you are selling your home then I can bring all the professionals to you. I always include professional photos in ALL my listings. I have contractors standing by to assist with those upgrades if needed. I can also quickly get you ALL CASH offers for your home if you desire. My marketing surpasses all other agents. It begins with extensive internet advertising to hundreds of websites throughout the world. I do direct mail marketing for you home and also knock on doors in your neighborhood when I am holding an open house. I hold you home open to expose it to as many buyers as possible. My Exclusive program is designed to sell your home for Top Dollar in Any market. I am an experienced flipper here in Orange County and therefore can offer you my over 40 years of real estate experience. The information is available to you at no charge! If you like what you see, please call me and setup Your Free Consultation.

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