What Can Make a Real Estate Deal Fall Apart After You're Under Contract?

Common problems after a home goes under contract can involve inspections, financing, appraisal, title, insurance, property condition, condominium or HOA issues, buyer qualification, documentation and contract contingencies.

Getting an offer accepted isn't the finish line.

Sometimes it's where the complicated part begins.

Welcome to:

REAL ESTATE GETS COMPLICATED™

Inspection

An inspection can reveal conditions neither party fully understood when the offer was written.

The issue then becomes:

What does the agreement provide?

What matters?

What requires another expert?

What can be resolved?

Financing

A pre-approved buyer still has an underwriting process ahead.

Changes involving the borrower or property can affect financing.

Appraisal

If an appraisal doesn't support the contract price, the options depend on financing and the terms of the agreement.

Title

Liens, ownership questions and other title issues may need to be resolved before closing.

Condo and HOA Issues

This is one consumers frequently don't realize.

The buyer can qualify for the mortgage while the condominium project itself creates a financing problem.

Fannie Mae's current project standards can make condo projects with certain critical repairs, significant deferred maintenance, inadequate insurance or other project-level problems ineligible for conventional financing.

That's why condominium due diligence isn't only about whether you like the unit.

This Is Where Representation Matters

Anyone can look competent when everything goes perfectly.

Experience becomes much more visible when something doesn't.

I've dealt with transactions involving construction, financing complications, estate properties, relocation, property condition, contractors, negotiations and multiple professionals.

My job isn't to promise there won't be problems.

It's to help anticipate them, communicate clearly, assemble the right professionals and create a strategy for moving forward when possible.

Real estate is complex. Your representation shouldn't be.