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What Could Go Wrong During A Real Estate Transaction?

| Sep 10, 2020 | Firm News

The world of real estate can be confusing and complicated. Your friends and family likely have their own opinions on the process and it can be hard to know who has good information. Making the decision to buy or sell a house or other type of property can’t be taken lightly and while most real estate transactions proceed without issue, problems can arise unexpectedly.

Five Things That Can Interrupt Your Transaction

There are several potential issues you can run into during your real estate transaction. Here are five of the most common and most frustrating problems you could face.

  1. The inspection reveals major problems with the property
  2. Paperwork falls through the cracks or is completed incorrectly
  3. The buyer or seller tries to back out of the deal
  4. The lender falls through
  5. Stubborn buyers or sellers can’t agree

Any or all of these issues can make your sale come to a screeching halt. They can cause significant delays and even make your deal fall through. It can be incredibly frustrating and confusing to figure out any of these possible problems and you never know just when one of them is going to throw your deal out the window. Even well-prepared real estate transactions can run into these issues, even if you try to do everything right. Being aware of these potential issues can help you prepare for them.

However, a more effective way to avoid and resolve these issues is by hiring a real estate attorney. An experienced lawyer will know how to navigate these problems and solve them efficiently and effectively.