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
Unexpected issues found during the inspection of your home for sale in New Jersey 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.
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 New Jersey.
While your buyers may have been pre-approved 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 New Jersey. 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.
Any issue that appears during a title search can delay your home sale in New Jersey. 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 building permits on your property, even if the work was finished long ago, can delay your home sale in New Jersey. 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.
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 New Jersey. 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 New Jersey? Make it easy on yourself and sell to The Cardwell Thaxton Group instead! Send
us a message or call 908-456-1593 today to find out how we can help you!
We research the details of your home and start crafting a great offer for you.
We present you with a fair cash offer with no obligation and no fees.
Get the cash you need now. You do NOT have to wait 6 – 12 months to get your house sold.