There are so many reasons why working with a qualified realtor is necessary. One of the reasons is to help make ensure that everything goes according to “plan”. The other reason is because you need a reputable Tahoe Keys realtor when it doesn’t.  In fact, things can go awry even last second on closing day. It is every buyer and seller’s (and your real estate agents) nightmare: Everything looks like a go and then something pops up the very last second. It isn’t necessarily a deal breaker though and you can turn things around. Let’s take a look at a few of the possible scenarios and how they can be rectified.

Financial Changes and Challenges

Even if you were approved for the mortgage on your Tahoe Keys real estate for sale months prior, there are a couple of things that can affect your mortgage. For example, opening up a new credit card, applying for a new car loan, forgetting to pay a bill or even changing jobs can affect your loan enough that a lender may withdraw it. Which means you will have to extend your closing date until you can find a new mortgage, which can take weeks. Sometimes, the lender will decide to increase your interest rate in lieu of withdrawing and you will then need to decide if you can still afford the purchase. If you have any changes, let your Tahoe Keys realtor and your loan officer know as soon as possible. If you can, discuss any potential financial changes with your lender BEFORE signing on the dotted line.

Mishaps with the Money Transfer

Speaking of financial mishaps, let’s discuss the importance of making sure the funds on closing day are completely dialed in. Find out how the financial institution you are dealing with wants their money. Do they want it electronically or via cashier’s check. If you come to the table with the wrong paperwork, you will be scrambling to get over this minor (key word) bump in the road. Also bring your check book just in case there is an extra cost that you need to cover.

Title Issues

The title company confirms all the details about the Tahoe Keys real estate you are about to purchase. They will let you know if there are any covenants, liens, claims or issues that need to be handled. Some scenarios could simply be surprises that you can quickly recover from while others could be deal breakers. Regardless of what it is, do not be afraid to take a moment and get all the necessary facts before proceeding to close.

Walk Through Issues

The final walk through is a dreaded, albeit necessary step to take before closing. It typically takes place the day before or the morning of so you don’t have a ton of time if something catastrophic happened to the Tahoe Keys home for sale recently. Let’s say cold weather caused a pipe to burst or a storm caused damage to the roof. You will want to know before you close. The fix to this is pretty easy too-simply ask the seller of the Tahoe Keys home for sale to cover the cost and put the funds in escrow or extend until the repairs are handled.  Another thing to double check on during walk through is making sure that all of the items you negotiated would stay, are still there or haven’t been swapped out. This could be furniture, fixtures, a chandelier, appliances, etc. The best way to avoid this is by simply being very detailed in the contract to avoid any misunderstandings.

When buying a home for sale in Tahoe Keys, you will want to make sure that you choose a qualified Lake Tahoe real estate agent to not only help you navigate the tricky waters, but get you through them with smooth sailing. For more info on Tahoe Keys real estate, give me a call.