USA – Buyers and Sellers getting the jitters.
Some buyers and sellers may get the jitters during their last minute actions that could cause a deal to fall through.
How can you tell that one of your clients may be getting cold feet?
The buyer who seems to be having financial issues.
Sellers should seek assurance up front from buyers that there won’t be any financial hiccups delaying or derailing closing. Kleinjan instructs her sellers to ask for proof of funds for a down payment before they make an offer to a buyer, or have the buyer get prequalified for a home loan. If proof of funds can’t be shown initially, they may be stalling—this is a red flag, Kleinjan says this happens often, she told U.S. News & World Report.
Get proof of funds for the down payment up front, always!
The buyer or seller is showing a lack of transparency.
The buyer or seller may not be forthcoming with requested information. If there’s any attempt at anything less than full transparency, there’s generally a reason, says Richard Damrel, a real estate professional with HomeSmart Evergreen Realty in Irvine, Calif. I see this a lot in home inspections.
They don’t seem to have very much enthusiasm in the transaction.
A homeowner who may not seem that excited about selling may be having a tough time saying goodbye to their home, among other reasons. You may need to offer them some reassurances. But a buyer showing a lack of enthusiasm, in particular, may be getting cold feet. Sometimes clients themselves don’t know what they want and in the current frenzy to buy before rates go up, they put in offers without enthusiasm, Damrel says. But sometimes buyers who are showing less enthusiasm may have found a different property.
Whether you want to sell your residential property or buy a new real estate investment, a house or an apartment, your private Property Angel is here to help you find your dream home.
Property Angels – Success Together
Real estate professionals may have to step in to help clients manage the high emotions of a transaction, or help guide them in staying on schedule financially to buy or sell. Fortunately, most contracts do settle on time without delay. According to the August 2018 REALTORS® Confidence Index Survey—a survey of real estate professionals’ latest transactions—76 percent of contracts were settled on time, with only 20 percent delayed and just 5 percent terminated, in August.
For the transactions that did face delays, the holdups tended to be centered on finances.
– Issues related to obtaining financing: 36%
– Appraisal issues: 18%
– Home inspection / environmental issues: 17%
– Titling / deed issues: 10%
Author – Staff
Original Publisher – Realtor Magazine
Did you know? Your Property Angel offers you an all inclusive service whereby you will receive legal advice, sales and purchase solutions as well as the entire transfer process.
Get your real estate selling or buying process going on the right track today. Your Property Angel will then call you back either the same day or the next business day.
Simply complete the basic online form so that your Property Angel can call you for a brief chat.
Your Property Angel will highlight all the benefits and then you will fully understand why Property Angels is the smartest way for you to sell or buy your next residential property.
Property Angels is an online property portal that promotes residential property for sale across South Africa. You can buy, sell, list and find South African properties online. Find houses for sale in Johannesburg, Cape Town and Durban which are the three biggest cities in South Africa.
At Property Angels we will help you sell or buy your next house or home so that you can move on quickly and affordably.
Traditional Estate Agents do offer good service but you want so much more when it comes to selling or buying your next home.
Some of the top property companies online in South Africa include Private Property, Property 24, My Property, Property Fox, PropertyCoZa, Remax, Pam Golding, LeadHome, SA Hometraders, Gumtree and Property Angels.
Whilst most online property brands offer online visibility for Estate Agents South Africa, Property Angels offers online visibility for Attorney Realtor Agents South Africa.
Whether you have a property for sale or you are seeking a house to buy in the southern suburbs, Northern Suburbs, Eastern suburbs or Western suburbs, choose Property Angels as your attorney realtor property website in South Africa. Sell your property online through Property Angels.
Your dedicated Attorney Realtor will call you back today or the next business day.
Whether South Africa is in a buyer’s market or in a seller’s market, contact Property Angels today for quick and efficient online and face to face service.
List your house for sale with Property Angels. You can also find property to view, property selling tips and many other useful property and finance blog articles and property products bespoke to your needs. Buy and sell your private residential property through Property Angels. Allow Property Angels to become your chosen property website portal for your choice of homes to sell and homes to buy.