Buying and selling real estate may be one of the most important financial transactions that you will ever carry out in your life, but it’s also a lot of work. If the property in question has issues due to poor maintenance, natural conditions, or other factors, correcting these issues can be expensive and can complicate the sale of the property. The last thing that a buyer or a seller wants are complications that will slow or block the sale of property.
Dreaming of the future, exploring neighborhoods and finding the perfect home is an exciting time for most home buyers. For sellers, the process can be equally exhilarating as they prepare to take their next steps. And that wonderful moment when you learn your bid has been accepted (or, if you’re selling, you accept a bid) is a sweet one. For many buyers and sellers, however, that euphoria soon dissipates as the walls of closing-related paperwork begin to close in.