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:: Learn step-by-step home buying process with Kellson Team. Your knowledge is your Power!
HOME BUYING >> DEALING WITH PROBLEMS

Our combined experiences in real estate, credit, financing, sales and negotiation are powerful tools to help you solve almost any undexpected proplems in your home buying process.

SOLVE UNEXPECED PROBLEMS

Every home purchase hits a few snags. You'll have a much better chance of completing the sale on time if you're familiar with these common closing problems and how to resolve them.

PROBLEM: The seller wants you to raise your offering price.

POSSIBLE SOLUTIONS:

- Raise the price if your comparative market analysis (CMA) warrants it.

- Raise the price if the seller agrees to cover a greater portion of the closing costs.

- Raise the price but ask ask for more.

PROBLEM: The appraisal indicates you're paying too much.

POSSIBLE SOLUTIONS:

- Review the appraisal for accuracy

- Use the low appraisal as a negotiating tool to bring down the seller's asking price.

- Fight the lowball appraisal to get the loan you need to close.

PROBLEM: The seller doesn't want to pay for needed repairs.

POSSIBLE SOLUTIONS

- Show the seller your appraisal and inspection reports to justify your request.

- Offer to pay for the repairs if the seller will reduce the sales price accordingly.

- Share repair costs (only if other alternatives don't work).

- Accept the home "as is" (only if other alternatives don't work).

PROBLEM: The seller needs more time before sale can close.

POSSIBLE SOLUTIONS:

- If you can't adjust your closing date, stick to the date you originally suggested but agree to rent the property back to the seller for a month or two after the sale closes.

POBLEM: The seller wants to close sooner than you do.

POSSIBLE SOLUTIONS:

- This is a common problem for buyers who must sell their current home to get the money needed to buy a new one. Explain your problem and the seller may agree to wait.

- Reduced the purchase price to compensate the costs for closing earlier.

- Ask seller to pay for closing costs and/or other seller contribution.

SOLUTIONS TO OTHER PROBLEMS:

- Walk away if you can.

- Be patient, if you still have time. You may be able to find a better deal.

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