Did you ever wonder why purchasing or selling a home can sometimes seem to drag on for a while? Sometimes, even the smoothest real estate transactions can take several weeks between an accepted offer and closing, and the amount of documentation involved can often be overwhelming. For most of us, it’s one of the largest individual transactions that we will ever go through, which is why we owe it to ourselves to be patient and thorough to avoid future problems!
Selling your home is often very bittersweet. Perhaps you’re upgrading to a new dream home, or moving into something more affordable after the kids move out. Whatever the case, you’re saying good-bye to a place that you called home, and no matter how many times that you’ve bought or sold a home, the process can be complicated, and takes time.
Buying a new home is a challenging process for many different reasons, but the main reason is that a large asset is changing hands for a lot of money. The seller has to prove that he or she can legally sell the home, and the buyer has to secure the funds to buy it. Most real estate transactions are made in good faith between the buyer and seller, but there are still a number of things that can go wrong along the way. That’s why title insurance is always a good investment.