Closing a real estate deal is the most critical phase—but it’s also where things can go wrong. 🚨 From missed deadlines to overlooked details, even the smallest mistake can jeopardize a transaction. Here are the top mistakes realtors often make during closing, and how I can save the day! 🦸♂️
1. Missing Deadlines
Mistake: Overlooking critical deadlines for inspections, appraisals, or loan approvals can jeopardize a deal.
How I save the Day: I keep track of all important dates, ensuring that every deadline is met, keeping the deal on track.
2. Incomplete or Incorrect Paperwork
Mistake: Errors in contracts or missing signatures can cause significant delays or even void the transaction.
How I save the Day: I meticulously review all documents to ensure they’re correctly completed and submitted, reducing the risk of costly errors.
3. Poor Communication
Mistake: Failing to keep clients and other parties informed can lead to misunderstandings and frustration.
How I save the Day: I act as the communication hub, keeping everyone in the loop and addressing issues before they escalate.
4. Last-Minute Surprises
Mistake: Unforeseen issues like title problems or financing hiccups can arise, causing stress and potential delays.
How I save the Day: I proactively identify potential issues early on, allowing time to resolve them before they become deal-breakers.
5. Neglecting Final Walkthrough Details
Mistake: Overlooking issues during the final walkthrough can result in post-closing disputes.
We highly recommend doing a very thorough walk-through and making sure all inspection items have been addressed.
Having us as a Transaction Coordinator on your team can be the difference between a smooth closing and a stressful one.
Have you ever encountered any of these closing challenges? Share your experience in the comments! 👇 If you want to ensure your next closing goes off without a hitch, DM me to find out how I can help!
