Delays with closing on the sale of your house can be costly both emotionally and financially. The gears of a real estate deal don’t always shift into the next phase of the process smoothly. It can be frustrating to believe your closing date is near, only to learn that everything is on hold because of an issue that could have been avoided. Having delays also adds stress to an already stessful house sale.
These delays only add to the pile of work to update all of the paperwork with the correct payoff amount based on the new date. From buyers who unwittingly destroy the credit that qualified them for their loan, to problems with the title, to lenders changing their mind about funding the sale, these delays in the closing can be costly and may mean the loss of the sale altogether.
Whether you are selling or buying a home, it can be helpful to understand how these difficulties could stall the sale of a house and what action you can take to avoid them. You have options to avoid many of these delays when you are selling your house so read on as we explore three situations that can stall the sale of your house in San Antonio and how you can avoid these delays.
Appraisal
A professional appraisal assesses the size and any features that add or detract from the property’s value, such as condition, number of bedrooms, closets, location, etc (this is not the same as the County’s Tax Appraisal). Because the current market controls home values, an assessment of comparable properties, known as a comp, can also affect the outcome of the appraisal. Almost anytime that a buyer is getting a loan for a property the lender will require an appraisal which takes time and can really delay things if the appraisal does not come in at value.
Problems with the appraisal coming in lower than the sale price can stall the sale of your house in San Antonio. If you are concerned about your home appraising, a direct sale to professional local buyers like those at Sell My San Antonio House is your answer. With our full-service in-house team of industry specialists to handle everything, we make the process as quick and easy as ABC at Sell My San Antonio House. So that you can make an educated decision about which sales method is best for you, the professional buyers at Sell My San Antonio House will lay out all the numbers for you to easily compare what you could profit from a traditional listing vs. a direct sale. If your professional buyer from Sell My San Antonio House believes you would fare better on the market, they’ll say so. As investors, we do not need to have an appraisal done so we can offer many benefits but we are not the best fit for everyone. And, as a bonus, unlike a real estate agent, the professional buyers at Sell My San Antonio House never charge commissions, and there are never any surprise fees to deplete your profits at closing (unlike others we don’t charge any fees).
Unrealistic Deadlines
Conventional closings typically take between 45 and 60 days. So, if a traditional buyer says that they will close in two weeks, you might want to ask a few questions about how they plan to accomplish that. Another situation that can stall the sale of your house in San Antonio is a preset date for the closing that doesn’t allow enough time for complications. Problems often arise when buyers go through their loan approval process, leaving sellers holding the proverbial bag and paying the holding costs for the property as time passes. Traditional buyers and real estate agents cannot guarantee a closing date because many things are outside of their control.
Professional buyers like those at Sell My San Antonio House make it easy for sellers by providing a guaranteed closing date, often within a matter of days. In addition, the professional buyers at Sell My San Antonio House will not be moving in, so we can work with you to set the most convenient date for closing. Another added perk of making a direct sale to professional buyers at Sell My San Antonio House is that you won’t even pay any closing costs; the amount of our offer is the exact amount of cash you will receive.
Contingencies
Buyers often add contingencies to contracts for the completion of repairs and may also cover the appraisal, closing on the sale of their own property, or loan approval. There is potential for something to go wrong as everyone works towards resolving contingencies, like discovering another problem with the house during the repair process. Whether these are lender required repairs or repairs that the buyer would like done these situations often stall the sale of your house in San Antonio and push back your closing date.
Selling directly to professional buyers like those at Sell My San Antonio House eliminates contingencies. The professional buyers at Sell My San Antonio House buy houses in as-is condition, so there’s no need to spend another restless night worrying about passing the inspection. We do not need an inspection, appraisal, or to wait for some banker to approve the sale becasue we are paying with our own cash.
At Sell My San Antonio House, we are your neighbors here in San Antonio, and we are proud of our work which is why we have a policy of total transparency; we present you with all of the facts because we want you to agree that our offer is fair. At Sell My San Antonio House, it is important to us that you feel good about working with us long after you have left the closing table. We work hard to make the deal a win-win for everyone and take pride in all of our great reviews.
The professional buyers at Sell My San Antonio House understand the situations that can stall the sale of your house in San Antonio; they and their team have the solutions that sellers need to make the process stress free by removing as many of these things from the sale of your house as we can. So whether you are one of the many sellers who simply want to avoid the nightmare of showings or are under time or financial constraints and need to sell fast, a direct sale to a professional buyer at Sell My San Antonio House makes it simple. So why not talk to one of the professional buyers at Sell My San Antonio House today without any obligation and find out how we can help solve your house-selling troubles easily?
Call Sell My San Antonio House at (210) 201-6644 to help with the sale of your house in San Antonio!