Our years of experience and successful closings have armed us with the tools to overcome each and every problem encountered here.  However, it would be unfair to say that every problem can be solved.  Please note the delay of closing estimates next to each problem.

The ones marked with an asterisk (*) are potential deal killers.  Please keep your eyes open when dealing with what may be your largest investment!

LENDERS	DELAY
1.  Lender does not properly pre-qualify borrower.	2 weeks*
2.  Lender decides last minute they don’t like borrower.	2 weeks*
3.  Lender decides last minute they don’t like the property.	2 weeks*
4.  Lender wants property repaired or cleaned prior to close.	1-3 weeks*
5.  Lender raises rates, points, or cost.	2 weeks*
6.  Borrower does not qualify because of late addition of Information.	2 weeks*
7.  Lender requires, a last minute, re-appraisal.	2 weeks
8.  The borrower does not like the fine print in the loan documents that we received three days before close.	3 weeks*
9.  The lender loses file.	1-3 weeks
10. The lender does not simultaneously ask for information from the buyer he/she asks for information in bits and pieces.	1-4 weeks*
THE  BUYER	DELAY
1.  Did not tell the truth on the loan application.	1 week*
2.  Did not tell the truth to the seller.	1 week*
3.  Submits incorrect tax returns to lender.	4 weeks*
4.  Lacks motivation.	1 week*
5.  Source of down payment changes.	1 week*
6.  Family members do not like purchase.	1 week*
7.  Is too picky regarding conditions.	1 week*
8.  Finds another property that is a better deal.	1 week*
9.  Are “nibblers” (always negotiating).	1 week*
10. The buyers bring an attorney into the picture.	3 weeks*
11.  Does not execute paperwork in a timely manner.	1 week*
12.  Does not deliver their money in a “check cleared” fashion to closing.	1-2 weeks*
13.  Job change, illness, divorce, or other financial setbacks.	1-2 weeks*
14.  Comes up short on money.	1 week*
15.  Does not obtain insurance in a timely manner.	1-2 weeks
THE  APPRAISAL	DELAY
1.   The appraiser is not local and misunderstands the market.	1-3 weeks
2.   No comparable sales available.	1 week*
3.   Appraiser delays (too busy, etc.).	1-3 weeks
4.   Incorrect appraisal.	1-3 weeks*
5.   Appraisal too low.	1 week*
THE  INSPECTION  COMPANY	DELAY
1.  Too picky regarding inspection report.	1 day*
2.  Scares buyer.	1 week*
3.  Infuriates seller.	1 week*
4.  Makes mistakes.	1-3 weeks*
5.  Delays report.	1 week*

At EXiT, we appreciate the time you have spent to understand the challenges between contract, acceptance and close.  We want you to understand these potential problems for the following reasons: 

 1.   A transaction cannot close until these problems are cleared. 

 2.   To let you know that we have great experience in heading off these potential pitfalls.  Thus, can hopefully make you feel more secure in choosing the correct real estate agent. 

 3.   To make these pitfalls clear to all the parties that you are working with so that problems can be discovered early. 

 4.   To make you aware of these pitfalls so that you can call us for “no-obligation” help! 

Once again, EXiT Realty The Heart Of Florida is here to solve your problems and help you achieve your goals!