If everything goes according to plan...Offers,Mortgages,Home Inspections - 3 quick behind the scenes insights - have a look - give your 2 cents!

If everything goes according to plan this video is pretty accurate. However some aspects never do. Here are 3 scenario's often experienced that would put some of the above stickies on video loop.

• Negotiate offers multiplied by 1,2,3,4? Often on both sides of the transaction. Multiple offers are common place. This is great when selling, not so great when buying. For each home lost in a multiple offer, the house hunt starts again. Also, not every offer for a sellers home is suitable, but most offers are worth trying to negotiate even if in the end they go nowhere: Stickie Looping. 

• Lately pre-approvals are proving to be only worth the paper they are usually not even written on.   Mortgage rules have gotten much tighter these days. More than ever stories are circulating about conditional offers going sideways because the buyer is being stalled by their lender. A fine balance is required between allowing the buyer more time and/or putting the listing back on the market. The behind the scenes negotiation become quite complex if a large swath of time is required to resolve matters. More stickies.

• The Home Inspection. Home inspectors are coming under incredible scrutiny lately. This is great for the consumer. The politics behind home inspections is what makes the process interesting. On the one hand Inspectors are often blamed by Realtors for 'killing the deal'; and if they get labelled as a deal killer, it could put their careers in jeopardy. On the other hand, if they gloss over the small stuff, this could cause issues for the new home owner and they could possibly get sued for it. If there are issues reported from Home Inspection, a new set of negotiation begins between the buying and selling parties. Often other experts on the matter must be brought in (contractors, electricians, HVAC people etc.) facilitating this adds on many more 'sticky notes'.

Have you run into any of the above scenarios? Would love to hear your 'add on stickies' stories! If you have any question please feel free to post or message me.

DS