Dawna was simply amazing! She was knowledable and kept me well informed on the matters of the sale of my house. Beyond keeping me informed she took it upon herself to act as my instructor in real estate which was so very helpful. Dawna is also a wonderful and honest agent, it was such a pleasure working with her. Her assistant Jodi was also a real asset in the sale of my home. I thank you both so much!
- News of Concern- You may learn about upcoming developments in the community or close vicinity that will negatively impact the market in your area.
- Undisclosed Property Condition- If the seller’s disclosures do not match what you have found out about the house during your inspection diligence time period, the differences and discoveries may be too costly or unreasonable for your personal resources. As an aside, heavy rains after a long drought will often reveal property deficiencies that have been silent for many years.
- Better Housing Options- The market brings better properties to purchase, in the same or comparable condition and amenities as the property you have chosen.
- Financial Changes- If, during escrow, your income situation or available cash changes for the worse you may not be able to complete the transaction. Or, in the event of a sudden increase in interest rates before you have locked your loan, your payments may become unaffordable at the current purchase terms.
- Low Appraised Price- In a rising market, your lender’s appraisal might be too low for your lender to use. The value might not be justified by recent sales, and you might be required to come up with the difference in cash if you want to continue with the purchase.