List of common mistakes sellers make before, during, and after a property closing in the real estate market. These are interesting anecdotes and can serve as a useful reminder for both sellers and buyers in the real estate industry. Here are some comments and insights from local Realtor Adnan:
10) Leaving the lockbox and ‘FOR SALE’ sign up for weeks, if not months:
Sellers should ensure that their listing agent promptly removes the lock-box and ‘FOR SALE’ sign after the sale closes to avoid confusion and maintain the property’s appearance.
9) Removing the key from the lockbox:
It’s crucial to ensure that the key is placed in the lockbox for the convenience of the buyer. This simple step can save a lot of hassle and potential delays.
8) Leaving the alarm on:
Leaving the alarm system active can lead to unnecessary complications. Sellers should make sure the alarm system is deactivated and properly communicated to the buyer.
7) Leaving cable/internet box behind:
It’s common for small items like routers and cable boxes to be forgotten when moving. Sellers should create a checklist to ensure all items are accounted for before leaving.
5) Not paying for mail-forwarding:
Paying for mail forwarding is a small cost compared to the potential hassle of dealing with the previous owner’s mail. It’s a good practice to arrange mail forwarding well in advance.
4) Not notifying property management of a sale:
Sellers should inform property management and their condo association of the sale to prevent issues like maintenance fee confusion. It’s a standard procedure to notify them of ownership changes.
3) Removing chattels and fixtures included in the Agreement:
Sellers should carefully review the Agreement to determine what is included and excluded from the sale. Removing fixtures can lead to disputes with the buyer.
2) Not removing items and planning “to come back later”:
Sellers should understand that anything left in the house after closing typically belongs to the buyer, regardless of prior arrangements. It’s important to clear the property entirely before closing.
1) Not moving out:
Sellers must be aware of the closing date and vacate the property on time. Delays can inconvenience the buyer and may lead to complications. Clear communication is key to avoiding such situations.
These anecdotes provide valuable insights into potential pitfalls during the property closing process. Both sellers and buyers should work closely with their real estate agents and legal professionals to ensure a smooth and trouble-free closing process.
Want to learn more? Ask Adnan. ADNAN MIAN • Realtor – 647.545.1174• www.adnans.ca
Oakville-Toronto-Burlington-Milton-Hamilton-Mississauga
Why I’m Your Only Trusted Realtor
Buying or selling a home can be a stressful experience, especially if it’s your first time or you don’t know where to start. I make it easier than ever. My name is Adnan Mian, and I’m the Oakville realtor that will make your real estate dreams come true. I’m passionate about real estate, dedicated to helping others, and love representing my clients in their search of buying a new house or selling their current home. With me, you’ll experience and enjoy a respectful, personalized approach, developing a strong and trusting relationship, where I guide you on your journey and place your interests first.
