Homeowners often ask us how they can sell their homes quickly and avoid a delayed closing. There are never ending stories of how closings get delayed because of financing issues. Lenders have their requirements, and those requirements can change during the approval and closing stages. The best way to ensure a closing by or before a certain date is to work with Homeinc.
7 Scenarios That Can Result in a Delayed Closing
Unfortunately, unexpected problems often arise during the home selling process and in some cases, your home may not close on the agreed upon closing date. This is especially true in situations where the sellers want to close as quickly as possible and are working with a tight timeline. Although this may not always be the case, buyers and sellers should be aware of the following causes of delayed closings:
- claims against or encumbrances on the title
- delayed HOA approvals
- financing issues
- home inspection reveals significant damage
- issues that arise during the final walk-through
- prospective buyer cannot sell their home
- sale price of the home exceeds the appraised value
Once an offer has been accepted, it is hard not to get excited about closing the deal. But before you celebrate, you will need to ensure that there will not be any roadblocks along the way. To play it safe, make sure you have a contingency plan in place if your closing does get delayed.
How to Sell Your Home without any Delays in the Closing
The best way for you to avoid any mortgage lender delays in the closing of your home sale is to locate a cash buyer like Homeinc. While interest rates have been rising, lending requirements are also getting stricter. Furthermore, mortgage lenders have been reducing the number of staff members on hand. These changes could directly affect your buyer’s situation. Because Homeinc is a cash home buyer, you will not encounter any of these issues.
Homeinc can close quickly. Whereas a buyer’s lender could take up to six weeks. When Homeinc makes an offer on your home and the offer is agreed upon, the closing can take place in as quickly as 5 days. Or, if you prefer, you can choose your closing date. All it takes is a single phone call or text to a licensed advisor at Homeinc. That advisor will take you through a quick property analysis and get you a cash offer within minutes. To learn more, call or text the Homeinc team today at (888) 850-2636.