Eliminate Estate Settlement Difficulties by Hiring a Pro

Written by Posted On Wednesday, 11 July 2018 12:15

Every estate buyer expects to buy the property fast without any hitches. However, this is not always the case. At times, there are difficulties that you’ve to face before you append the final signature to legally own an estate.  The issues are very troubling since they totally delay the settlement process. Fortunately, you can eliminate estate settlement difficulties by hiring a pro. An expert knows what strategies to take to prevent the likelihood of the delays. But before we look at the solution, it’s important to understand the source of the problem.

What Exactly Delays Estate Settlement?

Several issues can delay estate settlement and they originate either from the seller’s side or the buyer’s. Regardless of the origin, all the parties have to agree to the settlement to be completed without hitches. The commonest delays are due to:

Subject Transactions: Sometimes, the settlement of the estate depends on the sale of another estate. While this is supposed to be negotiated in the drafting of the Contract of Sale, the seller may intentionally delay the settlement as they seek a property to move into.

Bank Complications: There cannot be a settlement without involving the bank. The seller will need to be paid through a secure platform, and you’ll also need a proof of purchase after the settlement. Bank complications include mortgage issues and documentation problems. In such a case, you’ll need a proactive estate sale pro to help you.

Late Documentation: When either party delays with returning the signed document, the settlement can be deferred. The settlement process is very lengthy, and at times the phases are time-bound. So, if both parties are not careful with the submission, you are in for a stroll.

Closing Inspection Hitches: As the buyer, you have the legal freedom to ask for a pre-settlement inspection of the estate you are buying. You expect the property to be in the same condition it was during the negotiation. If there are damages or issues with creditors, the settlement can be delayed.

What’s the Solution?

The solution is simple; eliminate estate settlement difficulties by hiring a pro in property sales. A property sales professional knows how to eliminate the four hurdles discussed above. If your property is under a living trust it may make the whole process a lot easier. You can learn about living trusts online. Nowadays it's pretty simple to do one.

In addition, the professional will take his or her time to ensure that you are up to date with your rights pertaining to:

  • The seller accepting or rejecting the settlement
  • The seller charging you interest penalties when you delay the settlement
  • Rescinding the sales contract by either party
  • The seller issuing you with a 14-day notice to complete the settlement

Final Thoughts

By and large, there are so many settlement difficulties that you can avoid when you hire an estate sales pro. They will help you have a smooth closing in process. In the end, all the parties involved in the settlement process will go home smiling after the settlement.

Rate this item
(0 votes)

Agent Resource

Limited time offer - 50% off - click here

Realty Times

From buying and selling advice for consumers to money-making tips for Agents, our content, updated daily, has made Realty Times® a must-read, and see, for anyone involved in Real Estate.