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Monday, February 4, 2013

The Real Estate Transaction: What Could Possibly Go Wrong?

"Anything that can go wrong will go wrong." While Edward Murphy was referring to the use of new measurement devices, his rule can be aptly applied to the real estate transaction without a hiccup.

From the very first step – getting preapproved for a mortgage – to choosing a real estate agent to the close of escrow, the process is full of pitfalls.

If you're considering the purchase or sale of a home, it's a good idea to know what could go wrong during the process. While some problems are hard to anticipate, others happen with enough frequency that they offer lessons, allowing you to become informed and, hopefully, help you to avoid some of the biggest problems.
1. Choosing a Real Estate Agent
2. Counteroffers
3. Home Inspection
4. Appraisal
5. Closing

View the FULL Article Here

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