Yes…things Can go Wrong in a Real Estate Transaction


Here are some areas of concern and what you can do to avoid them.

Financing - Find an experienced and trusted lender who is not too busy to handle your loan because this is the most important aspect in having your real estate transaction go smoothly.

Disclosure – If you are wondering whether or not you should disclose something, pretend you are the buyer and if the disclosure item in question is something that you would want to know about if you were buying your house in Nanaimo, then disclose the fact.  It’s always better to disclose too much than too little, and the last thing you want to have happen is to have a buyer accuse you of not telling the truth – especially after the real estate transaction has completed.

Inspections - Most buyers are going to want to do an inspection so it is a good idea for you to do a pre-listing home inspection, so that you know if there are repair items that need to be addressed.  That way, you can take care of them before you put your home in Nanaimo on the market for sale. When a buyer does an inspection during your real estate transaction and finds a lot of things wrong, or even a couple of big things, even though they might be easy to fix, this could still put doubt in the buyer’s mind and give them an excuse to not go through with the deal.