Real Estate Closing Dates - Delays and What Causes Them
There are a lot of moving parts that must come together to complete a real estate transaction. Some can be quite complex and if everything doesn’t fall together as it should, your real estate closing date can be delayed. After you have a signed contract, you will have an appraisal done, you will have an inspection done, there will be a title search, and you will get a mortgage commitment from your bank. If those don’t come through as expected, delays may result. If the seller has contingencies, that can affect your closing date as well. When you hire an experienced title company at Lake of the Ozarks , they should be in touch with you throughout the entire process and let you know if anything occurs that could affect your closing date. Repairs and Contingencies It is possible that during the inspection, things will be found in the house that may need to be repaired before closing. If it is not feasible to get those repairs completed before the closing date, then the date will be p...