4 Surprising Problems During the Escrow Period
Buying a home or selling a home will probably be among the largest financial decisions a person will make in their lifetime. 因此, it’s important to address all possible problems before these challenges arise to ensure a smooth closing process.
To better understand the challenges that an 第三方托管 could possibly be faced with, it’s important to be familiar with the basics of an “第三方托管”. An 第三方托管 is a neutral third party that protects the integrity of the transaction. The core of their position is to confirm that all stipulations of the agreement between a buyer and a seller are met, and that all monies are paid to the appropriate parties at the appropriate times.
一旦一个财产被“托管”,” there are a few scenarios that could occur to have the house “fall out” of 第三方托管. We listed 4 things that could potentially go wrong during an 第三方托管 period.
Borrowers are no longer eligible for a loan that they were originally approved for.
Since most homes are bought with a loan from a bank or credit union, it can be that an issue with the financing of the home may arise. 例如, 如果利率上升, borrowers that were pre-approved for a certain amount may no longer be able to afford the monthly payment for that loan amount.
The buyer (borrower) makes another large purchase during the 第三方托管 process.
If the buyer (borrower) makes a large purchase - for example, 一辆车，而房子是托管的, then this could have disastrous consequences on their eligibility for a loan, which could make the house fall out of 第三方托管. Good loan officers and agents should caution the buyer not to make any large purchases during the 第三方托管 process, 确保一切顺利. The borrowers have been provided a maximum loan amount from the lender based on the borrower’s debt-to-income ratio - as this will create an affordability amount for the buyer based on their debt and income. By adding more debt to a formula that has already been determined, the large purchase will very likely increase this ratio, which in many cases will affect the buyer’s initial pre-approval amount.
Home inspection reveals serious issues with the house.
Inspections and 评估s can also be a problem during the 第三方托管 process, as significant 白蚁危害 or a low 评估 could prove disastrous to a sale in 第三方托管. An 评估 is a third party valuation of the home, and the lender and buyers want to confirm that their their purchase has a minimum value of the purchase price. If the 评估 report reveals a low 评估 amount, a lender may deny the loan since the 评估 does not support the purchase price set on the original 第三方托管 contract.
在一次检查, a certified professional will go to the home and thoroughly review the home’s structure and integrity - the cabinets, 阁楼, 狭窄空间, 排水沟, and more - to ensure there are no abnormal signs or problems that may require repairs before the house closes 第三方托管. It provides the future homeowner with a professional opinion from an inspector that will either encourage the buyer to continue onward with the 第三方托管, or possibly cancel due to the poor condition of the structure. 这可能包括诸如霉菌损坏等问题, 白蚁危害, 空调的问题, 管道, 或更多的. 如果有这样的问题, the seller can choose to fix them before the sale, or negotiate a price reduction or credit to the buyer to make the needed repairs. This will, of course, result in a delay of 第三方托管 - never a good thing, but a reasonable resolution!
无论是来自国税局的税收留置权, 承包人优先权, 或诉讼问题, any mark on the title can negatively affect the house’s ability to be sold. This is why one of the first steps is to run a title report when listing the house or obtaining a loan against property. At the first sight of a potential issue, a red flag is raised and should get addressed immediately!
Final Thoughts on the Escrow Period Challenges
Though it might seem possible that there are several things that can go wrong during an 第三方托管, do remember that - most of the time - 第三方托管s close successfully and the inspections, 评估, and title reports all come back fine or are successfully negotiated by the agents involved. An agent mentor or productivity coach at your brokerage can also provide you with creative and successful tips and on your first few deal to ensure that everything is covered. Their eyes have seen it all - listen to their advice.
房地产经纪人和培训师, 罗伯特Rico, explains the main things that can go wrong during an 第三方托管 period.你想看更多的视频博客吗? 订阅这!