Dawna is a real pro! I am so glad she was on our team. For nearly four years she guided us through the volatility of the San Luis Obispo housing market, answering our questions from a far (we live in Montana) and flagging appropriate properties or developments along the way. When the timing was right and we found just what we were looking for, Dawna expertly guided us through the negotiations and inspections. This wasn't our first home buying experience, but we really appreciated how easy Dawna and her assistant made the whole process. We successfully closed in less than 30 days.
- News of Concern- You may learn about upcoming developments in the community or close vicinity that will negatively impact the market in your area.
- Undisclosed Property Condition- If the seller’s disclosures do not match what you have found out about the house during your inspection diligence time period, the differences and discoveries may be too costly or unreasonable for your personal resources. As an aside, heavy rains after a long drought will often reveal property deficiencies that have been silent for many years.
- Better Housing Options- The market brings better properties to purchase, in the same or comparable condition and amenities as the property you have chosen.
- Financial Changes- If, during escrow, your income situation or available cash changes for the worse you may not be able to complete the transaction. Or, in the event of a sudden increase in interest rates before you have locked your loan, your payments may become unaffordable at the current purchase terms.
- Low Appraised Price- In a rising market, your lender’s appraisal might be too low for your lender to use. The value might not be justified by recent sales, and you might be required to come up with the difference in cash if you want to continue with the purchase.