Plan for the unexpected and you’ll get to the closing table faster, and with less stress!
Some of the issues that can hold up the sale or purchase of a home can be relatively predictable. A home inspector finds an issue with the home that no one was aware of previously. Or, there’s a home to sell contingency and the buyer can’t get their current home sold. Maybe there’s a hiccup with financing.
Lately, however, there are a few other potential issues that home buyers and sellers should have on their radar, as well:
Insurance Guidelines
If you’re buying or selling a home with an older roof, HVAC system, water heater or other important systems, homeowner’s insurance can be a hurdle for the buyer. Here in Florida, an older roof can be especially problematic, as insurers are hesitant to write a policy on home with a roof that’s 15 or more years old (and for a little while, that number was closer to 10 years old). Old water heaters and A/C systems can also be a problem, as can galvanized pipes and certain brands of electrical panels/fuses.
