June 13, 2024 #1 Local News, Information and Event Source for the Century City/Westwood areas.

The 6 Stressful Stages of a Real Estate Transaction

By Ron Wynn

 

Everyone hopes for the perfect real estate transaction. A perfect real estate transaction is one without a single problem from start to finish. Although a good realtor should be able to mitigate most problems, things do come up. Selling a home can be a stressful experience. When you select a real estate agent, one of the most important things to anticipate is, who will be the best and most proactive at mitigating or handling problems before they come up. A real estate transaction can be broken down into six stressful stages.

Preparing the house for sale. Although some people will sell their home “as is” with no or minimal staging, equally there are situations more advantageous to make some repairs, freshen it up, and stage. A good real estate agent will know how to guide you through the process, without adding stress to your life. If you are still living in your house, it makes it more difficult; especially if you have children and pets. A good real estate agent will guide you through the process and provide recommendations, to keep the process comfortable.

Showing the house. Showings can be stressful because a house needs to look good when it is shown, which can be especially challenging if you are still living in your house. You might’ve stayed up late doing homework with your kids or you have a non-cooperative dog. It can be stressful to deal with everything, including cooking and housekeeping, while the house needs to be ready with a moment’s notice. A good real estate agent is able to schedule times that work for you in order to add some comfort to your life. They would have these discussions with you in advance.

Qualifying the client. It can be stressful finding out if a client will qualify for a loan, and finding out when a contingent escrow is going to close. A good real estate agent will screen “wild card” offers and present those that are accompanied with preapproval letters and verification of funds. We like to provide offer guidelines in advance allowing people to know exactly what is expected of them to keep positively moving forward. The more information provided and the more communication, the better the chance of a flawless transaction. You need to be confident that your real estate agent is going to bring you qualified people only; not only financially qualified but also people who are emotionally ready to make a big purchase, without getting “cold feet”..

The negotiating process. It can be stressful going through the negotiation process. You may wonder if your real estate agent is prepared to “out-negotiate” the agent on the other side. Is your agent good enough to hold your ground and still not lose a qualified buyer? You must be confident your realtor is an expert negotiator and has a great track record with this skillset. The more you know about your agent’s track record and the more confident you are, the less stressed you will be during the negotiating process.

Clearing contingencies. This can be a very stressful time. Your house is in escrow and you are preparing to move, yet you still know that things can go wrong. A good real estate agent knows how to clear contingencies quickly and will not let things go out of hand. In order to have a non-stressful experience, you need to feel confident your real estate agent is “hands on” and tenacious at clearing contingencies; avoiding extensions and delays.

Closing and walkthrough. It is stressful at this time because now you need to get the house all packed up and start thinking about your final move. Not only are you moving out, but you are also moving in to your new place. All the arrangements need to be synchronized. It is important you are not left with one escrow closing, and the other not. There can’t be any last minute flaws or hiccups. Even one trailing document can cause an escrow not to close. Is your real estate agent “hands on” and knowledgeable enough to know how to synchronize your move and make sure everything happens when it is supposed to? Look at their track record and make sure they have a good track record for closing on time and providing their client the necessary time to move out, whether that is a leaseback or complimentary prearranged holdover.

Of course selling your home for top dollar seems always to be a homeowner’s top priority, but if you’ve ever endured a transaction before you already know how important it is to have a “hands on” agent in your corner. Stress is rarely dodged 100 percent but hiring an agent who is a master at “stress management” can be the difference between an enjoyable transaction and the “transaction from hell.”

For more information email Ron Wynn directly at ron@ronwynn.com or call: 310.963.9944.

Related Posts

Los Angeles County Launches Historic LGBTQ+ Commission with Inaugural Meeting

June 12, 2024

June 12, 2024

Supervisor Hilda Solis Leads Ceremony Marking Milestone for LGBTQ+ Advocacy Los Angeles County Supervisors convened Tuesday to inaugurate the county’s...

Students for Justice in Palestine Establish Third Encampment on the UCLA Campus on June 10

June 12, 2024

June 12, 2024

UCLA Administration Calls in Four Police Groups Within Two Hours, Arrests 27 Pro-Palestinian protesters briefly established a third encampment on...

Los Angeles City Council Postpones Vote on Marilyn Monroe’s Former Home

June 12, 2024

June 12, 2024

Decision on Historic Monument Status Rescheduled for June 26  After Judge James Chalfant issued a preliminary decision on the motion...

AMC Theatres Unveils Eight Money-Saving Deals for Summer Movie Season

June 12, 2024

June 12, 2024

Enjoy Discounted Tickets, Special Promotions, and Fan Favorites at AMC If you are a movie lover who has not been...

Hang-Ten Therapeutics-Surf Therapy for Kids: Catching Waves and Finding your Calm

June 12, 2024

June 12, 2024

A different type of therapy is making waves in Los Angeles. Hang-Ten Therapeutics, founded by Naomi Matanick, a licensed pediatric...

(Video) The Opening of Pico Roots Marketplace in Santa Monica

June 12, 2024

June 12, 2024

Lots of friendly vendors with wonderful gifts, cards, clothing, decor, and coffee beans available at 1819 Pico Boulevard. @centurycitywestwoodnews The...

Tien Pham Connects Personal History with Role in Robert Downey Jr.’s “The Sympathizer”

June 11, 2024

June 11, 2024

Family’s Harrowing Escape From Vietnam Mirrors the Acclaimed HBO Max Series Vietnamese American actor-musician-producer Tien Pham finds a deep connection...

The Coffee Bean & Tea Leaf Debuts Refreshing Summer Menu with New Boba and Matcha Drinks

June 11, 2024

June 11, 2024

Enjoy Four New Beverages and Exclusive Boba Happy Hours from June 10 to June 13 The Coffee Bean & Tea...

FDA Issues Warning on Potentially Contaminated Shellfish from Oregon and Washington

June 11, 2024

June 11, 2024

Shellfish From These Areas Carries Risk of Paralytic Shellfish Poisoning The FDA has issued an alert advising consumers, restaurants, and...

(Video) Pro-Palestine Student Protesters at UCLA Set Up a Third Encampment on Monday Afternoon

June 11, 2024

June 11, 2024

UCPD and the UCLA Administration almost immediately called in UCPD, LAPD, Culver City Police Department and California Highway Patrol officers....

Pride in the Park: Love, Music, Glamour and Excitement

June 11, 2024

June 11, 2024

Photos from the Concert and Event For Pride 2024 As Pride Month marches on, 2024’s Pride in the Park, produced...

Shutters on the Beach Brings Beachside Spring Celebrations 

June 11, 2024

June 11, 2024

As spring unfurls with super blooms and sunsets after 7pm along the California coast, Shutters on the Beach emerges as the most...

In-N-Out Has Raised Prices Again, But Is It Really About Minimum Wage?

June 11, 2024

June 11, 2024

Prices at the Southland Restaurant Chain Have Been Rising for Years The prices at one of Southern California’s favorite burger...

Mar Vista Residents Alarmed by Surge in Aggressive Coyote Encounters

June 11, 2024

June 11, 2024

String of Attacks on Pets, Daily Sightings Intensify Community Concerns Coyotes are unnerving residents in Mar Vista after a series...

Hotel Casa Del Mar: The Epicenter of Springtime Diversions

June 11, 2024

June 11, 2024

Hotel Casa Del Mar stands as a beacon of vibrant coastal charm on Santa Monica Beach. Perfectly poised, the hotel’s...