Saturday, November 17, 2018
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Licensed by the Louisiana Real Estate Commission, Independently Owned & Operated
2925 Highway 51
LaPlace U.S.A., Louisiana 70068

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Once a settlement date is set, can it be changed?

Handtruck Settlement it the last step in home buying - before the moving begins, that is! Sometimes called closing, settlement is where the seller receives the funds from the buyer and the buyer gets proof of ownership. While everyone does their best to meet the settlement date, it is important to remember that many things can crop up to delay the settlement.
For instance:
  • Credit problems

  • Problems with buyer's credit history that must be explained.
  • Paperwork delays

  • Unforeseen delays in processing lending paperwork.
  • Appraisal problems

  • Delays in property's appraisal.
  • Contingencies

  • Inspections and/or repairs that must be completed before settlement.
  • Unresolved liens

  • Liens against the property that need to be resolved.
  • Personal Problems

  • Personal problems (such as a death in the family) that lead to rescheduling.
Remember, delays in settlement do not necessarily mean the transaction is falling apart. Most transactions do eventually go to settlement. Many problems can be straightened out in a day or so. The key is flexibility.
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QUALIFIED How Much House Can You Really Afford?
TIRE KICKING Secret Tests To Check A Property's Condition
LOCATION LOCATION: The Most Important Questions Every Buyer Should Ask
NEGOTIATE How To Buy The Home You Love At The Price You Want
SEARCH Quick Checklist For Finding The Perfect Home
INVEST YOUR RENT Why Pay Your Landlord's Mortgage?
MORE FOR LESS Six Tips For Getting The Best Loan
OPTIONS 10 Savvy Ways To Pay For A Home Today
SHELTER Six Little-Known Ways To Help Relatives Finance A Home
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