Common Problems with Buying & Selling a Home in Mississippi

The purchase of a home is often the greatest investment a couple will make in their lifetime. Yet there are a series of problems which often occur after the closing of the sale and purchase that could be avoided if the proper process is followed. I call this process the Home Sale Solution©.

The following are problems which can be avoided:

1. Foundation breaks - doors do not shut, walls crack, windows do not close and brick cracks.
2. House is built over subdivision set back lines and too close to the lot line.
3. Termite damage is found after the closing/no termite inspection report at closing.
4. At closing seller’s net proceeds are substantially less than expected.
5. Water gets in house from flooding or heavy rain on a regular basis.
6. Purchaser walks away from (defaults on) contract before closing.
7. Unreleased liens after closing that hinder refinancing.
8. Uncompleted punch list and uncompleted landscaping.
9. Hidden Damage/or damage repair that’s not disclosed.
10. Unpaid Homeowner’s Assessments or special assessments.
11. Mortgage payment increases because of inadequate escrows.
12. No Survey.
13. Property located in a flood zone.

These problems can be avoided. Future Blogs will address this list of problems and their solutions. This process is the Home Sale Solution©.