3 Events That Can Stress a Real Estate Transaction

There are a few major events that can happen in a person’s life that might cause undue stress in a real estate transaction. Today I want to talk about a few of the most common. 

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When people are facing difficult times, they tend to make the same mistakes as it relates to real estate. My hope is that if I can share some of those mistakes with you, if you ever find yourself in a similar stressful situation, then you won’t make them yourself.

The first thing I wanted to talk about relates to suddenly losing your job. If you lose your job and you’re still able to make your mortgage payments on time, continue doing so until you can find another job.

If you are unable to keep up with your mortgage payments, you need to call your agent immediately and discuss a game plan that you can put into action to help get you out of that situation.

Another time where things can get very stressful is when you are going through a divorce. A divorce is already stressful enough, and when you throw real estate into the mix, it can become a mess.  

There is no one-size-fits-all solution to handling real estate.

You’ll need to figure out what the best course of action is for you and the other party, and then we can come in a help facilitate whatever that decision is in regards to the property, whether it be a buyout or just a sale of your home.

Another trying time that can cause stress around real estate is the loss of a loved one. When somebody passes on, I believe there is a natural grieving process that needs to take place. Usually what happens is people tend to move too quickly, or they hold onto the property for too long.

I generally tell my clients to take the time they need to grieve their loss, and then we can sit down and make a game plan about what makes sense for them once that grieving process has concluded.

The most important thing to remember is that there is no one-size-fits-all solution to handling real estate. We have to take a look at every unique situation and handle it appropriately. We want to make sure that you know that we are available to answer any questions you may have.

If you have any other questions about this topic, please give me a call. I’d be happy to help.