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Recently, I heard a story from someone who just had a miserable escrow process. As I learned more about what was really going on, it sounded like the person was experiencing was what usually happens during escrow. So, why was he so upset?
It was pretty clear that the biggest problem was not knowing what to expect. The agent didn’t set expectations up front. A good agent should tell their clients all the things that could go wrong during the escrow process. There could be financing issues, appraisal issues, renegotiations, a closing on a holiday, title issues, and HOA issues, among many other things. This is only a small list of the many things that could go wrong in the escrow process. It’s complicated, and the client should be told that up front!
A good Realtor should set expectations for each phase of the buying and selling processes. As a client, you should be aware of everything that could go wrong so you’re not surprised when something goes off course!
If you have any questions about this or any other topic, please don’t hesitate to reach out to us. We would love to hear from you!