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You need to sell your County, State house fast. Luckily you receive an acceptable offer, agree on a closing date, and pack your furniture for an eventual move. Then weeks into a real estate transaction, you receive a call from your attorney or real estate agent to inform you that the closing will be delayed.
You are left hanging, not knowing what to do. Should you continue with the real estate sale or terminate the current deal and look for a new buyer? The wait, from the time you sign a sales contract until the closing can be one of the most frustrating aspects of selling a home.
An appraisal is required by the buyer’s lending institution to determine the home’s fair market value…