Common Issues That Delay Real Estate Closings

For eight years, Nathaniel “Nathan” Brown led Auto House, a car dealership with a 4.9-star rating on cars.com, as owner. Under his leadership, Auto House grew to two locations, one in Salisbury, North Carolina, and another in Mooresville. Outside of running his own business, Nathan “Nate” Brown has worked in the real estate industry for more than a decade and is known for his ability to close deals quickly.

Below are several things that may delay the closing of a real estate transaction:

Issues with the title

The most common reason for a delayed closing is an issue with the title. Most sellers are unaware of existing property liens when they list their real estate for sale. In turn, this causes frustration for buyers who have to wait until title issues are resolved and delays the closing.

Unrealistic expectations

On average, it takes about 45 to 60 days for a real estate transaction to close. But buyers often underestimate this time and expect their deal to close much sooner. When the closing date isn’t realistic, buyers often have to push the closing date back.

Problems with the appraisal

Bank appraisals are a huge part of real estate transactions when buyers are seeking a mortgage. Despite the routine nature of this work, there are many common problems that may delay the bank appraisal. This can result in a delay in the closing date as well.

Last minute repairs

When buying property, it’s very important that individuals get an inspection done. Any necessary repairs are noted during these inspections and property owners often agree as part of the contract to complete the repairs before a final inspection. However, neglect, miscommunication, and other issues may keep these repairs from being done or being done properly. Further, the final inspection may reveal additional problems that must also be addressed.

Time Management Tips for Entrepreneurs

Long-time entrepreneur Nathaniel (Nathan) Brown has founded several successful ventures in the auto sales industry, including Auto House. Nate Brown was able to start his businesses while working in asset acquisition for real estate management firm Alberk Properties. Nathan Brown attributes his success to his determination and ability to meet self-imposed deadlines.

Good time management skills are essential for entrepreneurs, who often have to handle several important projects at once.

Entrepreneurs benefit from breaking down complex projects into simple, more manageable tasks. For example, a new campaign can be reworked into multiple phases, each containing a series of smaller tasks. This way, the entrepreneur has a better understanding of his or her progress and can identify and address potential bottlenecks and plan accordingly.

Paradoxically, taking breaks can also boost productivity. Though some entrepreneurs associate busyness with progress, an overloaded schedule can actually result in frustration and burnout. Scheduling short, frequent breaks away from the desk help entrepreneurs relax and refocus, enabling them to complete their work more efficiently.

Consumer Reports Defines Best-Value Cars From Years Past

A respected presence in the Salisbury, North Carolina, business community, Nathanial “Nathan” Brown guides Auto House and emphasizes outstanding customer service that builds dealership loyalty. Focused on growth, Nathan Brown maintains a pulse on the used car market, which continues to perform well in 2018. 

A recent Consumer Reports article brought focus to top preowned models that offer a winning combination of performance and value for a range of budgets. Within the budget compact category, both the Toyota Matrix and the Pontiac Vibe from 2008 to 2010 achieve stellar marks, as they combine spacious hatchback designs with reliability. 

In the budget midsize sedan category, the sporty Mazda6 from 2009 to 2011 comes out as a clear winner, with its fuel-efficient four-cylinder engine and responsive steering and handling. 

At a higher price level, the compact 2012-2015 Toyota Corolla combines comfort and fuel efficiency, while including desirable safety features such as ESC and curtain airbags. For sedans, the 2010-2013 Toyota Camry and the 2008-2011 Acura TSX come out on top. The Acura TSX was applauded by Consumer Reports for its attractive design, based on Honda’s European-model Accord.