The caveat “Buyer Beware” just doesn’t get old. While this message is not a paid endorsement by the National Association of Realtors; proper representation in lease to own and any other home buying/selling transactions will serve you best and keep you from the clutches of the “gotchas”!
I have lambasted the real estate industry on more than one occasion for issues I have with inconsistencies and the things that I categorize as unfair practices due to the adverse impact they have on consumers.
At this point, our industry has become an exercise in vigilance and maybe that’s not the worst thing. You just have to make sure that you hire the very best Realtor, mortgage lender, and home inspector possible so you know they are staying current on the stuff that changes daily to ensure that you’re equipped for every eventuality.
At the end of the day, this is no “fill in the blanks, sign here, and submit industry”…we’ve become a “you’ll-shoot-yourself-in-the-foot-unless-you-learn-how-to-stay-a-couple-of-steps-ahead-of-absolutely-everything” kind of industry!
Now anyone who has bought or sold a home knows that the contract gets faxed back and forth during the price negotiation and when dates get changed and when various addenda are added and adjusted. And now you also know that if you forget the E. in Wile E. Coyote, you’re beating a path back to the copy room as the clock continues to tick.
At the end of the day, we’ve gone to Infinity and Beyond with dotting I’s and crossing