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Selling a house involves a lot of negotiation over aspects like price, repairs, and even the final closing date. While remaining firm on some of these factors might be especially important, you should consider being flexible with the title closing date. This can help you make a faster sale at the best price possible. Below are a few reasons to give a little leeway when finalizing a real estate sale transaction.

Why Should Sellers Be Flexible About Closing Dates?

1. Provides Bargaining Leverage for Other Details

Whether it's because they still need to sell their existing house or line up a mortgage, some potential buyers might not be able to close by your preferred date. Being flexible when setting a title closing date might be slightly inconvenient for you, but it can also give you more leverage when negotiating other aspects of the sale.

The interested party might be willing to pay your asking price if you extend the closing by a week or two. They could also drop requests for certain repairs and upgrades as long as the sale's finalization works with their time frame.

2. Reduces the Risk of Unexpected Issues

title closing

Real estate transactions are complex and involve many steps that could potentially derail or delay a sale. The property inspector might find signs of termite damage, or the lender could request additional documents at the last minute. Although your sales agreement likely specifies a closing date, being open to schedule adjustments gives both you and the buyers time to deal with unexpected problems that might crop up.

3. Attracts More Buyers

Sometimes homebuyers need to close by a certain date that doesn't coincide with your schedule. They may be relocating their family from another city for a new job that has a definitive start date, or they might already have a title closing scheduled for their current home. Offering closing date flexibility makes your property attractive to a wider range of buyers since they won't feel constricted or rushed based on a firm timeline. You may even receive competing offers, which could lead to settling on a higher asking price with more favorable terms for you.

 

If you’re buying or selling a home in Dakota County, MN, First Financial Title Agency of Minnesota, Inc. has the expertise to guide you through every step of the transaction. Their team has over 400 years of combined experience with each aspect of closing, making them a one-stop shop for all the services you need. They offer title insurance, abstracting, and owners and encumbrance reports, as well as in-house attorneys for your convenience. Visit them online to learn how they can make your title closing seamless, or call (952) 831-5010 to speak to a friendly staff member.

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