In this video, Michael and Sarah discuss real estate challenges and how to effectively manage them with clients. Topics include handling floodplain issues, understanding insurance claims, managing closing delays, and setting expectations for sellers on closing costs and open houses.

SCENARIO ONE:
02:07 Handling floodplain issues in contracts

SCENARIO TWO:
09:45 What to do when a closing doesn’t fund the same day

SCENARIO THREE:
18:29 Understanding miscellaneous seller costs at closing
20:18 Addressing seller credits and sale price adjustments

SCENARIO FOUR:
31:10 Managing open house expectations with sellers

SCENARIO ONE:

What if the buyer calls to get insurance on their new home and finds out that the seller pocketed the money they received from the roof claim?

SCENARIO TWO:

What if the seller decides that they don't want to sell a week prior to closing? The buyer has performed as expected.

SCENARIO THREE:

The agent miscalculated the proceeds that the sellers would receive on a net sheet.

https://www.mortgagecalculator.org/

SCENARIO FOUR:
The agent did not disclose that they were a dual agent.

SCENARIO ONE:

what happens if the seller refuses to close, the transaction never funds but the buyer has already moved in?

SCENARIO TWO:

what happens if the buyer's agent misses the inspection notice deadline?

SCENARO THREE:
what happens if the buyer's agent forgets to include an appraisal rider on the sales offer and then the appraisal comes in low?