Common problems that occur during the process of buying or selling real estate.

People change their minds about buying or selling.

A seller's replacement transaction fails.

Buyer's commitment for down payment does not materialize.

Co-signer for buyer reconsiders.

The buyer's committee (family & friends) is negative about the property.

Seller's neighbors and friends advise seller not to accept a lower price for the property.

Seller discovers after accepting an offer, a large prepayment penalty is due upon sale.

Loan rates increase. The buyer's credit is flawed.

Inspection reports are negative. Remedies are overwhelming. Buyers and sellers can not negotiate a compromise.

Septic system is inadequate, old or leaking.

Well water is subject to seasonal contamination.

Well water supply is inadequate.

Title report reveals unresolved issues:

• Foreclosure notices
• Encumbrances for more than the sale price
• Unexpected assessments or bonds
• More owners on title than on agreement to sell
• Deceased parties still on title

Reconveyances not completed on paid loans

Easements restricting use or expansion of property

Covenant, conditions and restrictions prohibiting certain activities and/or uses of the property.

Inconsistent information from different "official" sources.

City resale inspections reveal problems:

• Code violations in the building systems
• Additions completed without a permit
• Illegal use of property; i.e. rental, home business, farm animals
• Insufficient smoke detectors
• Unstrapped water heaters
• Inadequate spark arrestors, fire doors and/or handrails
• Square footage of house and/or parcel is inaccurate

Tenants can be uncooperative and resistant to showing the property.

The other principals are embroiled in a complicated divorce.

Divorce is not final. Absent spouse needed to sign quit claim deed.

Tax consequences are discovered after a purchase agreement is signed.

The loan documents are late because of a backup of work for appraisers, loan processors or loan agent.

Funding is delayed.

Payoff demands of existing loans delayed.

Movers can't be re-scheduled on short notice.

Seller removes fixtures included in purchase agreement.

Seller leaves personal property buyer doesn't want.

Seller removes personal property that buyer does want.

We, at The Madison Company, cannot tell you what will be the complexities of your real estate transaction, nor can we prevent problems from arising. But we will be YOUR tireless advocate in resolving the conflicts and making the experience the best possible for you.