4. Unrealistic Seller Expectations and Pressure Tactics
Some sellers may have unrealistic expectations regarding price or terms, making negotiations difficult. Additionally, without an agent, you might face high-pressure tactics from sellers or their representatives.
How Homa Helps: Homa provides scripts you can use to interact with the listing agent, making sure the conversation stays professional. And with AI-powered insights, you can feel confident that you have the right information to negotiate strongly on your own behalf.
5. Financing Hurdles
Finding the right mortgage lender without an agent’s referrals can seem stressful. The mortgage process is complex, and choosing a lender with unfavorable terms could cost you thousands over time.
How Homa Helps: Homa’s AI assistant can help you understand loan options and answer your initial questions, then can connect you with a local, trusted lender who can get you pre-approved with the best terms.
6. Inadequate Property Appraisal
A low appraisal can impact financing and your ability to close the deal. If the appraisal comes in below the agreed price, the lender may not approve the loan amount, leaving you with a funding gap.
How Homa Helps: Homa sets you up for appraisal success by suggesting a reasonable offer price from the start. But if you do end up having an appraisal issue, Homa's AI assistant can help you negotiate with the seller to come to a mutually beneficial agreement. If you ultimately can't come to terms, Homa's addendum generator can help you quickly and easily draft a contract cancellation request.
7. Complex Legal Documents and Closing Delays
Real estate transactions involve numerous legal documents, and without professional guidance, you risk missing critical terms or conditions. Misinterpreting legal jargon could result in unfavorable contract terms, unexpected fees, or closing delays.
How Homa Helps: Homa helps break down common real estate contracts and explain key terms. It also provides a closing checklist to help you stay on track and ensure a smooth transaction on your side. If needed, Homa's AI assistant can refer you to a local attorney.
