No one likes to lose deals, especially when it’s so close to closing. As they say, an ounce of prevention is worth a pound of cure. That definitely holds true in real estate. But as an investor, what can you do to prevent any issues from derailing a deal? Lots of things actually. That’s going to be our focus for today’s training. Ready to get started?
Write This Question Down So You Don’t Forget It
Let’s get right to the goods. In order to prevent issues, you need to be proactive about all the details that go into closing. Ultimately, it’s about controlling the situation to the best of your ability so you can foresee and sqaush any potential problems. So, at the beginning of every deal, ask yourself this very important question. In fact, write it down so positively will never forget to use it:
If you were to close today, what potential issues could prevent you from closing.
Think of it this way, no one wants to close a deal as badly as you do. To that regard, no one has more vested interest in making sure everything goes as smoothly as possible. TAKE RESPONSIBILITY FOR ALL the paperwork, communication, etc so no one else has the opportunity to drop the ball.
It’s Your Job To See Potential Issues
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