Industry News

Real Estate Transaction from hell

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Editor's note: One of the most amazing things about the real estate business is that no two transactions ever go sour exactly the same way. The difference between closing the transaction and having it "DFT" (deal fell through) is directly correlated to the agent's problem-solving skills and how well the agent's represent their client's interests. Inman News would like you to share your personal "Transaction from Hell" that you successfully or unsuccessfully closed. Be sure to provide the "gory details" and what you did to close the transaction. We will publish the best of these in future columns. Send to: An older couple, we'll call them John and Mary Jones, purchased a house in the Southeastern Columbia area. They didn't know, nor were they advised by their agent to have a home inspection, even though the house they were buying was more than 30 years old. The couple didn't even know they had the right to a final walk-through inspection prior to closing. Apparently, ...