real estate closing horror stories

A common horror story is issues with the title. For example, there were unexpected liens on the property. The closing couldn't happen until these were sorted out. It involved a lot of legal wrangling between the parties and the title company. The buyer was left in limbo, not knowing if they would actually get the property they had been planning to buy.

Sure. In one instance, the home inspection report was misfiled. At closing, new issues were discovered that should have been addressed earlier. The buyer was furious as they thought everything was in order. This led to a very tense closing meeting with the seller trying to shift the blame.

In one real estate closing, the buyer showed up wearing a very strange hat. It was a big, floppy hat with a bunch of feathers. Everyone was trying not to stare but couldn't help it. And the buyer just played along, saying it was their 'lucky real estate hat'. It made the whole closing process more memorable and humorous.

Well, at a real estate closing, the buyer brought a really large family with them. There were so many people in the small closing room that some had to stand. And the kids were running around being noisy. But when it came time to sign, one of the kids accidentally knocked over a glass of water onto the papers. Everyone panicked for a second, but then just laughed it off as they dried the papers.

I know of a real estate closing where the power went out suddenly. So, they had to finish the closing using the flashlight on their phones. The agent was trying to read all the legal jargon in a spooky flashlight - lit room. It was quite a comical situation, and they all still managed to get everything done.

There was a closing where the seller had left a bunch of old, wacky furniture in the house as a joke. When the buyer walked in for the final inspection before closing, they were greeted by a room full of giant, plush animal-shaped chairs. It was so unexpected that they couldn't stop laughing. The seller had to come and explain that it was just his way of having some fun with the whole process.

One horror story is when an appraiser underestimated the value of a house due to a simple mistake in measuring the square footage. The owners were trying to sell and based on the low appraisal, they had to lower their asking price significantly, losing out on a lot of potential profit.

One horror story could be about buying a property near the beach. The buyer was promised a beautiful ocean view, but after purchase, they found out that a new high - rise was planned right in front of their property, blocking the view completely. Another might be a situation where a person bought a house in a seemingly nice neighborhood, only to discover later that it was in a flood - prone area and the real estate agent had not disclosed this fact. And there are cases where people bought properties with legal issues, like the title not being clear, and they ended up in long and costly legal battles to try and sort it out.

A person bought a property in Toronto with the intention of renting it out. However, it turned out that the property had a legal dispute over the land it was built on. The previous owner hadn't fully resolved some zoning issues. As a result, the new owner couldn't get the proper permits to rent it legally and had to go through a long and expensive legal process to sort things out.

Well, one horror story is when a wholesaler thought they had a great deal, but it turned out the property was in a legal dispute and they couldn't sell it. Another could be when they underestimated the costs of renovations needed and ended up with a property that was impossible to flip profitably.