There’s a misconception that’s bit one of my current transactions, and many others: “once I have an accepted offer, the house is mine”. In a real estate transaction, ownership changes when “numbers are recorded” at the county office. When the deed for the property is filed at the county office, that transaction is given a unique identification number. Only then is that property yours (if you’re the buyer. As a seller, it’s still your responsibility until that happens).
Not understanding this can cause headaches for both buyer and seller. Seen it first hand, and, after consulting with colleagues, heard many horror stories.
Your Thursday thought. Go and do great things.
