Top 15 mistakes or issues happening in the Real Estate Business!


Are you looking for real estate templates to improve your efficiency and effectiveness, and reduce the chance you are making mistakes with your real estate investments? These real estate templates will help you out!

With the definition "real estate", we focus on the "buy or rent out"of condo’s, homes, commercial buildings, etc.

There are many things can wrong with real estate business, for example:

  1. The first mistake: not to have a tolerance for mistakes. … and therefore not start buying real estate. Making a mistake is common for us humans. However, repairing, recovering and overcoming your mistakes is the real entrepreneurial spirit you need if you start in this business!
  2. They buyer didn’t do a proper inspection yourself or trust a person that was not capable enough. After purchase issues come up, such as problems with the foundation, roof, chimney, wiring, plumbing, positive tests for lead-based paint, asbestos or another major component of the real estate.
  3. During the final walkthrough, the buyer finds new defects or unfinished repairs or after the inspection is performed, and the inspector finds a significant problem which requires an expert for a second opinion. And no expert could be arranged before the buyer’s termination-option deadline.
  4. The buyer has difficulty qualifying for a loan.
  5. The seller tries to stop the progress of the deal and do not want to enter into an agreement anymore with the buyer because another buyer offered a higher price.
  6. The buyer cancels the purchase because he gets cold feet or he/she may have found a nicer real estate to purchase.
  7. A major personal issue between the real estate owner and the buyer or the real estate owner(s) are quarreling (divorce) and not really want to sell at all.
  8. There could be a problem in the ownership title creating an issue to close the purchase in a timely manner or according to the agreement.
  9. A deposit may not have come in on time.
  10. The real estate sustains damage caused by fire or flood before the closing happens.
  11. The loan commitment could be very bad and the question could come up that the commitment is not sufficient.
  12. Issues with the purchase contract, for example, if the wrong location is mentioned.
  13. The buyer moves in (on a temporary lease) prior to closing and causes damage to the real estate.
  14. The seller stays in the real estate after closing (on a temporary lease agreement before he/she finds another place) and causes damage to the real estate (consider this issue when making a purchase contract: Proposal to Purchase Real Estate
  15. The real estate may not rise in value or the real estate appraisal comes in lower than the paid purchase price.

In the end, the agreements made regarding the purchase for buying and selling real estate become something of a matter of good faith, due diligence and relative trust between all stakeholders involved. Let our templates inspire you and reduce the chance for issues to happen: 

template preview imageAssignment Of Contract Real Estate

Assignment Of Contract Real Estate

How to create an Assignment Of Contract Real Estate? Download this real estate Assignment Of Contract Real Estate template now!

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template preview imageMortgage Agreement Template

Mortgage Agreement Template

Download this Mortage Agreement template and after downloading and modifying you can customize every detail and appearance and finish this agreement in minutes.

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template preview imageProposal to Purchase Real Estate

Proposal to Purchase Real Estate

Download this Proposal to Purchase Real Estate template and after downloading you can craft and customize every detail of its appearance very quickly.

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Free notice nonpayment of rent

Download this Formal Notice of Nonpayment rent template and after downloading you can craft and customize every detail of its appearance very quickly.

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template preview imageFormal Notice Terminate Tenancy-At-Will Landlord

Formal Notice Terminate Tenancy-At-Will Landlord

Download this Formal Notice Terminate Tenancy-At-Will Landlord template and after downloading you can craft and customize every detail of its appearance very quickly.

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template preview imageComplaint Form about Rental Agreement for Tenant

Complaint Form about Rental Agreement for Tenant

Download this Tenant Complaint Form about Rental Agreement template and after downloading you can craft and customize every detail of its appearance very quickly.

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template preview imageCommercial Real Estate Tenant Application Form

Commercial Real Estate Tenant Application Form

Download this Commercial Real Estate Rental Application template and after downloading you can craft and customize every detail of its appearance very quickly.

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template preview imageOpen House Sign In Form Example

Open House Sign In Form Example

Download this Open House Sign In Sheet Real Estate Visit template and after downloading you can craft and customize every detail of its appearance very quickly.

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template preview imageMonthly Amortization Schedule Excel

Monthly Amortization Schedule Excel

Download this Mortgage amortization calculator template and after downloading you can craft and customize every detail of its appearance very quickly.

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template preview imageShort-stay rental investment analysis sheet

Short-stay rental investment analysis sheet

Download this Shortstay rental investment analysis tool template and after downloading you can craft and customize every detail of its appearance very quickly.

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template preview imageConstruction Contract Template

Construction Contract Template

Download this Construction Contract template and after downloading you can customize every detail of this legal construction contract very easy and quick.

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template preview imageOpen House Sign In Sheet

Open House Sign In Sheet

Are you organizing an Open House visiting event? Download this easy to use Open House Visitor Sign in Sheet now!

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Apartment Evaluation Checklist

Download this Apartment Evaluation Checklist template when you are on an apartment hunt and need a tool in order to help you make the right decision!

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template preview imageProperty Management Agreement

Property Management Agreement

Download this Property Management Agreement template is if you are owner of a property and need a Management agreement

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template preview imageAirbnb Sublease Agreement

Airbnb Sublease Agreement

Are you looking for a Sublease Agreement for renting out a house via AIRBNB? Download this AIRBNB Sublease Agreement now!

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template preview imageNotice To Terminate Tenancy At Will By Landlord

Notice To Terminate Tenancy At Will By Landlord

How to create a Notice To Terminate Tenancy At Will By Landlord? Download this letter giving notice to terminate tenancy template now!

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Kenzi Chapman Kenzi Chapman

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