Sound Off: What are some common mistakes buyers or sellers make during the transaction process?

"Success depends upon previous preparation, and without such preparation there is sure to be failure. Some common real estate transactions can be avoided through clear communication and working backward from critical deadlines. For example, buyers will wire 3% of their down payment into escrow within one to two business days but may not realize wires typically must be initiated before 2 p.m. local time to meet bank cutoff deadlines."

"In the Bay Area underestimating how long it takes to liquidate stocks also occurs. It takes several business days, which can delay funding if not planned early. Same thing with contingencies. Booking an inspection appointment must happen on day one, not day five or 10 because inspectors are often booked out a week."

"For sellers abroad, closing documents need to be signed at a US embassy or consulate, and appointment availability can create unexpected delays depending on the country. A clear checklist of actionable steps during escrow ensures that when deadlines arrive, clients are prepared instead of reacting to the day of, which is often too late to meet the deadline."

"When buyers engage multiple agents to try to find the best fit-before identifying their top selection criteria - they create frustration for everyone. Knowing what you need helps you zero in on the right agent quickly. Also, consulting with a financial advisor, CPA, and lender before you start shopping for an agent - or a home - is crucial. Buyers also need to embrace quality agent instruction about hyperlocal pricing culture around the Bay in order to be competitive."

Real estate transactions can fail when critical deadlines are missed due to insufficient preparation. Wire transfers for down payments often require initiation before 2 p.m. local time to meet bank cutoff deadlines, even if escrow expects funds within one to two business days. Liquidating stocks can take several business days, so funding must be planned early. Inspection appointments must be booked on day one because inspectors are frequently scheduled a week out. For sellers abroad, closing documents must be signed at a US embassy or consulate, and appointment availability can delay closing. A clear escrow checklist helps clients prepare in advance rather than reacting at the last minute. Buyers can reduce inefficiency by defining selection criteria before contacting multiple agents and by consulting a financial advisor, CPA, and lender before shopping. Sellers benefit from preparing the home to avoid limiting buyer options.

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