The real estate closing process is a critical step in buying and selling real estate. It involves the preparation of legal documents, payment of closing costs, and the transfer of ownership from the seller to the buyer. But what if you are unable to close on your home? In today's episode, Adrian and Ariel share tips for what you should do if you are in this situation, either as a buyer or seller, to keep the process as smoothly and efficiently as possible. Make the right decisions to avoid losing your deposit or going to court. Watch Episode 224 now to learn more! ************************ 0:14 – Intro 3:39 – You are liable for the shortfall and associated expenses of re-selling 5:14 – Let the lawyers do the negotiation 5:55 – You can forgo the deposit if the seller accepts 6:37 – Be cautious when accepting compensation from the other party 7:47 – Don't leave your decisions at the last minute 9:28 – Don't overestimate the value of your home 12:22 – Outro ************************ Want more real estate podcast discussions? Watch it here: youtu.be/uLhNb8fdHt4 Listen to it here: http://www.soundcloud.com/ktrealty Catch clips and highlights of the show here: http://www.instagram.com/kormendytrott ************************ Our Social: Instagram: www.instagram.com/kormendytrott
 YouTube: www.youtube.com/user/kormendytrott
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LinkedIn: www.linkedin.com/company/ktrealty 
Pinterest: www.pinterest.ca/KormendyTrott 
TikTok: www.tiktok.com/@kormendytrott?lang=en ************************ After successful careers in the automotive industry, entrepreneurs Ariel Kormendy and Adrian Trott decided to inject their passion for growing a brand and providing unrivalled service into the real estate industry. Kicking off their careers in 2011, they quickly became a top-performing team in Canada. Originally a team of two real estate agents in Milton, The KT Team quickly grew to a large team of exceptional REALTORS®, an administrative department and an in-house media department, taking their proven processes and unique services across most of the Golden Horseshoe. Follow them on social for behind-the-scenes footage, real estate tips, industry secrets and more.