When The Buyer Backs Out: Real Estate Sales SolutionsWhen The Buyer Backs Out: Real Estate Sales Solutions


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When The Buyer Backs Out: Real Estate Sales Solutions

The first time I sold a house, I had no idea that the buyer could back out of the contract partway through. I was taken aback when it happened to me, and my real estate agent had to explain the process of terminating the contract and requesting the earnest deposit. After the contract was terminated, I spent a lot of time researching why a buyer could back out of a sale, what I could do about it as the seller, and ways to minimize the risk of it happening. I created this site to share what I've learned in the hopes of preventing other homeowners from experiencing what I did. I hope it helps you to be better prepared as you sell your home.

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Tips For Parents Who Are Afraid Of Their Children Getting Locked Out

If you are a parent that has children that are about old enough to start being allowed to go places by themselves, you are going to need to think about giving your children their own keys. This is important because it will allow your children to come and go without you necessarily needing to be there to let them in or lock the door behind them. However, you might worry that your child might forget his or her key and become locked out. Here are some tips for dealing with this possible problem.

1. Hide a Key

One option is to hide a key somewhere on the outside of the house so that your child, should he or she forget his or her key, can still get into the house. The problem with this method is that, if your child can find a key, there is a decent chance that a potential burglar could also find the key. This is a security vulnerability that you will have to think carefully about before risking.

2. Leave a Key With a Neighbor

A slightly better option than hiding a key outside is to leave a key with a neighbor. You want to be sure that you choose a neighbor that interacts with your children regularly and therefore knows what they look like. This neighbor can give your children a key to the house should they forget theirs. This is better because there is a reduced chance of a burglar stealing the key and being able to use it. However, it would be a problem if your children forgot their keys and the neighbor that you gave the key to was not home. You could mitigate this problem by giving a key to a second neighbor.

Make sure that you get your children in the habit of giving the key back to the neighbor immediately after using it to open the door.

3. Create a Contingency Plan

If the neighbor or neighbors to whom you gave the key are not there when your children get locked out, you need to make sure that there is a plan in place so that your children have somewhere to go. One option is to have them go to a nearby public building, such as a library, and call you. Another option is to have them wait in the yard if the weather is good. Make sure that you have a plan so that your children know where to go and can stay safe.

For more information, talk to a company that specializes in lockout assistance. They might have some clever ideas for making sure that your children can get into the house.