The Top 5 Reasons Real Estate Deals Fail To Close
While the majority of home sales close on time, there are some that are delayed or cancelled altogether. Here are the five most common reasons for a delayed settlement.
Issues relating to obtaining financing - 32%
Appraisal issues - 20%
Home Inspection and environmental issues - 16%
Titling and deed issues - 11%
Contingencies stated in the contract - 6%
Getting your home listed and an offer in hand is only the beginning of the process. Many things can happen between accepting an offer and closing escrow. My job is to ensure that you get the best deal possible, and the best deal isn’t always the most amount of money offered. After all, what good does it do to accept an offer that falls out of escrow. When that happens, you’ve lost precious time, and you have to start all over again. My job is to help you choose the right offer with the greatest likelihood of closing on time.
Avoid chaos at closing by hiring a knowledgable Realtor to help you over the hurdles. As a Realtor specializing in Southern CA residential real estate, I can help you avoid the most common reasons for your home not closing. Let’s have a conversation to discuss your real estate needs. I’m here to help.
(Lou Serrano is a Southern CA licensed REALTOR® based in San Dimas, CA with extensive knowledge of the East San Gabriel Valley.)
