Barb Schlinker The Real Estate Voice

Segment 3 - Top 6 Reasons Why Pending Home Sales Fall Through!Barb, I know that not every contract sale goes through, what are the top reasons why Pending Sales might Fail?The good news is that it does not happen very often. When it does typically it happens early in the process. Seller’s agent then often finds they have to explain to subsequent buyers why the deal fell out.#1 – Buyer’s Remorse• Caught up in a multiple bid• Happens during buyer due diligence phase• After reconsidering thought they paid too much• Waived a contingency they did not want to waive#2 – Home Inspections• Buyers' home inspection reveals too many issues for buyers• This is why getting a pre-inspection is helpful for Home Sellers• Typically will offer to fix or offer a financial credit, or use a home warranty• Most of the issues can be resolved• It is another point after the initial contract negotiation#3 – Low Appraisals OR Appraisal Conditions• Appraisers' job is to assign a value for the lender and substantiate it meets lo