The TOP REASONS most home purchases FALL THROUGH

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Yes, some home sales don’t make it to the closing table. There are many reasons that the purchase of your home can fall through. This can be a nightmare for home sellers if you are relying on the sale of your home to purchase another one.

The good news is that approximately 9% of home purchases fall through. So, you have a 91% chance that you will make it to the closing table.

As a seller, you can head off any problems before they occur.

You know your home better than anyone. The quirks, the noises, and what really needs to be done. This is why I always recommend a pre-sale home inspection. This will give you an idea of what the buyer’s inspector may find and what we can fix prior to any issues arising.

When you sell your home you always want to make the most amount of money possible. Especially in the crazy market we have been having, prices have gone through the roof! However, appraisal issues are one of the most common reasons that home sales can fall apart. Pricing is key when it comes to home sales. If you are concerned about the value of your home, consider a professional appraisal before putting your home on the market.

One of the last issues I am going to talk about is contract contingencies . The buyer for your home may make their offer to purchase your home contingent upon the sale of their current home. If their deal falls through, yours may too.

If you are considering selling your home talk to a qualified real estate professional like myself to help you navigate the potential pitfalls you may face. You can rest assured I will guide you through to a successful home sale.

Christopher DiToro

NYS Associate Broker, Coldwell Banker Advantage

Turning Dreams Into Reality

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