Why Do Some Home Sales Fall Through?

“I want to sell my house, but I’m afraid that the sale will fall through multiple times”

 

This is a common fear among many homesellers. After all, with how many horror stories there are of home sales falling through at the very last minute, it’s only natural to feel afraid. But, before you scare yourself into NOT selling your house, it’s important to understand first why some home sales fall through and why some are successful.

Below, we rounded up some of the most common mistakes home sellers make that lead to problems down the line and cause a home sale to fall through.

1. Financial woes

This is mostly a problem on the side of the buyers.

 

Given the current state of the real estate market, it’s not that easy to get a housing loan. Even if you have good credit, have a well-paying job, and put up a sizable amount of down payment for the property, getting a loan is never guaranteed.

 

If the buyer is taking out a loan to buy your property, always make sure to follow up on the status every now and then. The same goes if the home purchase depends on the sale of the prospective buyer’s home closing first as well.

 

If possible, prioritize working with pre-approved buyers. This way, the deal goes much more smoothly and the chances of the deal falling through is minimal.

2. Home inspection surprises

A buyer can (and most do) cancel a deal last-minute following the findings of a final home inspection.

 

Legally, in most states, home sellers are required to state any and all problems regarding the house that they have fixed before or were not able to fix. This way, prospective buyers know exactly what they are getting into.

 

Unfortunately, a home inspection can sometimes make or break a deal.

 

One way to prevent this is to make sure that everything is settled early on your end, get your house inspected, and price it accordingly to what needs to be fixed (or doesn’t need fixing) prior to listing.

3. Buyer’s Remorse

There’s really nothing you can do about this. Sometimes, home buyers just back out for personal reasons.

 

This is why, until the dotted line has been signed, your home sale is not a done deal yet.

 

If you don’t want to deal with the trouble of a failed home sale, you can always contact a cash buyer and sell your house to them.

 

Reputable “we buy houses NJ” companies pride themselves in hassle-free and stress-free transactions. They don’t even ask you to repair or renovate your house. The most they’ll ask for is to do a home inspection, on their own money.

 

So, what are you waiting for? Contact a cash buyer today and ask for an offer.

 

Remember, there is no obligation to accept the cash buyer’s offer. So, basically, the only thing that you’ll be “wasting” is your time and that of the cash buyer. This is time well-spent when you consider that you could very well end up closing the deal with the cash buyer in a few day’s time if you think that the offer that you received from them is

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Estefania Castaneda
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Extremely pleasant, attentive to all my needs always. It was a pleasure renting an apartment from Ken.
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Vichai Soysouvanh
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Can't say enough about Ken and his team. This was the most seamless sale I made. I didn't have to deal with all the... nonsense that comes with selling your home. They bought my house as is, I didn't have to declutter and pay a broker commission. All in all great experience, will do business again.read more
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Selling my property too Ken was the best thing I did. Although I was skeptical at first I soon found out how... professional he was. Even though my closing contract was not standard because of the pendemic situation. He followed through on time with all the contract terms as promised. Thank you Ken for your professionalism.Alfredo Gread more
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23:27 19 May 21
Ken was referred to us by someone who had sold their home thru Ken last year. From the first meeting to the last... transaction, Ken and his team were professional, efficient, easy to work with, and above all.... caring. Each seller's situation is different, and Ken truly understands that. We were treated with respect each time.Since we were in a time crunch situation, selling our home with a cash offer from Ken was the best decision we could have made. We were perfectly okay with getting slightly less money for our home as compared to selling it via an agent. But if you consider the money saved on agent commissions (both buyers and sellers), closing costs, repair costs, attorney fees, and most important of all... time and headache, you can't beat the option to sell your home with a guaranteed cash offer from a reputable buyer like Ken.My wife and I were very pleased with our experience with Ken. If you are in the market to sell your home fast for a cash offer, I highly recommend giving Ken a call!Best of luck!Vishread more
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14:19 10 Mar 21
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I am a travel nurse and stayed in a town home for 3 months... It was exactly as described and any issue that came about... was handled within a few hours - I would definitely recommend and I would definitely stay again!read more
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12:41 14 Aug 20
Amazing experience! Ken was upfront, quick and got the deal done in no time. Having done a number of real estate... transactions this was by far the easiest and smoothest. I would unconditionally recommend him to anyone looking for an easy, quick and fair transaction.read more
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19:10 26 Mar 20
Ken is a very professional individual from start to finish. As promised, he gave me a fair deal on my one of my... properties that was in rough shape. He was knowledgeable and responsive to my requests and as promised we didn't need to waste time with inspections and appraisals and we closed quickly. He made it painless as possible by having his crew handle the clean up. This was truly a quick and easy process but a professional individual. Thanks Ken!read more
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