Getting a home under contract can sometimes be challenging enough. However, it’s still not time to break out the champagne once it happens. According to a survey of over 4000 REALTORS® by the National Association of REALTORS® in September 2014, about 15% of pending sales didn’t close as the buyers couldn’t obtain financing, about 3% did not close due to appraisal issues, and another 3-4% didn’t close due to home inspection issues.
So what can you do? Be mentally prepared that most likely there will be hurdles to overcome and the closing date may not be concrete. Have a home inspection prior to putting your house on the market and make needed repairs so you can avoid post-contract negotiations or worse, giving the buyers reason to walk from the contract. Be aware that tighter lending regulations can slow the process – anything from the house not appraising to last minute negotiations that create delays due to new lending rules. It’s a complex process and that’s why you need a knowledgeable REALTOR® to help navigate your way to a successful closing. Contact me and put my 20 years of experience to work for you! 603-526-4116, www.donnaforest.com, email@example.com