Home Buying in 44012>Question Details

Dream Team, Real Estate Pro in Avon Lake, OH

In your experience, what are the top reasons that caused a deal to fall apart?

Asked by Dream Team, Avon Lake, OH Thu Mar 3, 2011

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Working with couples (selling their home) that are going through a divorce can be difficult deals to work through as in such cases you are working with two separate parties on the owner side that are not easily reaching an agreement. These cases are not impossible but do require alot of careful attention to the needs / intentions of the two sellers while keeping the buyer hoping for a positive outcome. In my opinion these are the most challenging cases to work with that make specialists out of many agents.
0 votes Thank Flag Link Thu Jun 14, 2012
Poor communications or poor attention to details.
0 votes Thank Flag Link Sun Aug 7, 2011
The deal falls apart because one or both sides failed to prepare for the contract. What I mean is this
The seller fails to get inspections a head of time so a buyer will find fault after contract
The seller overprices and when a buyer over pays the appraiser values the home less and the seller and buyer don't budge
The Buyer fails to get their lending in order prior to writing an offer
The Buyer fails to follow the rules during the contract and changes or quits job, over extends their credit
Or it could be a short sale and the seller's bank doesn't work with the parties.

Preparing the clients, keeping the end result in mind will result in a win-win.
Web Reference: http://terrivellios.com
0 votes Thank Flag Link Thu Mar 3, 2011
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