As an agent it's exciting to get a deal together! A match between buyer and seller has been made, our efforts rewarded and down the road a deposit into our bank account to pay the bills we generate supporting our buyer and seller clients. It's not easy nor cheap to do what we do for a living.
BUT.....
It's not a sure thing. Inspections, financing, appraisals, acts of God and more can derail that contract from completing at the closing table.
Over the years we've lost deals to:
- Inspection issues (perhaps our most common cause to end a deal)
- Mom and/or Dad disapproving of the house Junior and Missy planned to buy
- An inability to get the funds from OVER THERE to OVER HERE without violating international currency regulations
- Plain old cold feet about making such a big commitment
- A "better" house coming on the market
- Buyers credit being "wrecked" because they bought a car before closing (not our buyers)
- Wait, I CAN'T put horses over there??
- Unexpected credit dings from the past that weren't found until literally days before closing
- Buyers not liking the trucks parked three doors up the street from a listing
And that's just a partial list of the WHY for contracts that didn't make it to the closing table. And it's why I know not to make plans for any payday present or future until the closing table ink is dry and the check has been deposited in our account.
What's kept your eggs from turning into chickens??
Liz and Bill aka BLiz
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