contract fall thru: Selling 2-3 Times Closing Once
- 11/24/20 04:57 PM
Not all contracts make it to closing. No matter how hot the market is, how many appointments a property receives, or how many multiple offers come in...not all contracts make it to the closing table. The term in the industry is called a 'fall through." Some homes sell three times but only make it to settlement once. It seems this year 2020; there are more than usual.
Some reasons contract don't close:
Change in employment. Loss of job, this year Covid has played a big part. Multiple offers, not choosing the best one. Buyer's remorse. Separation or divorce. Interfering 3rd party. Seller's remorse when they cannot (22 comments)