B.O.M.'s: What percentage of your deals fall out of escrow?

Reblogger Rose Osman
Real Estate Agent with John Aaroe Group CalBRE 01274989

Original content by Ralph Gorgoglione RS-78439 / BRE #01708344

B.O.M.'s: What percentage of your deals fall out of escrow?

We've all had them - BOM's - Buyer-eancelled escrows that end up Back On Market

Cancelled EscrowFor any real estate agent that has been around for at least 6 months, you've probably had one of these happen to you.

If you represented a buyer, shown them 12 million properties, they finally get an accepted offer, and then then during mid-stream of the escrow...............BAM!!!!   They decide to cancel escrow.

Or even worse, you have a short sale that you've been working on getting approvals since August 12th, 1995, you finally get approvals on your accepted offer and....................BAM!!!    Buyer cancels.

And there's not a pill in ANY drug store that can alleviate the pain and nausea from a cancelled escrow!!

What has been your experiences with cancelled escrows as an agent?

What percentage do you think, on average, end up as cancelled escrows with your deals?

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