Many REALTORS might say it aint happening with a particular client due to their income or credit rating or sitting on the fence either by buyer or seller. But my lenders point to FOUR things past the price, condition, and inspections...
Why Some Deals Bomb And Die
- Dishonesty on the part of seller or buyer. Not disclosing fully, hiding something in someone's financial background. Today EVERYTHING gets found out
- Short sales NOT being approved cause lender is not local and does not know values
- Bad pre-approvals by loan officer not doing proper investigation of background
- Appraisal issues. With declining values, numbers come in LOWER than sale price
In getting ANY deal done the agent has to coordinate all the parties but be aware what obstacles the lenders today are frequently seeing.