WHY is the listing "Back on the Market" ?

This is always a tough one... more often than not I see houses BOM because of a bad inspection. Just had that situation this week. Called the agent to ask why home was BOM after only a week. She said it was a small disclosure issue over age of one of the A/C units, but that she had an inspection report she could send me. That inspection report just about gave me a heart attack! Disclosure issue, my foot! There were structural issues, moisture issues... 65 pages of issues... some fairly material facts. My GC looked at the report and we were up to $25K in repairs in no time and that was scratching the surface. Seller was not disclosing anything, so this was how the agent was covering her fanny in terms of disclosing.

Hi Sally K. & David L. Hanson - Because we are a second home market and values are a little more conservative, the biggest reason in Sedona I have seen homes BOM is because of the inspection. 

After 20 years in this Profession I have seen dozens of reasons homes go back on the market.

In this market we also have the enthusiastic buyer who wins the highest bid in multiple offers, then wakes up in a sweat terrified of what they did.  I get calls from listings agents who say, "We're not liking this buyer, are you still interested?" One buyer lost his job a week before closing, just before Christmas, it was not a happy time for them.

In Texas, we have an "option period" during which the buyer has the unreserved right to terminate the contract for any (or no) reason. The buyer doesn't have to let the seller know why. Sometimes the buyer just gets cold feet. Sometimes the buyer may have offers out on several homes and one that is better suited comes along. Most often, though, it's financing issues, appraisal issues, or condition issues.

Hello Sally and David not that is a great post and one that you should make a video out of, it would be a great one.

I could give you many reasons Sally K. & David L. Hanson  but that is why when I do market reports I never discuss pending sales

Because it's your lucky day BUYER! That is optimistic without a doubt Sally K. & David L. Hanson 

Sally and David those are 3 common reasons around here as well.  The reason I have seen most is because the Buyer was spooked by inspection issues.

Good evening Sally and David - that sounds like the best way to address the question.

In Virginia the seller is not required to inform the next potential buyers of any defects found in a previous inspection.  We are a non disclosure state.  So when a piece of dog doo doo goes back on the market the next inspector will probably say the same thing!

Morning Sally.

Around here the biggest reason is the inspection, and the failure to come to a compromise

This is very good information to share with prospective home buyers.

Good morning Sally and David.  Some think that a home coming back on the market is a bad reflection on the home.  It should be thought of as an opportunity for another buyer.

That is one of the most asked questions when a home comes back onto the market, why did it come back?  People always start making assumptions right away.

I've seen a lot of buyers backing out prior to the inspection recently. This week, I saw one come back on the market because the home didn't have a garage (not quite sure why the buyer would even put an offer in on it if he knew having a garage was important since it was pretty obvious to tell this home didn't have a garage)

Hi Sally and David, so many reasons and most not particularly positive.