08/02/2024
Most common reasons why properties go back up on the market after it was under contract/pending.
Inspections were performed something was unsatisfactory for the buyer. There are a number of reasons and possibilities. It could be a small or big issue, it could be a small or large ticket item/s, or neither parties wanted to address the issue prior to or after closing.
Buyers should aim to have reserve funds for items that are essential and may need repair or replacement of a home. And a reserve fund for the non essential updates one desires to make to the house to feel like home for your family.
Sellers, I will advise to repair or replace anything that isn’t operational and damaged if the intentions are to sell for the most money and not to be sold as a fixer upper. Address as many of the issues prior to selling. If the intentions are to sell with the current issues than price will play a role in getting it sold.
Appraisal was lower than the offered amount. Perhaps the seller won’t reduce the price and or the buyer can’t afford to pay the difference.
Loan denial, the buyers loan was not approved. There are plenty of reasons such as funds, credit score, employment.
There are a number of contingencies that could be added to a contract and for a number of reasons they couldn’t be met.
I have key strategies, tools and a team to work out a numerous amount of issues such as these common ones. That is why I’m YOUR realtor. To guide you, educate you, and present your options in every step of buying or selling.
If you lost the home for any of these reasons, or if your home went back on the market just know that sometimes things need to fall apart for better ones to come along. Everything will work out.
Call, text, email me to schedule your consultation.
Ordaliza Alli
📱347-218-3400
📧 [email protected]
