Why do contracts fall apart?
Let’s go over 3 of the most common reasons that cause contracts to fall apart in this video, “Why Do Contracts Fall Apart?”:
At What Point Do Most House Sales Fall Through?
Here are three things that can cause a contract to fall apart:
- An unacceptable home inspection. This is usually what happens when a contract falls apart. An unacceptable home inspection can cause some buyers to decide not to move forward with the contract to buy the property.
- A low appraisal value. If you get a low appraisal offer, there are three things that can happen. The buyer and the seller can agree to meet in the middle, the seller can reduce the price to the appraisal value, or the buyer can just walk away.
- The buyer loses financing throughout the deal. When this happens, it’s very rare that there is a backup plan, so the entire contract is lost.
There are other reasons that contracts on a home can fall apart, but these three are the main causes of a contract falling apart during the home buying process. We hope you don’t have to go through any of these situations, whether you are buying or selling!
Want More Information On Buying A Home?
As you probably already know there is a lot to the home buying process. If you have more questions about buying or building a house, don’t worry! We have a list of common questions that homebuyers have HERE.
If you don’t see your question on this list, then please reach out! I would love to answer all of your buying questions.
Want more information? Download my Homebuyers Guide: Homebuyers Guide
If you’re a first time home buyer, download this Buyers Guide: First Time Homebuyers Guide
Want to Know More About Buying a House in Birmingham, AL?
So keep a lookout for these common situations that can cause contracts to fall through when you’re buying a home. Make the homebuying process easier on yourself by having an expert real estate agent guide you through the process. If you’re looking to buy or build a home in the Greater Birmingham, Alabama area, let me help you. If you’re new to the Birmingham area or looking to relocate to Birmingham, Alabama, please feel reach out to Dianna Howell with The Howell Group: 205-568-5435 or dianna.howell@kw.com
For information on Pelham, Alabama or Birmingham in general, contact real estate agent Dianna Howell, a top buyers agent in the Birmingham, Alabama area.
Visit our website for more information on the Birmingham area: https://diannahowellrealtor.com/category/lifestyle/
🔑🏡 Want to learn more about the buying process? Then read this article for 6️⃣ easy tips: Six tips to Buying a Home
📕 Read more about the Birmingham area in this post: Relocating to Birmingham, Alabama
I have plenty of resources and information to provide including my expert help. Call me today and let’s get started on the search for your new home, whether you want to buy or build!
Sincerely,
Dianna Howell
The Howell Group of Keller Williams in the Birmingham Alabama area
Top Birmingham Real Estate Agent
