I thought this might be a good idea. We all have deals that fall apart. When and why did a recent deal fall apart? Was it because of inspection, taxes, insurance, or something else.

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View Port Orange Homes
Daytona Beach Condos For Sale
Daytona Beach Real Estate

financing/bad credit

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Coastal Delaware Real Estate Sales
REHOBOTH BEACH CONDOS | REHOBOTH BEACH REAL ESTATE | REHOBOTH BEACH MOBILE HOMES
* Results not typical. Individual results may vary.

You can read details about my recent deal that feel apart here, but you have to be a member at AR. So the short of it was that the seller took another offer during the attorney review period and killed our deal on the final day of attorney review without even giving us a chance to match the other offer. All I have to say is Karma is a bi#ch and it will come back and bite this lady in the butt some day.

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My thoughts on the Sarasota Association of REALTORS actions.

No Dead deals for me yet ... but I've heard stories of Deals gone wild during signings ; when clients where told they have to pay this, that, property taxes are this much etc...take the time to explain things to clients, check contract daily ( few minutes a day ) and or hire an escrow coordinator and things should be well for you.

Just an update, I do have deals when buyers backed out of a purchase when they see the home inspection, but we get into another contract the next few days. (Deal crashing to me is when I totally lose the clients and never heard from them again - or heard from there attorney for something - lol)

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Bay Area Real Estate | Free MLS. Coming to CA and like to know Things to do in California.

Almost 1/4 of my deals fall apart.
I had both the buyer and seller show up at the lawyers office and get into an argument in the parking lot. The buyer hopped back in the car and drove back to PA never to be heared from again...

Just an average day in the world of resort mobile home sales.....

Just a month ago I had a deal fall apart because the community did a criminal background check on the buyer. He came up as a wife beater and was not allowed to move in.

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Coastal Delaware Real Estate Sales
REHOBOTH BEACH CONDOS | REHOBOTH BEACH REAL ESTATE | REHOBOTH BEACH MOBILE HOMES
* Results not typical. Individual results may vary.

Man, I haven't experienced a buyer seller argument at closing.. That must be the worst.. I can only imagine. Usually everything is smoothed out before I head to the closing office. I thought something similar to that was going to happen once before.

Now I try to get my sellers to sign everything before closing. Just make sure the title company doesn't release keys until the money is received.

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View Port Orange Homes
Daytona Beach Condos For Sale
Daytona Beach Real Estate

I'd say most deals that don't go further are because of bad inspections, although it's a close one with financing not going through (which really bugs me since so many so-called pre-qualifications or pre-approvals are not really worth much). I wish these mortgage companies would stand behind their promise (unfortunately, I can't control companies other agent's buyers use).

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It seems like bad inspections definitely leave a bad taste in everyone's mouth, and sets the mood on edge for anything further that comes up that would require both patience and understanding on both parties account...never fun, and never easy, but that's part of why we are in real estate

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They've fallen apart when the lender didn't do his or her job right from the outset pre-qualifying the buyer in the first place or the buyer was questionable as far as credit worthiness. Doing the right things first like getting a buyer who needs financing qualified for the loan should eliminate most problems. If the property doesn't meet acceptable standards as far as inspections go, it's a matter of finding the buyer another place.

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Mike
http://www.HousingPredictor.com
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The irony of sue happy California is that we use escrow companies and attornies. End result is that attornies usually just rear their heads after the transaction is closed. There is a contingincy period, but not an attorney review period per se.

Inspections are always an issue, but I now have sellers hire a home inspection at the onset. We then provide the disclosures, inspection report and list of any repairs made as a result of the inspection to the buyer prior to opening escrow. The buyer still has the option to conduct their own inspection, but my inspector will do a re-inspection for a $100. The seller spells out upfront what they will and will not do.

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Bob