Your home for sale is under contract and you are looking forwards to closing your escrow as the agreed date in the purchase and sale agreement. You are excited about that. However, after a long waiting, there are only 2 to 3 days away from the closing, there is some bad news. You get a call from your agent, or your buyer (if you are doing for sale by owner), telling you that the deal is not going to be closed and the agreement is falling apart.
It is very bad news for you because you have pulled off your home for sale from the market for several weeks and could have lost the opportunity to sell to other homebuyers. Worse of all, you may not only have to refund the earnest money to the homebuyer, but also have to put the home back on market for sale again. You just wonder why this happens and what you should do to prevent it from happening at the beginning.
The top 3 reasons why most home sales fall apart , or the top 3 deal-stoppers are: Read more
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Closing by
John W.
Pownce it!