One-Third of Deals Face Closing Delays

January 23, 2016

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One-Third of Deals Face Closing Delays

You may want to brace your clients: Closing glitches can be fairly common.

The three biggest causes for a closing delay:

  1. Buyer financing setbacks
  2. Home inspection issues
  3. Appraisals that are different from the agreed-upon contracted sales price

That’s according to a survey conducted last month by the National Association of REALTORS® of more than 2,600 real estate professionals who were reflecting on their sales and purchases for the previous three months. The survey found that 32 percent – or nearly one-third – of all real estate transactions encounter some type of delay to closing.

Read the rest of the article:  REALTOR MAGAZINE