Exciting times when you’re under contract, but hold off on popping the champagne! 🥂 Did you know

Exciting times when you’re under contract, but hold off on popping the champagne! 🥂 Did you know there’s a 35% chance a deal might fall through? That’s way up from the 9-10% we saw during the pandemic. So, why are deals falling apart?

🔍 Inspections: Buyers and sellers often can’t agree on repairs or buyers decide they don’t want the hassle. Sellers, consider a pre-inspection to avoid surprises!

💸 Loan issues: Financing is falling through just days before closing. Sellers, make sure your buyer is truly pre-approved, and ask the right questions to their lender to avoid last-minute issues.

🏠 Homeowner’s insurance: In areas like Colorado’s foothills, rising premiums are shocking buyers. Sellers, gather this information ahead of time and inform buyers early to prevent any surprises.

🏢 HOA dues: Condo fees are skyrocketing, with dues jumping from $300 to $800 and special assessments reaching thousands. Sellers, have all this information up front and share it with buyers before they receive the status letter.

Knowing these hurdles in advance can help keep your deal on track! 💪