Even though most home sale contracts will settle when the seller expects, this isn’t always the case. Unfortunately, it’s possible for home sale contract closings to experience delays or even become terminated altogether. So, what usually causes this to happen? There are a few common obstacles faced by sellers, such as setbacks when it comes to obtaining financing. If the buyer has recently lost their job, this could also lead to a contract being delayed or terminated. Other times, the delay could be a byproduct of appraisal issues or even deeding or titling problems. Do you want guidance on how to close on time, without delays? Reach out to us today for more information.
A real estate inspection or home inspection is not an appraisal or a check for compliance with building codes; it’s also not an evaluation of environmental hazards. See the NYS Standards of Practice for more information on the limitations of a home inspection.
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