The 3 Biggest Reasons You Can’t Sell Your Home
So-called “sale fails” are on the rise. Deals to sell homes are falling through at a faster rate than they were a year ago, according to a report released Wednesday by real-estate site Trulia, which found that on an annual basis, the failure rate has nearly doubled to 3.9 percent in 2016, up from 2.1 percent in 2015. The real estate site looked at all listings that were pulled for the first two months of each quarter from the fourth quarter of 2014 through the fourth quarter of 2016.
Home sale deals fail for three main reasons, said Felipe Chacon, a housing data analyst for Trulia: a buyer can’t get financing, the inspection turns up something bad, and/or the appraisal doesn’t match up to the sale price.