How Often Do Contingent Offers Fall Through?
AuthorAmanda Dodge. Date:
Click here to browse our Real Estate Agent Directory and contact top-rated agents in your area! Receiving an offer on your home kicks off an exciting part of the sales process. As a seller, you can start to prepare for the closing date and begin packing up your belongings. If a buyer has added contingencies to the offer, you can work with them to complete these requirements. Contingencies are a natural part of home sales. They range from home inspections to financing requirements. An offer with contingencies is nothing to fear. According to the National Association of Realtors (NAR), only 5% of contracts were terminated before the sale, which means the vast majority of deals go through. However, sometimes contingencies can delay or prevent deals from closing. Certain circumstances could prevent your buyers from moving forward, leaving you stranded as a seller. Use this guide to learn how often contingent … Continued
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