120. 5 Reasons Home Sales Fall Through in Lookout Mountain GA and What You Can Do About It

We buy houses in Lookout Mountain Georgia. By anticipating potential issues that could cause your deal to disintegrate. We are professional homebuyers in Georgia and we’ll go over 5 of the reasons home sales fall through in Lookout Mountain GA and what you can do about it.

5 Reasons Home Sales Fall Through in Lookout Mountain GA and What You Can Do About It

Financing

Traditional financing has specific qualifiers in order for borrowers to qualify for the mortgage loan. Any change in these factors can be a reason your home sale falls through in Lookout Mountain GA. Your buyer could have unexpected life changes or a change in their credit score or debt ratio since being prequalified. One thing you can do about it is to only work with preapproved or cash only buyers. Remember when working with cash-only buyers they’ll be expecting to pay less for your home due to the advantages that closing a deal in cash brings.

Forewarned

Get your own title report, this is legal proof that you are the rightful owner of the home with a clear title. Having it on hand can avoid delays and allow a buyer to feel secure in the transaction they’re entering into with you. Failing a professional inspection is another reason your home sale could fall through in Lookout Mountain GA. By being prepared in advance, you can have any serious repairs done. If you don’t want to make any more investment into the property, you can be upfront with your buyers, in order to avoid any surprises that scare the buyer away, wasting precious time on the market. To avoid being insulted, be of the mind that buyers will request a credit off of the purchase price for each issue, so you will want to be ready beforehand with knowledge of the costs of each repair.

Appraisals

Appraisals can be one of the reasons home sales fall through in Lookout Mountain GA. Depending on the type of loan being used, there are different types of appraisers, you’ll want to keep this in mind. With VA loans, there will be a VA certified appraiser. If the loan is through the FHA program, the appraiser will be FHA certified, this appraisal will be valid for your home for a period of 6 months. And finally, conventional loans will use a conventional appraiser. Buyers rarely pay more than the appraisal, though you do have the right to dispute the appraised value. The bottom line is that no lender is going to loan more than the ratio guidelines in their policy on your home if your appraisal comes in lower than the sales price.

Emotions

Buyers in Lookout Mountain GA can sometimes get cold feet and back out of a deal-making home sales fall through. While you may try to entice them with incentives to move on, they walk away despite your best attempts to bring them back to the table. Confidence and enthusiasm are evident when you meet your potential buyers. If they aren’t exuding these qualities, trust your gut instinct, and move on to a buyer giving off a secure disposition.

Contingencies

You’ll want to avoid relying on the sale of your buyer’s current property to enable the purchase of yours. This reason for your home sale to fall through in Lookout Mountain GA can be avoided.  What you can do about it is to limit your dealings to buyers who have already sold their home, or in some other way have proven to you that they are ready now for serious negotiations. It’s also wise to remove anything that’s not available as a deal sweetener, to avoid a buyer becoming attached.

Sell My House In Lookout Mountain GA

We are local Georgia home buyers and we’re happy to help you find answers to your toughest questions about your Lookout Mountain real estate, so please feel free to call us at (423) 509-8393 and chat with us anytime. We will make the process simple so you can quickly sell your house in GA and move on.

Wouldn’t it be great to just forget about all the other possibilities of your long-awaited deal falling through? Just send our team a message or call (423) 509-8393 today and sell your house directly to New Horizon Home Buyers!

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