I always tell buyers and sellers there are 3 big hurdles in the process, first the inspection, second the appraisal, and third, the final loan approval. Any piece can kill a deal, renegotiation is possible but sometimes that doesn't work. Here are the biggest issues yet they homes still closed:
- Issues related to obtaining financing: 38%
- Appraisal issues: 22%
- Home inspection/environmental issues: 12%
- Titling/deed issues: 11%
- Contingencies stated in the contract: 10%
- Issues in buy/sell distressed property: 5%
- No problems encountered: 5%
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