I always like to put up my "keys to the game" or in this case series. It puts me out there committed to what I think and it sometimes proves I know what I am talking about.Most people think this
5 Reasons For Closing Delays
DAILY REAL ESTATE NEWS | MONDAY, DECEMBER 04, 2017
Seventy-three percent of home sales closed on time in October, but 25 percent of REALTORS® report a delay in getting to the settlement table, according to the latest REALTORS® Confidence Index, a survey based on responses from more than 3,500 real estate professionals. Only 2 percent say a contract was terminated completely.
What are the main problems encountered with delayed settlements? Real estate pros report the following:
Issues related to obtaining financing: 32%
Appraisal issues: 20%
Home inspection/environmental issues: 16%
Titling/deed issues: 11 percent
Contingencies stated in the contract: 6%
Seventy-four percent of all contracts in October contained contingencies, most often for home inspections, appraisals, or financing.
JD is a 15 year resident of the MS Gulf Coast. Originally from Bastrop, Louisiana, JD attended college at the University of Louisiana Monroe and Louisiana Tech University, receiving bachelor’s and m....
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