Top 3 Reasons Contracts Fail to Close

Not all contracts to buy real estate in Charlotte NC successfully close. When buying (or selling) a home, keep in mind these top 3 reasons contracts fail to close:

1. Buyer Financing. For any number of reasons, buyer loan failing to close is a big reason behind homes coming back on the market. This is also the #1 reason it’s SO important to have a solid loan pre-approval when starting a home search, a Guaranteed Loan Pre-Approval is even better

2. Inspection and Repair Issues. Lack of agreement, the amount and type of issues uncovered, or buyer dissatisfaction with inspection results and repair negotiations can also lead to a failed purchase contract.

3. Buyer Changes Their Mind. This can and does happen! Buyer found a better option, something in their personal situation changes, or they simply decide to cancel the contract before the Due Diligence deadline.

When it comes to buying or selling a Charlotte area home, being Under Contract is great but it is never, ever, ever a sure thing until the loan is funded, deed is recorded and it’s officially CLOSED!

Considering buying a home in Charlotte? Set yourself up for success by having a team of professionals to guide and support you throughout the home buying process….it’s more than just searching for a home, contract to closing is an important part of the process!

We hope this information on common reasons home purchase contracts fail has been helpful. Have questions or need a local home related resource? Email me today at

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Copyright©2014 by Diane McDermott, All Rights Reserved, “Top 3 Reasons Contracts Fail to Close”

The content of this blog is the original content of Diane McDermott, NC Residential Real Estate Broker in Charlotte NC’s real estate market serving neighborhoods in Charlotte NC

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About dianemcdermott

Joyfully divorced, Diane is passionate about sharing her story, experience, wisdom and insight from this beautifully brutal life. Passionate about heartfelt connection in all areas of her life she is a public introvert and most enjoys connecting with and spending quality time with friends, chosen family and clients that are uplifting and inspiring. Her core values of connection, humor, integrity, authentic alignment influence all aspects of her life. She is intentional in all that she does. Diane is the founder and owner of Between the Lines LLC Ghostwriting Services and McDermott Real Estate LLC
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