5 Reasons Home Sales Fall Through in FLORIDA and What You Can Do About It

By anticipating potential issues that could cause your deal to disintegrate. We’ll go over 5 of the reasons home sales fall through in Florida, for example in cities like Orlando, fl, Tampa, Destin, etc. and what you can do about it.

Financing

In places like Miami, Florida city, and Orlando, fl, 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 Florida. 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

If you have your house in Orlando, fl and neighboring cities, get your own title report as this is legal proof that you are the rightful owner of the home with 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 Florida. 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 a 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 Florida. 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 in Orlando, fl and other cities in the state 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 Orlando, fl and other parts of Florida 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

When selling your house in Orlando, fl and the neighboring areas, 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 Florida 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.

Here were 5 reasons that can cause home sales to fall through in Orlando, fl and neighboring parts of Florida.

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 (954) 280-5883 today and sell your house directly to Florida Investor Deals!

Looking For Investment Properties?

Fill out the form below to join our "Preferred Property Buyers" list and for local real estate updates too!

Enter Your Information Below To Get Immediate Access

... to our HANDYMAN specials. *These are not on the MLS - Many are below $100k. Available properties on the next page.
    DISCLAIMER: Florida Investor Deals does not own these properties nor does Florida Investor Deals hold itself out to represent the owners of these properties. These are not florida investor deals listings. Values are strictly an opinion. Consult an appraiser for true values. florida investor deals disclaims all liability for the actions or inactions taken or not taken as a result of communications from or to its officers, directors, and members. The sale of these Properties may be contingent upon a successful close by the Buyer under Contract with the Current Owner. Seller may not be the owner of record of the applicable court jurisdiction; however, the Seller holds equitable interest in the property along with the owner of record and such interest is documented through an executed Purchase and Sale Agreement
  • This field is for validation purposes and should be left unchanged.