The Tampa seller agents/Orlando seller agents/South Florida seller agents and buyers agents at One Percent Guys Full Service Real Estate Pros have seen it all over the years. While we are disappointed when a deal falls through, we do know there is usually something better just around the corner. We are continuing our series discussing some of the most common reasons why real estate deals go south. Our previous articles discussed inspection, appraisal, and financing issues. We also covered how some contingencies can contribute to a deal falling through. Let’s take a look at more reasons why a contract on a home doesn’t make it through closing.
Title issues can cause real estate deals to fall through. The Orlando seller agents/Tampa seller agents/South Florida seller agents and buyers agents at One Percent Guys Full Service Real Estate Pros conduct preliminary research on properties to determine if there are any obvious title issues. However, the full truth about a property is uncovered during a comprehensive title search. Examples of common title issues include liens, probate issues, survey disputes, seller not being able to legally sell the property, and bankruptcy.
Breach of Contract
At the end of the day, if either the buyer or seller decides to back out of the deal, they can do so. This will result in a breach of contract and subject the parties in breach to penalties outlined in the agreement including loss of earnest money. The Tampa seller agents/Orlando seller agents/South Florida seller agents and buyers agents at One Percent Guys Full Service Real Estate Pros do not see this happen often because of the penalties involved, but it most definitely does occur.
Paying high real estate commissions are a thing of the past. Your friends at One Percent Guys Full Service Real Estate Pros are the original 1% real estate agents. We were founded with the mission to help people fulfill their dreams of owning a home. Not all one percent real estate agents are equal. We are the original and we want to work with you! Give us a call to learn more about our 1% real estate model today.