In escrow? Hopefully you don’t experience these closing frustrations.
While the majority of home sales close on time, there are some that are delayed or cancelled altogether for various reasons.
Here are the top 5 reasons for a delayed closing:
- Issues in obtaining financing
- Issues with the home inspection
- Issues with appraisal
- Issues related to title or deed
- Issues with sorting out the deal’s contingencies
This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS.