Margaret Rome's Blog


Why Didn't It Close?






It is not pleasant when a transaction fails to close.

Thank goodness this does not happen often.

In real estate there are many reasons that settlement may not happen.

Here are a few...




=Condo and association issues


=Home inspection

=Natural disaster-earthquake, hurricane

=Personal crisis -illness, death, divorce

=Title issues

=Code violations

=Buyer and seller remorse

=Change in employment or transfer

=Analysis Paralysis 


As  professionals, we need to manage the contingency dates and the inspections. We need to stay in close contact with our buyers, sellers, co-op agent, contractors, appraisers, title company, lender and anyone else involved. As professionals, we need to recognize when the deal is no longer viable and say NEXT and... if possible, get the house back on the market.


Questions about selling a home...

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Margaret Rome














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Comment balloon 6 commentsMargaret Rome, Baltimore Maryland • December 21 2017 11:41PM
Why Didn't It Close?
It is not pleasant when a transaction fails to close. Thank goodness this does not happen often. In real estate there are many reasons that settlement may not happen. Here are a few… =Financing =Appraisals =Condo and association i… more
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