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What Are Some Reasons A Buyer Cannot Purchase? FAQ

There are reasons that a buyer cannot buy they don't all have to do with financing. Some have to do with terms, some with types of homes and even a few more...

 

  • The condo restricts pets and they have a dog and a cat. No, you can't sneak them in.
  • The prospective buyer is 93 years old and the unit listed is on the top floor. There are no elevators.
  • A condo with no balcony - not a good match for someone with claustrophobia.
  • A penthouse unit - a bad idea for someone afraid of heights.
  • The buyer is a wheel chair user. Would you at least remind them, it's split-level house?
  • The family wants all bedrooms on the same level. Are you sure you want to show this Cape Cod?

 

  • The buyers haven't put their home on the market yet because they want to wait until they find something they like but cannot purchase without a home contingency. The seller will not take a contingency.
  • The listing is a co-op. The by-laws state the unit must be purchased for cash - there can be no mortgage. Surprise when the buyer asks if the monthly fee "includes the mortgage payment."
  • High condo fees. The prospective buyer didn't ask before seeing the property (and his agent didn't tell, obviously). Then he asks if we can negotiate the fees down along with the price. Um...sure, right along with the property taxes.
  •    The buyer wants privacy, does not want to be able to see other houses.  There are homes on both sides because it is in a development.
  • Buyer wants a quiet street and the home on the beltway.
  • Seller is building and needs a long settlement. Buyer needs to move in 2 weeks.

 

We could come up with a lot more reasons.

It is a good idea to research the specific needs before showing a property that a buyer can not purchase.

 

Margaret Rome 410-530-2400

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Broker-Owner HomeRome Realty 

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Author of Real Estate the Rome Way

mrome@HomeRome.com

410.530.2400

 

 

Comments

There are many obstacles to buying but most are not really big issues

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) about 3 years ago

Always good to see you William Feela 

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) about 3 years ago

Researching the specific needs of a buyer before scheduling a showing is a huge time saver and it helps us manage their expectations.

Posted by Diana White-Pettis, GRI, CDPE, CNE, WHC Upper Marlboro Homes for Sale (Bennett Realty Solutions) about 3 years ago

Diana White-Pettis IF only more agents would reasearch before bringing a buyer to a home that cannot work.

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) about 3 years ago

Margaret Rome, Baltimore Maryland - as always, a great post where you have covered many reasons on why some buyers can't buy a home.

Posted by Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale (LAER Realty Partners) about 3 years ago

So many red flags and all it takes is for people to think...if they have a brain. I recently had a listing that a buyer's agent actually made an appointment, then came to the front door withut her agent and claimed her buyer refused to see the home, becasue she was allergic to wood!!! Have fun with that buyer, and all the interior photos showed wood floors!

Posted by Sandy Padula and Norm Padula, JD, GRI, Presence, Persistence & Perseverance (HomeSmart Realty West & Lend Smart Mortgage, Llc.) about 3 years ago

Sandy Padula and Norm Padula, JD, GRI NMLS#1483386 We can not make this up. Wood allergy must be quite hard to live with. Are there any homes with no wood?

Had an agent come to a house with a wooded lot and complained there were trees. 

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) about 3 years ago

Hi Margaret - I think we've seen every item on that list over the years, but we have a new one lately with our crazy hot market - prices have just become too high.

Posted by Dick Greenberg, Northern Colorado Residential Real Estate (New Paradigm Partners LLC) about 3 years ago

My frustration is with agents who do not read the "realtor remarks" or the descriptions of the property.  I had a listing with the master bedroom on the second floor,  it required flood insurance and was in the landing path of the airport.  I made it abundantly clear that these three factors could be problematic for many buyers.  I cannot tell you how many times I received feedback that the buyer was unhappy with one or all of these issues.  I finally had to start calling each agent prior to the showing and making sure they had passed on this info to their buyers.

 

Posted by Marnie Matarese, Showing you the best of Sarasota! (DWELL REAL ESTATE) about 3 years ago

Marnie Matarese That is one of the reasons why I make all my own appointments especially important on unique properties.

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) about 3 years ago

Margaret Rome, Baltimore Maryland Great post and to take it a step further, I had buyers who were taken to condos that allowed pets - up to 25 lbs.  A complete waste of time for all involved as they had a 90 lb Golden Retriever!

Posted by Elyse Berman, PA, Boca Raton FL (561) 716-7824 CRS, ABR, GRI,ePR (Best Connections Realty, Inc.) about 3 years ago

Elyse Berman, PA, CRS Most of our condos don't allow pets of any size. I love the ones who are going to SNEAK them into the building. 

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) about 3 years ago

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