The following article from KCM Blog elaborates on the benefits of professional help.
![]() When families enter into a contract to buy or sell a house, two things are true:
In order for both these things to take place, the transaction must be completed. That is not an easy task in the current market. The National Association of Realtors (NAR) released their Existing Homes Sales Report yesterday. In the report, NAR announced that one out of every three contracts to purchase a home in October never made it to a closing table. How does that ratio stack up against previous numbers? Here is a graph showing previous rates of cancellations: ![]() Cancellations have more than quadrupled in the last 14 months! According to NAR, cancellations are caused by: “… declined mortgage applications, failures in loan underwriting from appraised values coming in below the negotiated price, or other problems including home inspections and employment losses.” Bottom LineNo one can guarantee you won’t face challenges. However, the best agents and mortgage professionals know how to manage the expectations of all the parties involved thus dramatically increasing the chances your deal will close and you and your family will be able to move on with your lives. Hire that true professional!! To hire me as your true professional,call 208-602-0055 or email me at Roger@LowesFlatFee.com |
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