In this recently published article on Realtor.com, the author cites four reasons why deals aren't closing and provides tips to both buyers and sellers to avoid falling out of contract. The #1 reason cited by the article is not qualifying for financing. The article suggests locking in interest rates as soon as possible. A good strategy for homebuyers who are still looking to buy is to get a new pre-qualification to make sure the purchase budget is realistic. To read the full article and review three additional reasons why sales contracts don't make it to closing, follow this link:
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