68 Bye Bye Buyer: What To Do When Deals Fall Through

You’ve been looking at properties for the last six months and now you have found the ideal home. You are so excited as you receive an accepted offer and you’re already figuring out what to get rid of and what to move to your new apartment before you’ve signed the contract. Your broker is happy but tells you not to pop the champagne bottle too quickly as anything can happen between an accepted offer and a deal being signed and then the worst happens you find out the deal has fallen apart. In this very changing market, we are in right now deals are not always making it to the finish line so we wanted to talk about what to do when this happens.

As a buyer it’s very hard to go from an accepted offer to this deal isn’t happening anymore and the apartment is now in contract with someone else or hearing that the sellers don’t want to sell anymore. Emotionally it can be hard and you will probably feel as though you’ve wasted time. This is why as agents we don’t get too excited until there is a signed contract in hand because anything can happen between an accepted offer to contract.

Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com or you can email us at deniseandsharon@compass.com

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