Why buyers lose out on buying from a seller in Real Estate
Why buyers lose out on buying from a seller in Real Estate Buyers can lose out on purchasing a home from a seller for several key reasons, most of which are avoidable with the right approach and preparation. Common Mistakes That Cost Buyers Their Dream Home Financing Falls Through: The most frequent reason buyers miss out on a property is losing their financing at the last minute. Unexpected changes in interest rates, appraisal issues, or new debts can make previously “pre-approved” buyers suddenly ineligible. Always lock your rate early, avoid major purchases, and ensure your lender provides a solid pre-approval. Unrealistic Expectations: Some buyers make low-ball offers or ask for unnecessary contingencies, even in a seller’s market. If your bid isn’t competitive or you’re fixated on getting 2022 prices, sellers may move on to buyers who better match current conditions. Delays and Hesitation: In fast-moving markets, waiting too long to make an offer or trying to “time the mar...