Why Are Buyers Backing Out of Real Estate Deals?

02/01/2025

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Episode Synopsis

It’s official: Cancellations are on the rise. In some markets, close to 30% of real estate transactions that reach escrow don’t make it to closing. Why is this, and what can you do to ensure your buyer follows through on your sale? To answer this, I’m breaking down the state of our market and explaining how you can prepare for flakier buyers. First, inspections are a huge sticking point, but you can eliminate repair issues entirely with a pre-sale inspection. Learn more about buyer cancellations and what you can do to prevent buyers from backing out.