11/04/2025
More deals are falling through currently before they reach closing. Recent data suggests that 15% of pending contracts are falling through, which is up from 12% between 2017-2019. This means that approximately 1 out of every 7 deals today end up cancelling. The main cause for this, by a large margin, is a result of the home inspection and home repair issues. Since inspections have always been around, why are inspections now causing more issues than we’ve typically seen in the past? This is likely due to a multitude of reasons, which can include some buyers being stretched financially because of current interest rates and prices, potential buyer’s remorse due to more inventory in many markets and a large percentage of buyers today are looking for a home that is truly move-in ready and they don’t want to make repairs after closing. So, what do you do with this information? You can strategize before you list your home and make sure you have addressed issues that are going to come up during the inspection ahead of time. There are also times when a pre-listing inspection makes sense as well, although this is situational and depends on the specifics of your situation and goals.