Falling Out of Escrow

This week's fun, little infographic is actually very useful. It breaks down the most common reasons deals fall apart during escrow.

No surprise, financing issues are #1, as many people settle for getting pre-qualified as opposed to getting a full loan commitment from a lender. The loan commitment takes a few extra steps, but pretty much guarantees there will be no financing issues down the road.

Appraisal is in the #2 spot. This can be tricky as homes are appreciating rapidly in this market, and it's not uncommon for an appraisal to come in short. You can always waive the appraisal contingency, but then you will be on the hook for any discrepancy between the appraisal and the sales price.

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