by Lucy Cohen Blatter
Think an accepted offer means you’re all set to buy or sell that apartment of yours? Not always.
In the high stakes game of New York City real estate, the road from accepted bid to signing on the dotted line can be full of hairpin turns. While experts say that the vast majority of accepted bids lead to sales, deals can indeed fall apart for a number of reasons even after a price is agreed on.
Here are a few of the most common deal killers:
1. Financing problems for the buyer
When a buyer needs a mortgage, there’s always a chance that the financing won’t come through, and that the deal will fall apart as a result.
If you’re the seller, the best way to avoid this kind of deal killer is to accept an all-cash offer.
Source: http://brickunderground.com/blog/2014/05/deal_killers
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