The Top 9 Reasons Buyers Back Out of a Sale

These are the top nine things that make buyers back out of a sale.

The recent uptick in canceled contracts reveals that buyers with cold feet have begun to actively look for valid ways to terminate their contracts. Also, some buyers currently in a contract are developing a severe case of buyer's remorse. Here are some of the top deal breakers buyers run into:

1. Appraisal anomalies. These are not an exact science, the value given is just from the lender. Problems do arise.

2. Foundation flaws. Like our feet, if everything in the foundation is good, everything above is secure. Some minor cracks can be okay—I was told if a nickel can fit into a crack, it needs to be addressed.

3. Roofing revelations. A leaky roof that does not adequately divert water away from the house can be an issue.

"These issues can be avoided upfront by properly disclosing things."

4. Moldy manifestations. There is confusion about mildew vs. mold. Mildew is easily treated, but mold can be an issue.

5. Pest predicaments. They can do extensive damage.

6. Structural shortcomings. Neglect, abuse, or even a structural modification that is not up to code can be an issue.

7. Water worries. Water can come from leaking roofs, clogged gutters or drains, unsealed windows and doors, and more.

8. Permit problems. Cellar upgrades that were done without requisite building permits can create issues.

9. Disclosure dilemmas. Failure to disclose anything can result in a canceled contract.

Many, if not all, of these issues can be avoided upfront by properly disclosing things. A pre-listing home inspection can identify problem areas before listing, which allows a seller to make repairs and disclose items before they become a reason for a buyer to back out of a sale.

We would love to be your real estate resource through all of this and are ready to help you get your home ready for the real estate market. Give us a call at (717) 695-3177 or send an email to info@joydaniels.com. We hope to hear from you soon!

Why Hire the Joy Daniels Real Estate Group?

Just as doctors and lawyers specialize in different fields, so does each member of the Joy Daniels Real Estate Group. Although each agent is a licensed Realtor, their continuing education goes far beyond that- with exhaustive training and practice, giving them in essence the equivalent of a graduate degree in their field or specialty. Our specialists are the elite in their field and all of our firm's activities are done with a high sense of care over each seller and buyer that we come into contact with.

Even though Joy and her team have won numerous awards and been multi-million dollar producers for many consecutive years, her true "joy" is in serving her customers and clients. Joy and her team recognize the importance of maximum convenience for her customers and accessibility to her clients. Joy and her staff have developed and applied new techniques of marketing property and assisting customers and clients that other agents in Central Pennsylvania just can't offer. Whether you are moving across town or to another state, you've come to a site that will help your moving experience be smooth and hassle-free.

Joy Daniels
The Joy Daniels Real Estate Group
2793 Old Post Road
Harrisburg, PA 17110
Phone: 717-695-3177
Fax:717-695-0025
info@joydaniels.com

Joy Daniels Testimonials

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testimonials from happy clients

Jessica - "Both my husband and I are very happy with the results. We actually sold 2 homes through the Joy Daniels Real Estate Group and both of them went off without a hitch! We had some issues with the well at our home and when we were on vacation it needed to be run for an extended time over and few days and Joy made sure that it was taken care of by the time we got back so we were ready to go for settlement."

Gary - "We’ve worked with Joy for several years now. She aided us in buying the current house we’re living in and also the house that we just sold. Joy and her whole team just have their act together. I was in the business for myself and I know how hard it is to get a team to click and she just seems to be able to do that."

Mitzi - "They helped me sell my home even through some of the wrinkles that my ex-husband caused. They had peak traffic through my house and they did a very good job with the marketing aspect. I just always felt comfortable with her. They really helped me through the closing and even after the sale when I had breast cancer and couldn’t mow my grass, my Realtor Nick came out a couple times to help me with that which was above and beyond! It was just a really good experience and I recommend Joy all the time!"

Ed - "When we were looking for a real estate agent, we wanted to work with someone who was willing to work around our schedule. Joy and her team quickly exceeded our expectations in helping us find a home. They were there for us, they walked us through many homes, and were even chipper and brought us coffee when we’d go look at homes at an unholy hour on a Saturday morning. I never had to wait longer than 30 minutes for them to return a phone call and they were also involved in the community, which shows a commitment to the community at large. Joy has sold over 3 homes for my family and when she sells my current home in the spring, we look forward to working with the best team in Harrisburg and Central Pennsylvania! "

Jennifer - "Being that she’s the president of the company, we felt honored that Joy wanted to work with us. Twelve days after the house went on the market, we got an offer! I think the communication was great. Everyone that we talked to was professional and happy. We could tell they all love their jobs! It was just an all-around positive experience."

Shelby - "They were absolutely amazing. There was never a period of time that went by that we didn’t have some sort of update from Joy or her assistant Heidi. They were readily available, and basically in constant contact with us!"

Leslie - "We worked with one of her agents named George. He was very helpful. We were looking for a new home rather than an existing home sale. He was helpful with the valuation of the lot, the features that would be useful for resale purposes as we were planning the home, and neighborhoods with the best resale values. We appreciated his insights and he worked with us a little bit in the process during our initial walkthrough when the builder has a different inspection times, and he offered insights during those times as well. It was good to have him. He had been involved with the builder before and was a new home specialist. On one occasion, he traveled with me from Harrisburg to Lancaster. He went with me to the design center and was very helpful with advice concerning buyer interest, home trends, and other things we should be thinking about when making decisions about features we should put in the house."

Linda - "It was perfect, from day one until we sold the house, our agent was excellent. Everything he told us, he said we would sell our house within two or three days and we did. Everything just went perfectly. We got the amount we wanted for our house, and we didn't have any problems at all. Any questions we had, we contacted our agent and it was just perfect. No matter what paperwork, anything like that. If we had any questions about anything. Now we had a homeowner's association, and we had to get a letter from them saying we were moving out. Our agent did all that for us. We didn't have to do that. He was really right on the ball, doing everything we needed to have done. It was just perfect. I would recommend Joy Daniels to anybody. In fact, I've already done that with a couple people that I've talked to. We've had other real estate companies, but this one was just a ten. That's all I can say, it was perfect."

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The Top 9 Reasons Buyers Back Out of a Sale