Why do pending sales fall through? The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that when a buyer’s loan application is rejected, it’s usually because the appraisal came back lower than the offer. If the home appraisal comes back significantly lower than the asking price, get another appraiser’s opinion. If you keep getting the same result, you may need to reconsider your price or make other concessions. Also, if the buyer is all in for the house, but can’t close until their home sells, then their transaction is dependent on another outside force that you have no influence on. When talking to potential buyers, have an open dialogue with them about whether or not they are also trying to sell their home. Check out below to see what sold in Country Club Village in June 2020:
39793 Eagle Trace Drive, Northville: 3 bedrooms, 2.1 bathrooms, 1,963 sq. feet, 2 car garage, Sold Price: $400,000
Country Club Village Home Sold
June 2020
Thirty percent of mortgage applications are rejected. The best way to keep the sale alive is to keep open communication with the buyer and their agent throughout the process. For more information on Country Club Village, or similar Northville or Novi neighborhoods such as Island Lake Arbors, Blue Heron Pointe and Lairdhaven, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.