After a legally binding real estate purchase agreement has been signed, about 7% of real estate transactions were terminated before closing, according to the April 2025 REALTORS® Confidence Index Survey, based on thousands of real estate professionals’ transactions nationwide. Sixteen percent of contracts faced delays to settlement. The most common reasons are flagged items from a home inspection and the fallout. Either a seller refuses to make fixes, or the buyer is too demanding about requests for repairs. There was once a transaction where the home buyer requested light bulbs in a bathroom to be changed to a softer color. Check out below to see what sold in Cheltenham Estates in August 2025:
47769 Aberdeen Drive, Northville: 4 bedrooms, 2.1 bathrooms, 4,096 sq. feet, 3 car garage, Sold Price: $949,999
Cheltenham Estates Home Sold
August 2025
We always emphasize to our clients the points in a transaction where the sale could fall apart. But we also assure them that if we face any issues, we can guide them on what we can do. For more information on Cheltenham Estates, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.