What happens when real estate deals fall through?
When a real estate deal falls through, it means that the sale or purchase of the property did not go through as planned. This can happen for a variety of reasons, including:   Financing issues: The buyer may be unable to secure a mortgage or other financing for the property.   Home inspection problems: The results of a home inspection may reveal significant issues with the property that the buyer is unwilling to accept.   Appraisal issues: The property may appraise for less than the agreed-upon purchase price, making it difficult to secure financing.   Contract issues: The buyer or seller may have violated the terms of the contract, leading to the deal falling through.   Changes in personal circumstances: The buyer or seller may experience changes in their personal circumstances, such as job loss or illness, that prevent the deal from going through.   In the event that a real estate deal falls through, the parties involved may be able to renegotiate the terms of the agreement or may choose to walk away from the deal entirely. Whether or not the seller gets to keep the deposit as compensation will depend on the nature of the clauses in the contract and whether the contract is "firm" or conditional. In most cases, the parties should involve their real estate lawyer to resolve any disputes. | Most Searched Real Estate Questions