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Updated almost 4 years ago,
Many buyers always find reason to delay closing?
I am not sure if this is just alot of my deals or common practice, or maybe I am reading into it way too much.
On so many of our flips we accept a 30 or 45 days close. I would say over half the time it goes at least a week beyond that if not more. Many times I get very lame excuses from the agent and often it seems they are not working with any urgency. Countless times, no matter how much I push for it, they want to do their final walk through a day or two before closing to check the ROC items. More times then not their is something not to their liking so we have to make additional repairs, then they reinspect and so on...
What I suspect is they offer a 30 days close to get the house. But really they are not ready to move right away or don't want to pay two mortgages.
Do you find this is the case or are all these excuses for delays legit. I cannot imagine its common practice to put a per diem on flipped homes?