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Updated over 12 years ago,

User Stats

144
Posts
31
Votes
John H.
  • Massachusetts, MA
31
Votes |
144
Posts

House under Deposit questions

John H.
  • Massachusetts, MA
Posted

I have rehabbed a few single family homes that all sell to first time home buyers. Most times these houses go under deposit and sometimes fall through due to financing.

The latest one, on market for 8 hours and went under contract (Aug 8th). They are getting a VA loan and we still do not have the commitment letter. So if it falls through, my house has been off the market for 2 months and will go back on in the fall/winter season which is harder to sell in.

Each time my houses go under contract they are locked up for 30-60 days that they are not even being shown. Is there a better way to do this? Or is this just part of the game and keep eating my ramen and stop complaining?

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