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Rainmaker
2,071,025
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

Only one this year. 

People did not get financing. 20% down-payment was not enough for that deal...

Jul 30, 2018 03:42 PM
Rainmaker
4,572,439
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

I have never in my career kept track of this statistic.

Jul 30, 2018 03:39 PM
Rainmaker
1,052,211
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

< 1% . . . we marry at LEISURE . . . so we do NOT repent in haste!


27 deals since this time past year, 3 cancellations and 2 had backups that slipped right in. The third one, County wouldn't approve his parking lot--he acted in good faith.

Jul 30, 2018 03:52 PM
Ambassador
5,230,130
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Although I haven't had that happen in a very long time, I know the percentage is high right now. 

I believe the percentage high right now because buyers are doing everything they can to win in bidding wars. After winning, they wake up the next day, wondering what the heck they just did! They will terminate sometimes before the ink is even dried on the Contract.

This is the very reason that I do everything I can to have a back-up Offer in-hand for my sellers. It's a good insurance policy!

Jul 30, 2018 04:37 PM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I haven't had a deal fall apart prior to closing in over two years... and that was the first one in many years. Buyers walked out on the contract one week before closing and to this day their agent has no idea why.

Jul 30, 2018 03:55 PM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

if an accepted offer falls apart, it's because of the home inspection and a surprise surfaced..... big one....

once we have a signed p/s, it's a done deal....

Jul 30, 2018 03:56 PM
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Extremely low.

Jul 30, 2018 03:32 PM
Rainmaker
2,220,654
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I have not had that happened to me. 

Jul 30, 2018 04:36 PM
Ambassador
2,339,248
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

zero  deals  Peter Mohylsky how many do you see ?

Jul 30, 2018 04:01 PM
Rainmaker
1,556,633
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

20-25%.  I presume it is because of appraisal.  I'm in Silicon Valley and people are going nuts to get a house.  Not all my listings/transactions-- just what I see on the MLS.  Under contract for about a week and falls through.

 

Jul 30, 2018 03:51 PM
Rainmaker
1,543,833
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

I've had one this year - fall apart 1 week before closing, (buyer income fraud) and none last year, so it's very infrequent. I've threatened 3 agents this year, by going back to Active on the MLS "subject to cancellation of current escrow" and notice to performs. I'm seeing a growing problem with agents that seem to vanish and  dishonor the contractual time frames.

I run the "not F'n around crew" here when it comes to unprofessional agents. I can't abide them.

Jul 31, 2018 06:33 AM
Rainmaker
851,242
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

3 this year:  one from a lender who shouldn't be in the business, two during inspections (& both when I delegated showings thereby reinforcing MY role). 

Jul 31, 2018 04:17 AM
Rainer
509,449
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

I don't think I ever count but not that many.

Jul 30, 2018 04:53 PM
Ambassador
2,684,109
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

      I haven't personally lost one in a long time.

     Our entire MLS is doing better.  A year or so ago the fail right was very high.   30% or more.  Most often due to the financing falling through, sometimes due to inspection results. 

Jul 30, 2018 04:39 PM
Rainmaker
519,324
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

None in recent memory.  

 

Jul 30, 2018 04:20 PM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Peter,

In 20 years of business, we have not kept that stat, nor in any other business we worked in!  We are not into metrics.  A

Jul 30, 2018 04:02 PM
Rainmaker
1,153,794
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Peter, I don't keep track of the fails only the closings. I'm at 98% since 2006.

Jul 30, 2018 06:59 PM
Ambassador
6,393,609
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Sometimes it happens, we move on.

Jul 30, 2018 06:26 PM
Ambassador
5,049,477
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Do you mean in general or personally? I don't know about the market in general. Personally once we have gotten past final contingency removal I cannot think of a deal that has fallen apart, but certainly a number have before that but I don't track this.

Jul 30, 2018 04:58 PM
Rainmaker
1,311,397
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Less than 5%.

Jul 30, 2018 04:50 PM
Rainmaker
7,836,431
Roy Kelley
Retired - Gaithersburg, MD

I have no idea of the percentage.

Jul 30, 2018 04:39 PM
Rainmaker
2,781,173
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I dont have stats for this. Why? I do a lot of vetting upfront

Jul 30, 2018 04:22 PM
Rainmaker
1,045,440
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

Pretty close to none I can only recall one deal falling apart I represented the buyer and the sellers were really doing some pretty stupid things. Buyers refused to close. Sellers eventually sued them Buyers went to court and won and the sellers ended up also having to pay the buyers attorneys fees inspection fees appraisal and more.

Aug 05, 2018 08:00 PM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Rarely happens in my business.  I do see maybe 5-% TFT on the MLS.  

Jul 31, 2018 09:00 AM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

For a while there, 50% of all first escrows, 20% of second escrows and 0% of third.  Usually over appraisals when the market was going up rapidly and people (and the comps) hadn't gotten used to it yet.

Jul 31, 2018 08:53 AM
Rainmaker
4,883,260
Richard Weeks
Dallas, TX
REALTOR®, Broker

I wish we knew.

Jul 31, 2018 06:46 AM
Rainmaker
2,182,552
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

very small right now 

Jul 31, 2018 06:40 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

From what point?  Pretty close to zero after inspections.

Jul 31, 2018 06:39 AM
Rainmaker
5,217,098
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

No clue over the years, but a very small percentage since I can't remember!

Jul 31, 2018 05:57 AM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

It is rare. most often for something no one knew in an inspection. I did have a buyer quit his job and lose his mortgage,  MAybe 1 out of 10

Jul 31, 2018 05:25 AM
Rainmaker
1,844,301
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Very small, can't say what percentage. Buyers loose jobs etc.

Jul 31, 2018 05:14 AM
Rainmaker
1,390,113
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

Fewer than 5%.

Jul 31, 2018 05:13 AM
Rainmaker
1,751,129
Mike Cooper, Broker VA,WV
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

A decade, there were more than today. Today, it's really almost zero. A lot of close calls, but few actual explosions. 

Jul 31, 2018 05:05 AM
Rainmaker
1,726,096
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Only about 1% for us.

Jul 31, 2018 04:52 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I haven’t seen many

Jul 31, 2018 03:18 AM
Ambassador
3,164,294
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I would say maybe 10% of our contracts fall out.  Most during Due Diligence when repair agreement/price adjustment can't be mutally agreed upon.

Jul 30, 2018 09:00 PM
Rainmaker
763,883
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

Less than 3% of mine, overall perhaps 5%.

Jul 30, 2018 07:47 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

As the managing broker I am seeing about 10% fall apart. Thankfully my numbers are much lower at about 3%.

Jul 30, 2018 07:04 PM
Rainmaker
5,868,565
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Had 2 crash this year, and believe it was because they had more than one home under contract.   Not at closing.

Aug 04, 2018 04:22 PM
Rainmaker
4,936,716
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

less then 5% 

Aug 04, 2018 12:53 PM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Very few if one has taken the time to dot every i and cross every t along the way

Aug 02, 2018 05:53 AM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Less than 10%

Aug 01, 2018 08:31 PM
Rainmaker
989,652
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

A lot less than I have a few years ago - I'm seeing less than 1% at the moment and more like .5%

Jul 31, 2018 06:34 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Peter Mohylsky - if I was not on top of it, it would have affected at least 20% of my deals... 

Yes, that is happening now.

Jul 31, 2018 04:21 PM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Typically, of 100 leads, 20 will become clients. Of those 20, 5 will close.

The 2 that fell apart just prior to closing, lost in 2018, was due to local lenders. In one case the LO actually ghosted the borrower! POOF - Gone. It was a personal emergency but the LO must still communicate with those involved.

Have never lost a deal when Quicken  was involved.....and I do not prefer online lenders.

The data excludes investors and their cash deals.

As a total transaction count, the 'falling apart' rate is less than 8%.

Jul 31, 2018 09:59 AM