Buyer financing fell through — now what?
With rising mortgage rates and stricter lending standards, it’s happening more often.
But as a seller, you can protect yourself. 💡
First, request buyer pre-underwriting — this is more robust than pre-approval and provides better certainty that the buyer will secure financing.
Next, consider including an escalation clause in your backup offers, allowing you to move forward quickly if the first deal falls apart.
Earnest money deposits can also safeguard you by compensating for the lost time if a buyer fails to close.
Selling your home in today’s market is all about smart preparation and understanding how to stay protected against unexpected financing issues.
Need a customized strategy to protect your sale?
📞 Let’s talk about the best ways to navigate today’s unpredictable financing landscape.
