The Washington Post is reporting that one-third of realty transactions are plagued by delays, with some of them being fatal. Citing data from an internal survey of 2,643 conducted by the National Association of Realtors, they report that 32% (nearly one third) of all real estate transactions experienced some sort of delay.
When you break down that 32%, the delays were caused by:
- Buyer financing setbacks – 46%
- Home inspection issues – 14%
- Appraisals that diverge from the agreed-upon contract price – 21%
