Cancelled Contracts are on the Rise!

Cancelled Contracts are on the Rise!

  • Michael LaFido
  • 08/26/22

 

In June of 2022, 60,000 contracts were canceled for homes under contract — the highest since March of 2020 😳

Today a seller needs to be more flexible with inspection issues because there are not as many buyers out there.

Sellers should make sure even more today that buyers put more earnest money down and are well qualified before accepting an offer.

 

#luxuryrealestate #milliondollarlisting #chicagolandrealestate #chicagolandhomesforsale #lafido

 

Michael LaFido
Luxury Real Estate Realtor | Author
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Throughout his career, Michael learned the importance of high-caliber marketing versus “traditional marketing”, which has become pivotal to his success. Over the past twenty years, LaFido and his team have developed a method that takes a more comprehensive, and proactive approach when positioning and marketing a home.