When a Home Sale Falls Through, What Now?

You’ve done everything right to get your home sold. You’ve cleaned, staged, listed, and accepted a promising offer. Maybe you even found your next house and started packing. And then, unexpectedly, the home sale “falls through.” You’re not alone. Historically, around 5%-7% of contracts get terminated, according to data from the National Association of Realtors (NAR). The current high-interest-rate market is likely contributing to failed deals. The current high interest rate market is likely contributing to this uptick in failed deals. Historically, a more typical average of canceled pending sales is 5%–6%. In this post, we provide eight clear steps you can follow to help get your home back on track and into the hands of a new buyer. Did a Canceled Deal Spoil Your Own Selling Plans? Start making offers again without waiting to sell your home. HomeLight’s Buy Before You Sell program can unlock a portion of your equity upfront to put toward your next home. Make a strong offer with no home sale contingency. 1. Find out exactly why the sale fell through Before you make any big decisions, press pause and get clarity on why the sale didn’t close. Your next steps will depend heavily on wha...