Have you driven by a house for sale and seen the “Under Contract” or “Sale Pending” sign added when a home has a signed contract? Have you also noticed this sign get removed a few days later? This happens when a potential buyer terminates a contract and the seller is stuck putting the house back on the market to solicit the next buyer.
This week I’m breaking down how often a house goes back on the market after having a contract in place. There are about eight reasons in a Colorado real estate contract for a buyer to terminate a contract:
- Title documents
- Non-public matters
- Due Diligence Documents
Each one of these options allows for the buyer to…