Pending offer and back on market soon

[Shimizu Ogawa]

I spotted a home I like but there are a number or records like this on its file:

• 1/15/2020 Back on market $399,900
• 1/13/2020 Pending sale $399,900

Can it be an indicator that home has severe structural issues so potential buyer made an offer but home inspection reveled something nasty and he/she quit the deal?

[Abel Curiel]

Hello @Shimizu Ogawa,

There are plenty of reasons why this could be back on market 2 days after having a pending sale:

- Buyer's financial situation changed (lost job, unexpected expenses, job relocation, etc.)

- Buyer was dissatisfied with inspection findings

- Buyer or seller were unreasonable during contract negotiations

- The proposed closing date changed and was no longer feasible for both sides

- Title issues

- AND many other possibilities...

That being said, its pretty common to assume that the deal fell apart because of the property itself. However, I wouldn't assume so especially if its a property you're seriously interested in. Check it out for yourself... Most states allow you to retract your initial offer within a week or so.

Best of luck to you moving forward!

Abel