Purchase Cancellations Hit A Record
In December alone, 40,000 U.S. home purchases fell apart.
That’s 16.31% of all homes under contract, the highest cancellation rate ever recorded.
Why deals are blowing up:
Appraisals are coming in low
Sellers are still anchored to 2022 pricing
It’s often cheaper to rent than to buy
The buyer walks.
The seller is stunned.
And suddenly they’re an 𝑎𝑐𝑐𝑖𝑑𝑒𝑛𝑡𝑎𝑙 𝑙𝑎𝑛𝑑𝑙𝑜𝑟𝑑, dreading the prospect of tenants and toilets, holding a property they didn’t plan to keep.
That's an overlooked opportunity. That's when bad news is good news.
Sellers coming off a canceled deal are often perfect candidates for a creative thinking and offers
These situations are popping up everywhere right now, and investors who understand creative structures can capitalize.
Waiting for "the right time" isn’t a strategy. It's an excuse.
Knowing how to structure the deal is a strategy.