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What could be holding up my closing
What are things that could be holding up my home closing? What are the reasons that could delay a real estate closing.
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1 Reply
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Several factors can hold up a home closing, including:
Loan Approval Delays: Underwriting issues, documentation requests, or last-minute financial changes can delay approval.
Title Issues: Problems like unresolved liens or unclear ownership can prevent the title from being cleared.
Appraisal Discrepancies: Renegotiations or delays may occur if the property appraises for less than the purchase price.
Inspection Issues: Necessary repairs or disputes over inspection findings can cause delays.
Final Walkthrough Problems: Unresolved issues during the final walkthrough can delay closing.
Addressing these factors proactively can help avoid delays.