Factors That Can Affect Closing On Time

According to National Association of Realtors, roughly 60% of purchase contracts actually settle on time. This means 6 of 10, of your transactions close on time.

What gets in the way? 

Financing:           39%

Appraisal:           16%

Title and Deed:   11%

Contingencies:     8%

Sellers/Buyers cold feet, HOA obstacles, etc.

Financing being the number one reason why a transaction fails to close. What specifically interferes is buyer’s income is not completely verifiable. Second, is down payment, and last but not least, buyers do something ill-advised during the processing of their loan file.  Call Joe Costa with San Diego's Park Place Financial Group today to guide you through the loan process and help close your escrow on time.