Secrets Revealed: Why Home Buyers Walk Away

In this video, we reveal the secrets behind why home buyers walk away from a deal before closing. Learn the reasons and how to prevent it from happening to you as a home seller or real estate agent!
Imagine this... You're in the closing process of selling a house when you get a call from your listing agent that the buyer is walking from closing. That's probably, not the news you wanted to hear from your listing agent. So let's get real about the top 11 reasons why home buyers walk away from a sale so we minimize the chances of this happening to you!
#WhyHomeBuyersWalkawayFromASale
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📒 Show Notes 📒
What you'll learn:
1. Reasons home buyers walk away!
2. Why won't my house sell!? | Why isn't my home selling?
3. Backing out of buying a house before closing - Here's what to do next.
4. What you can do if your house won't sell!
NOTE: To adjust video speed for your listening/ viewing pleasure, please use the settings icon on the bottom right of your screen. It looks like a gear. =)
Timeline:
0:00 - Intro
1:12 - Reason #11: Blinded by love with rose-colored goggles! aka... An emotional decision they regret making!
2:16 - Reason #10: Pest Infestation!
4:06 - Reason #9: Non-Disclosure & Dishonesty by Sellers!
5:28 - Reason #8: Sewer Issues!
6:25 - Reason #7: DIY Enthusiasm Gone Wrong!
7:15 - Reason #6: The Wishy-Washy Buyer!
9:51 - Reason #5: Electrical and Plumbing Problems!
10:55 - Reason #4: Tsunami of Water Issues!
12:23 - Reason #3: Mold!
13:11 - Reason #2: "Low-Appraisal!"
15:21 - Reason #1: The Difficult and Unreasonable Seller!
Want to know more about buying a house in Las Vegas or Las Vegas real estate? Send me a message. I'm happy to help.
Thank you for watching! =)
Enjoy an amazing day!
-Your Trusted Real Estate Advisor, Andrew Finney
Contact info:
Andrew Finney
USMC Combat Veteran/ Trusted Real Estate Advisor
License #S.0173260
King Realty Group
6955 N. Durango Dr. Suite 1004
Las Vegas, NV 89149
Designations-
Certified Residential Specialist (CRS)
Accredited Buyer's Representative (ABR)
Sellers Representative Specialist (SRS)
Certifications-
Military Relocation Professional (MRP)
Disclaimers/ Credits:
At the time of production, Andrew Finney, S.0173260, is a real estate salesperson with King Realty Group (KRG) in Las Vegas, NV. Andrew's videos are his own and do not necessarily represent the views and/ or opinions of KRG. The purpose of Andrew's videos is to educate you and help you make sense of the real estate process. I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. If you have questions about home loans, real estate, taxes, financial advice, real estate law, insurance, professional trades, or any other services, you are advised to reach out to the appropriate professional for further counsel about your own unique situation. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or any other and may be outdated or inaccurate; it is your responsibility to verify all information for yourself. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that is free from error. Linked items may create a financial benefit for Andrew Finney Team. Any use of other media is by fair-use or license only.
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[@lauragrandstaff4889]

If I were the seller & a buyer complained about a dryer knob being a problem, I would remove the dryer. Then, I would ask if the remaining appliances meet the buyer's expectations. Andrew's videos are extremely enlightening!!!

[@javiermartinez3106]

Home inspection comes back with thousands of dollars in repairs and you already are paying top dollar for the house...

[@jbeats1930]

Exactly!

[@GuitarsAndSynths]

this happened to me with one home I had an offer on when the home needed 10k in major repairs and pool needed another 15k. Walked away from that dumpster fire. Hoping next home is not a similar event as inspections are not cheap to have done. Still worth it to avoid money pit.

[@bacawaka2813]

Yeah I was under contract for house that I thought just needed some cosmetic repairs. Turns out the house had a rusty gas line, old non working HVAC, mold, and water issues.

[@hushg2000]

@@bacawaka2813 Non of those issues you mention are difficult to work on. HVAC needs replacement no matter what these Yuppies have been told about the HVAC. Anything over 10 years is old, and therefore you walk away. Like seriously, why shop for an older home if you’re going to be picky with basic oil changes lol Gas lines? That’s like a few hundred dollars of work, no big deal. HVAC’s require basic maintenance and can last 15/25 years. Every compressor leaks a pound or so after being over 10 yrs old. I seen so many pass up a dream home over a HVAC lol They ended up with shitty homes in non desire neighborhoods at the end of the day. Seen it smh As long as the foundation and roof are solid, everything is a piece of cake. Leaks are easy to spot through the walls. If there is a leak, the drywall will show it. If not, then it is not an issue. Too many buyers back out over basic shift of the home causing common cracking (Texas homes) no big deal whatsoever. Overly hypebeast buyers is what I experience. I say stick to new homes and don’t waste the sellers time with used home dumb shit. That’s my bold opinion

[@mimicmage]

@@hushg2000 HVAC is expensive. I guess it depends where you live. If you're speaking from a personal perspective. Not everyone is you an can or know how to do the work

[@sheshevcc3948]

Seller wanted us to pay all closing costs , the realtor commission and to forgo house inspection. Willing to keep offer on table open fours, We walked away from deal

[@GuitarsAndSynths]

smart decision! Also don't waive appraisal contingency what if the house comes in way under appraisal then you are SCREWED!

[@lauragrandstaff4889]

Good for you!!! Something was lurking in the shadows that would have been exposed!

[@Longjohnsilver58]

Reason 12, which should be number 1, is the seller gets fed up with the buyer’s BS and says enough is enough. The customer is not always right. The seller can always find another buyer. The seller loses their dream house, any money they spent on inspections, and possibly even earnest money. Buyers need to check their attitude and be reasonable and more importantly, the agent needs to help them do that rather than feed into their insanity.

[@nuvoclassic]

This is THE BEST real estate advice video I've seen on YT. tfs

[@AndrewFinney]

Wow, thank you so much for your very kind words. I'm sending you positive vibes everything is going your way. Peace be with you.

[@WhyKnot1208]

Thanks for the insightful video. No audio issues for me.

[@nfn4]

I walked away the day of closing, becaue the title search showed the house 🏠 as Condominium, not a Town House, as advertised be the realtor, when I saw the listing. Even though the appraisal came back matching the contract price, three homes, steps away from the one I was in contract with, was sold for 15k less than the house I was about to close on. Another reason why I became cold feet and walked away on closing day. I did get my earnest money back becaue of the false listing, and the realtor re-listed the house 🏠, with the disclosure that it is condominium not a town house.

[@GuitarsAndSynths]

Failed home inspections and refusal of seller to credit toward repairs is biggest one and unable to fund loan if a buyer.

[@applesomething]

Yep. I'm in escrow for the 3rd time since July because escrow #1 the house had mold, pest, and roof issues and the seller only offered a $2,000 credit. Escrow #2 the house appraised for WAY under the price we both agreed upon. We'll see what happens This time!

[@harmpsh]

V. C. M well, if your lawyer put an appraisal contingency in the contract and the house comes significantly under price and the sellers doesn’t want to budge on price, you can walk from the deal and get your deposit back

[@rayshu3346]

@@harmpsh but you will still be out of money for inspection and appraisal though, that's around $1000.

[@hushg2000]

I’m sure you never got around into buying a house lol... in a sellers market, you have to be realistic snd have funds to update the home for your happiness. It’s like buying a used car, you change the oil and spark plugs so you know it’s good to go. Sams with homes ... nothing different

[@applesomething]

@@hushg2000 False! We closed on this escrow Halloween 2019 and I didn't have to settle for a house with mold or other deal-breaker issues. The seller repaired my most important requests and the inspector made the seller make a repair to the foundation. A year and half later and the market is WAY different here in Southern California and I'm' SO glad we got this house when we did. I got a great house at a great price.

[@zakman9244]

I'm now living in North Texas for the last 25 years . I found that home appraisers and inspectors do not know how to do a Septic System Inspection !! I did them for many years . I also built buildings and houses and with age went to remodeling then to repairs . I got tired of being an auto mechanic , truck , gas and diesel , big trucks , semi trucks and trailers , heavy equipment , hydraulic mechanic , auto body repair painting technician and ran and operated everything I worked on and more , so I changed from moonlighting in construction to building . I own my home but am looking for a different home with a few acres of land . This will be my first time working with a Realtor . So I need to learn more about Realtors . This time I want to use my military benefit for buying this next home with a few acres of land . So I hope to find a video of Realtors of what they must do without getting gaslighted to say it politely . Again , everything you're saying in this video is spot on ! Thanks 😊 I am looking at an old house with a few acres of land , but they are asking Way too much for what they are selling . I did ask a few questions and received some answers . One being that the seller works or worked in construction . But everything that was done is a total disaster !! I did make a more than fair offer but was turned down . The seller did come back with , I could buy a couple acres on the one side of the land . That's not what or why I made an offer on the place . My gut tells me either the realtor came up with the asking price or the seller wants to get rich on the place . Anyway you look at it , it's just Way Overpriced !! So now I have to get creative ! I'll be a bit flexible but I'm not giving them their asking price . It's been on the market too long already . I found what some sellers will do is after so much time , they'll take it off the market , wait a little bit and list it again . Can the same realtor do that ? Because they will never get their asking price as it is now !! It's not even in the realms of comps . Also the interest rate's have been going up and selling has slowed way down , and mortgage applications have redused significantly . Any info you can help with ?

[@xtraflo]

Just sold my home and I thought I was going to have an Ulcer. We dropped the price by $30k just to get offers and once we finally got a buyer, Inspection found; Rats, Mold, old furnace and filthy ducts. We thought we were screwed - but Thankfully!!, we still managed to close with an additional $8k price reduction. Whew . . !

[@ArtseeChick]

Y’all nasty then.

[@GuitarsAndSynths]

why do you neglect your house ? One would think pride of ownership would be good to have.

[@chevonjackson]

​@@ArtseeChick😂😂😂 I'm dead!!!

[@omegalgo297]

Thank you Andrew !!!!!!!

[@MyTumbleWeedHome101]

terrific information for me a first time home buyer! I ''ll be watching all your videos on buying for sure!!!! Thnakks you rock!

[@AndrewFinney]

Awesome! Thank you Katja! I have hundreds more I need to make public again. I've created well over 800+ videos on for this channel since Feb 2016. Most of which are presently not listed thus cannot be found until I make them public again. If you have any questions or if you'd like to see anything please let me know. Sending you positive vibes everything is going your way. =)

[@cetriyasArtnComicsChannel]

#JTAB. yep, just canceled/ walked away because of the roof. it was over 27 years old, had visible and badly done patches (with leaks) and yet they say their inspector says it can last another 3-5 years... um not only have roofing codes has updated, I can't find an insurance that will take a roof over 20 years old. this was after waiting. week to get a response back from them.

[@Falconlibrary]

"Their inspector"? You always hire an inspector of YOUR choice who works for YOU.

[@barbaravalentino302]

Thank you! Reinforcing.

[@stiofanlful]

Great videos u put out...!I m in the business ..... thx

[@rhondasimms554]

Who is the greedy one in this situation? We decided to move closer to our son and his family. We saw a home online and asked the agent to show it along with 2 others. We ended up deciding to build a house in a subdivision and let the agent in on the contract w I th a 3% commission, $18,000. The builder's agent did all of the paperwork. The buyer's agent showed up to sign the contract. Then, my buyer's agent and his boss tried to make us sign a buyers contract after the fact and pay them $895 more, plus a percent of any additional cost up to $750,000. I said no and they didn't get the listing of my existing home, which would have given them another $15,000. BTW, my home sold in one day.

[@charleselliott1568]

Thanks for the information

[@AndrewFinney]

You're welcome Charles. Sending you positive vibes everything goes your way!

[@mkplltr]

I have a contract with a builder that is building apartments for Air-b-n-b vacation rentals. This is a large development with many apartments for sale and I bought one apartment as an investment. The problem is my apartment was not completed by the closing date. Now the builder changed the closing date twice from the original date. The latest closing date is more than one year from the original closing date and I don't think it will be ready at the new date. My question is can I terminate the contract for this reason?

[@kymberlydawn1445]

Excellent video!

[@AndrewFinney]

Thank you Kymberly! 🙏

[@eh9deux]

We just finished the inspection on our first prospective home and plumbing and drainage issues are giving me cold feet. :( Also, tsunami is pronounced "soo-nah-mee" lol

[@amanacatandhisdog8836]

About to close. When looking at houses I went to one. Asking 299,000. The kitchen was dated there was cracks up the interior wall no cover on plugs and loose cover on light switch in garage. Outside huge wooden patio decaying and dead trees and swingset to be removed. They put in a new bar and fancy bathroom mirrors w a touch screen. I ran from that property. It is still listed and 137 days current listing. Waste of time going there. They hid the problems w heavy edited pictures in the listing.

[@rayshu3346]

Buyers walk away might because of unreasonable counter offer, all of the sudden the seller wanted to sell the house as is and its not been taken care of at all, why do I want to spend $500 to have the house inspected just to find out I can't get a loan due to the condition of the house when I know its very likely that will happen? and seller does not want to do any repairs? I don't want to spend money on repairing the house that might or might not be mine at the end. And the seller wanted me to pay for 3 junk mobile homes hauled off the property which will cost me $7500, when they know no loan will approve if those are not hauled off already, so I walked away.

[@Gunngirl]

ugh, you know they were leaving those homes for the next person. I'm in a situation right now with a bad inspection. It is a cute little brick house that I thought needed mostly cosmetic repairs. I am on a VERY limited budget and turns out needs full roof replacement, window fixes, plumbing fixes, whole house re-wire, and AC, Furnace and Water heater are all 20 years old. Also the garage needs to be rebuilt. I was going to deal with everything but the roof and electrical, but they want to give a credit. I doubt it would cover those repairs. Realtor keeps saying 'well, it's an old house..." Well, I'm sorry, I can't do it.

[@hushg2000]

@@Gunngirl Seriously, go buy a new home. All those things are common for used homes. Sometimes the inspector says it how it is and sometimes he hides it. Point is, if the inspector didn’t catch a flaw, don’t worry, you will catch it sooner or later. Because it is a used home. Anything over 15 years will need a tad work. And anything over 20+ will need work. Those are facts

[@DonC11669]

Does it make sense if it dosen't need fixing, don't fix it?

[@mweber5459]

A lot of background noise in the video. There are remedies for this you might want to look into because you have Great content

[@denisegirmer4550]

Question- we are replacing the flooring in our large kitchen , family room , entry . We own a high end tile store and are thinking instead of wood to use high end wood tile ( extremely realistic) as we would get all materials free . Do you think it will be a turn off if it’s not wood? Ty!

[@AndrewFinney]

Honestly, that sounds like a great idea if all the flooring will flow together nicely. When I redid my floors I used wood vs wood grain tile though the tile is my preference. The only reason is the tile didn't look as nice as wood when where it would meet up with the travertine in my house. If I replaced all floors at the time, i would've gone with wood grain tile. I like the look personally and love the durability

[@denisegirmer4550]

@@AndrewFinney ty for your opinion . I wasn’t sure if it would turn a buyer off.

[@randolphshaheed8945]

Please answer my questions how do l view my past comments from yesterday?

[@randolphshaheed8945]

How do l view my comment from yesterday 5-17-22?

[@janicetribbiani7535]

Tsunami is pronounced with the “s”. 😅

[@AndrewFinney]

Lol... Indeed, slipped out. Sending you positive vibes everything is going your way.

[@neptunedawn7121]

This sounds like Las Vegas is a buyer's market.

[@jeffm2787]

Scorpions, crazy difficult to get rid of. Not impossible to keep out. Always be honest, karma is a bitch. We use Less amperage these days then in the past, so the need for more powerful panels is not exactly accurate. Now that's not to say old crappy panels don't need to be replaced/upgraded.

[@angelastewart1450]

I like his videos but he talks so fast make my head hurt.

[@AndrewFinney]

Hi Angela, Thank you for watching and for sharing your thoughts with me. I'm working on slowing down a bit and you'll see even better videos in every way in 2021. For all previous videos, if you tap the gear icon on any KZbin video you can adjust the speed settings of the video. Kind of like Audible that way. What would you like to watch next? Thank you for watching! 3 Easy Ways to Help Our Tribe Grow - Let's give the KZbin Algorithm what it wants together. =) #StrongerAndBetterTogether 1. Subscribe and tap the bell icon for all notifications 2. Watch, Like, and comment on all videos 3. Share the videos on your social media

[@hardchooligan]

I love your information but wish you didn't have such a dry delivery. To put it in terms you can appreciate,dont do death by PowerPoint lol

[@ArtseeChick]

Nothing is wrong with his delivery, you’re just slow.

[@randolphshaheed8945]

Did you get my info

[@BRONXDEVILDOG]

Hey, so its seems like you're set on always making videos, which is great. For that matter, please, PLEASE get yourself a decent microphone so that we can hear you better. I have a hard time hearing you. Sounds like there's an echo bc of the distance between your camera and you. Also, it's not really a "top" list if there are 11 items on it. Top 3, maybe top 5, but top 11? Too much content. Makes it counter productive. Constructive criticism Marine, that's all. Wouldn't mention it if I didn't want you to suceed. I appreciate all your information. Thank you for your videos. Keep them coming. Semper Fi Devil Dog. Oorah!