{"id":11069,"date":"2017-02-27T15:13:45","date_gmt":"2017-02-27T15:13:45","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=11069"},"modified":"2017-02-27T15:13:55","modified_gmt":"2017-02-27T15:13:55","slug":"what-threatens-your-closings-the-most","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/what-threatens-your-closings-the-most\/","title":{"rendered":"What Threatens Your Closings the Most"},"content":{"rendered":"

What Threatens Your Closings the Most<\/h2>\n
\"What<\/a>

What Threatens Your Closings the Most<\/p><\/div>\n

The majority of contracts settle on time, but more than a quarter of practitioners are citing delays due to common culprits.<\/p>\n

In the latest REALTORS\u00ae Confidence Index report, 29 percent of real estate professionals say they faced a delay to settlement and 5 percent reported a contract that was terminated. Sixty-seven percent of practitioners reported their contracts were settled on time.<\/p>\n

Among the contracts that had a delay to settlement, 38 percent were due to issues related to obtaining financing and 22 percent were from appraisal issues. Survey respondents blamed appraisal-centered delays on the shortage of appraisers, valuations that were not in line with market conditions, and \u201cout-of-town\u201d appraisers who were not familiar with local conditions.<\/p>\n

Other issues that caused delays involved titles, sales contingencies, problems related to distressed sales, home\/hazard or flood insurance issues, or a buyer losing a job.<\/p>\n

Among contracts that were terminated, the most common reasons were related to home inspections, obtaining financing, and appraisal problems.<\/p>\n

The median number of days to close a contract was 40 days in January, down slightly from 42 days a year ago in January 2016, NAR reports.<\/p>\n

Source: \u201cREALTORS\u00ae Confidence Index: January 2017,\u201d National Association of REALTORS\u00ae (Feb. 22, 2017)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

What Threatens Your Closings the Most The majority of contracts settle on time, but more than a quarter of practitioners are citing delays due to common culprits. In the latest REALTORS\u00ae Confidence Index report, 29 percent of real estate professionals say they faced a delay to settlement and 5 percent reported a contract that was … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-11069","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nWhat Threatens Your Closings the Most - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/what-threatens-your-closings-the-most\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/what-threatens-your-closings-the-most\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/what-threatens-your-closings-the-most\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"What Threatens Your Closings the Most\",\"datePublished\":\"2017-02-27T15:13:45+00:00\",\"dateModified\":\"2017-02-27T15:13:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/what-threatens-your-closings-the-most\\\/\"},\"wordCount\":216,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/what-threatens-your-closings-the-most\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2017\\\/02\\\/02272017.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/what-threatens-your-closings-the-most\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/what-threatens-your-closings-the-most\\\/\",\"name\":\"What Threatens Your Closings the Most - 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