What Happens to Homes that Fall Out of Escrow?
San Fernando Valley Real Estate Podcast with Scott Himelstein
English - April 28, 2020 18:28Education real estate for sale real estate agents top real estate agents local real estate agents find a real estate agent home selling tips home for sale home buying home buying process property finder Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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If your home sale or purchase has fallen out of escrow due to the coronavirus pandemic, there are plenty of ways to still get a deal done.
If a home falls out of escrow due to the coronavirus pandemic, what happens next? At the end of March, we had six homes fall out of escrow in a 5-day span. One buyer lost their job, another couldn’t get financing, and others got cold feet.
I can now tell you that of those listings that fell out of escrow, four out of six are back in escrow. One of the homes has actually sold for a higher price than it previously did. To learn how this happened and what you can do if your home has suffered the same fate, watch this short video.