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Why we see huge delays in real estate sale deals getting finalised/closed ?

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Why we see huge delays in real estate sale deals getting finalised/closed ?

Last updated: February 20 2020
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  • Why we see huge delays in real estate sale deals getting finalised/closed ?

    Despite of so many channels and tools at aid, more and more sale deals either get deferred or closing them is becoming more time consuming. What could be possible reasons?
    Last edited January 17 2020, 11:07 AM.
  • #2

    #2

    Re : Why we see huge delays in real estate sale deals getting finalised/closed ?

    Are you taking about resale deals or new purchase or both?

    Reasons could be many, specific to the individuals/Builder who are looking to buy/sell.
    Please read IREF rules | FAQ's

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    • vijay.kurhade
      vijay.kurhade commented
      Editing a comment
      Mostly new properties, resale does get delayed but not like newer ones
  • #3

    #3

    Re : Why we see huge delays in real estate sale deals getting finalised/closed ?

    There are many issues that can disrupt the sale of a property to an interested buyer - issues that crop up after the property has been finalised. Most common reasons are financing issues or delays in sanctioning of loans. It may come as a surprise but in a time when banks are lending out like anything many loan applications get delayed or rejected for a whole lot of reasons. Sometimes the credit scores can change between the loan approval and closing process and cut down the approved amount leaving the buyer in need of extra money.
    Talk TRUE; Talk IREF

    Comment


    • vijay.kurhade
      vijay.kurhade commented
      Editing a comment
      Great, i was under the impression financing is surely number one ticket as real estate is high price purchase, but does buyers preferences, approvals among family members too consume time in going ahead with actual purchase?
      Last edited January 18 2020, 09:16 PM.
  • #4

    #4

    Re : Why we see huge delays in real estate sale deals getting finalised/closed ?

    vijay.kurhade there are and can be many reasons that cause delays in individual cases. Buyer's preferances and family approvals too cause delays in finalising of deals.
    Talk TRUE; Talk IREF

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    • #5

      #5

      Re : Why we see huge delays in real estate sale deals getting finalised/closed ?

      vijay.kurhade Buying preferences and differences within families too amount for delays in finalisation of deals.

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