Wednesday, May 4, 2022 / by Stephanie LeFew B
Common Reasons Closings Get Delayed
Buying a home can be one of the most heart-wrenching and nauseating adventures of your life. But once closing is scheduled, that’s it, right? The stomach-in-your-throat feeling should go away and all is smooth sailing.
Well, not always. There are many reasons closings may get delayed. Don’t let this list get you down, but it’s a great bit of knowledge to tuck away just in case. Try to remember that sometimes delayed closings do happen.
Repairs Were Delayed
In this age of short labor and uncertain supply chains, repair delays are inevitable. It happens in ideal times, too. Maybe it happens because a part didn’t come in for that water heater that was on your repair sheet, or there was no one available to fix the siding where someone’s grill got a little overly excited and left a mark.
Sometimes you have no choice but to wait to close, especially if you’re using a loan type that requires the requested repairs to be made before closing. But, in oi ...
Well, not always. There are many reasons closings may get delayed. Don’t let this list get you down, but it’s a great bit of knowledge to tuck away just in case. Try to remember that sometimes delayed closings do happen.
Repairs Were Delayed
In this age of short labor and uncertain supply chains, repair delays are inevitable. It happens in ideal times, too. Maybe it happens because a part didn’t come in for that water heater that was on your repair sheet, or there was no one available to fix the siding where someone’s grill got a little overly excited and left a mark.
Sometimes you have no choice but to wait to close, especially if you’re using a loan type that requires the requested repairs to be made before closing. But, in oi ...
