Navigating Closing Delays in Real Estate
Whether it’s weather events, appraisal issues, insurance hold-ups, or financing hiccups, closing delays can derail even the smoothest transactions. We dive into what causes these delays, how to communicate effectively with all parties involved, and how to protect your clients from last-minute surprises.
With closing delays happening in nearly one out of four transactions, it’s critical to stay on top of every moving part. We share tips on setting client expectations, using contract timelines wisely, and asking the right questions at the right time. You’ll hear stories of delayed closings due to hurricanes, boat sales (yes, really), and even lenders not doing their due diligence.
If you want to improve your systems, support your clients better, and avoid becoming part of the dreaded 23%, this episode is packed with insight.
What You’ll Learn:
-
The most common reasons for closing delays
-
How to avoid delays with better communication
-
When and how to follow up with lenders and title companies
-
Why setting expectations early is a game-changer
-
How to manage risk when accepting contingent offers
-
Real examples of delays (and what could have prevented them)
Remember: they aren’t always avoidable, but how you manage them makes all the difference. Stay proactive, and your clients will stay confident.
ratethispodcast.com/hustlehumbly
