Selling Your House in Smryna TN? What To Do If Your Buyer Falls Through

Selling your house in Smyrna TN?  There’s no guarantee, nor any way to estimate when your home will sell. We’ll review what you can do if your buyer falls through. It’s a big let down when you believe you’ve sold your home and moved forward with plans for your new home. Surprisingly, this does happen often! It is wise to be aware as you place your house on the real estate market. In this article we are going to review several key reasons a buyer falls through or defaults, and what if anything you can do to avoid it. 

Backing Out

It’s especially disheartening to learn that a buyer backed out because of buyer’s remorse. Sadly, there’s nothing you can do to save the deal for this reason. If you’re selling your house in Smryna TN due to an urgent reason for relocating, the stress of the sale going down the drain can be overwhelming. It’s also time-consuming and expensive when you’re suddenly forced to make last-minute arrangements due to your buyer’s change in the contract or vanishes altogether. At the same time, if you want to maintain the arrangements you’ve made for moving, you’ll need to act swiftly if your buyer falls through. 


While there may be serious buyers who haven’t been pre-approved for a mortgage loan, sorting them out can be time-consuming, intensely trying to one’s patience, and quite costly. One thing you can do to avoid the issue of qualifying for the mortgage, as a reason for failure on the buyer’s part, is to only work with pre-approved buyers to increase your chances of a successful deal. This means the lender is ready to work with them, having verified their credit and ability to afford the down payment and all of the costs associated with the transaction. While this will limit the number of buyers who pass through your door when you are selling your house in Smyrna TN,  it is in your best interest to have only pre-approved buyers. You do not want to waste time with a buyer who cannot qualify for a loan.


It’s advisable to have an independent inspection done by a professional when you’ve decided it’s time to sell your Smryna house. In any event, when you’ve found a buyer using conventional financing, you can be certain there will be an inspection. Depending on the age and condition of your home, failing the inspection is a deal-breaker. Be aware whether you hire professionals or are capable of doing the work yourself, you’ll need to invest even more in the property in time, money and all of the headaches repairs bring.

The biggest issues in home inspection failures are cracked foundations, radon gas, mold, cast iron plumbing, old HVAC systems, outdated electrical wiring, and leaking or old roofs. If your home is in need of repair or is dated, you may want to read our article

Low Appraisal

You’ll need to consider investing in updating the home or repairing out of date or inoperational major home systems and structural issues, in order to be considered by quality, motivated buyers. Should the house you’re selling in Smyrna TN fail to appraise for enough to meet the desired loan to value (LTV) ratio of the lender, the loan will be denied. By having the home appraised by a professional beforehand, you’ll have a more realistic picture of what you’ll be able to sell for.

Selling your house in Smryna TN can be a maddening rollercoaster. Can you imagine losing time and money while waiting for a closing that falls? If you are paying a mortgage or just taxes and insurance plus utilities you have a sizable amount of cash going out each and every day and week while maintaining your property.  

No Show At The Closing

Yes, this happens. It happened to me last year with one of my rehabs. The buyer didn’t show at the closing and my closing agent got the call you never ever want, “the buyer didn’t show”. What a disheartening feeling after all the hoops and trails of bringing this house to close and it felled at the closing table. Why did the buyer back out? His agent gave me every excuse imaginable, but basically, he got cold feet or buyer’s remorse. Yes, it does happen.

Wanting to avoid such an awful experience and all of the emotional turmoil that’s attached is understandable. Want to know the best way to avoid your buyer falls through? Or, you are finding yourself facing time restrictions, don’t want to invest even more into your property, or you want to simplify the process of selling your Smryna TN house. Sell directly to Southern Homes Investments. This is the single best way to avoid your house sale from falling through. Selling directly to Southern Homes Investments may be your best exit strategy. Send us a message if you have any questions or call 615-500-4466 today! Please do visit our website at

Disclaimer: David Wright is a licensed real estate agent in Tennessee and this article is not a solicitation to list your house.

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