{"id":7350,"date":"2017-12-04T00:00:00","date_gmt":"2017-12-04T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/5-most-common-reasons-for-closing-delays\/"},"modified":"2017-12-04T00:00:00","modified_gmt":"2017-12-04T00:00:00","slug":"5-most-common-reasons-for-closing-delays","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/5-most-common-reasons-for-closing-delays\/","title":{"rendered":"5 Most Common Reasons for Closing Delays"},"content":{"rendered":"<p>\n<\/p>\n<div readability=\"37.576331360947\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"24.123076923077\"><!--paging_filter--><\/p>\n<p>Seventy-three percent of home sales closed on time in October, but 25 percent of REALTORS\u00ae report a delay in getting to the settlement table, according to the latest REALTORS\u00ae Confidence Index, a survey based on responses from more than 3,500 <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">real estate<\/a> professionals. Only 2 percent say a contract was terminated completely.<\/p>\n<p>What are the main problems encountered with delayed settlements? Real estate pros report the following:<\/p>\n<ol>\n<li>Issues related to obtaining <a href=\"https:\/\/amazingproperty.com.ng\/blog\/construction-loans-for-commercial-and-residential-builders\/\">financing<\/a>: 32%<\/li>\n<li>Appraisal issues: 20%<\/li>\n<li>Home inspection\/environmental issues: 16%<\/li>\n<li>Titling\/deed issues: 11 percent<\/li>\n<li>Contingencies stated in the contract: 6%<\/li>\n<\/ol>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" alt=\"\" src=\"https:\/\/i0.wp.com\/realtormag.realtor.org\/sites\/realtormag.realtor.org\/files\/rmo_files\/images\/2017_dec\/1217delays.png\" style=\"width: 620px; height: 485px;\"\/><\/p>\n<p>Seventy-four percent of all contracts in October contained contingencies, most often for home inspections, appraisals, or financing.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" alt=\"\" src=\"https:\/\/i0.wp.com\/realtormag.realtor.org\/sites\/realtormag.realtor.org\/files\/rmo_files\/images\/2017_dec\/1217cont.png\" style=\"width: 620px; height: 330px;\"\/><\/p>\n<p><em>Source: \u201cREALTORS\u00ae Confidence Index Survey,\u201d National Association of REALTORS\u00ae (October 2017)<\/em><\/p>\n<\/div>\n<\/div>\n<p><a hre=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/OZDHvMZ0Onw\/5-most-common-reasons-for-closing-delays\"> Realtors <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seventy-three percent of home sales closed on time in October, but 25 percent of REALTORS\u00ae report &hellip; <a title=\"5 Most Common Reasons for Closing Delays\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/5-most-common-reasons-for-closing-delays\/\"><span class=\"screen-reader-text\">5 Most Common Reasons for Closing Delays<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7351,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4],"tags":[12908,543,215,248,41,818,84,479,10234],"class_list":["post-7350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-home","tag-home-buying-guide","tag-home-sale","tag-home-sales","tag-property","tag-real","tag-real-estate","tag-realtor","tag-settlement"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/1217delays.png?fit=1334%2C1044&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=7350"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7350\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/7351"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=7350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=7350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=7350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}