Whether you are a buyer or seller you need to be aware of the fact that it is not uncommon for the transaction to fall apart at the very end. We have listed below the factors that are often the cause of such situations and what you can do to save the transaction.

A bank rejection is one of the common reasons why a buyer may not be able to buy the house they have in plan. If you get this far and have this situation come up, consider yourself lucky. Most sellers and their agents want to do business only with pre-qualified buyers. There is a chance that you can get yourself out of this mess by checking your credit report to see if there is any errors. There could be a mistake in reporting, a loan that you have paid off could be listed as still outstanding. Also if you have the money, you can offer a larger downpayment, this way you will reduce the mortgage balance and alleviate the lender's concerns. Sometimes, a transaction barrier has nothing to do with you but with the other side. The seller may be experiencing seller's remorse. They may feel that their home is worth more or that they are paying too much in losing costs. As a buyer you can fix this situation by increasing your counter-offer and you can agree to pay more of the clsoing costs. If on the other hand the buyer is having second thoughts about buying the home there are certain things that the seller and their agent can do to help you out; they can offer a counter offer, they can pay more of the closing costs, or repair and renovate certain parts of the home that the buyer is suspicious of. Lastly, the transaction may not follow through due to contingencies that have been put in place. A common contingency is for the transaction to take place after the successful sale of the buyer's home, which could get delayed. In this situation the party that is causing the delay could offer extra help such as covering for a hotel room for the number of days delayed. There remains the option also to negotiate a lower price, closing costs and other offers and counteroffers . Some buyers may add a structural inspection contingency which takes a lot longer than the typical home inspection. In this case the seller can buy property insurance to cover repair costs after the sale in order to satify the buyer's concerns.

When certain hurdles come up, all is not lost there are many things you can do to save the transaction. Moreover, if you are working with an experienced agent they will be able to best advise you about what actions need to be taken to keep the pending trnasaction rolling. An expereinced agent has worked with similar properties and know what the markets can bear.