🏠 Preventing Canceled Contracts: Why Pre-Inspections Are the Answer

One of the most stressful outcomes for a seller is when a deal falls through right before closing. According to recent data from Redfin, these cases are becoming more common—but with the right preparation, they can often be avoided.

In June alone, about 15% of home sales were canceled after going under contract. That’s higher than the pre-pandemic average of roughly 12% between 2017 and 2019. For sellers, this is not a risk you can afford to ignore.

🚨 The Leading Cause: Inspection Issues

Studies from John Burns Research & Consulting and Keeping Current Matters show that inspection results are now the top reason for canceled contracts.

With high prices and mortgage rates stretching buyer budgets, any unexpected repair issues can be deal-breakers. And with more homes on the market, buyers have more options—if one inspection uncovers problems, many simply walk away rather than renegotiate.

✅ The Solution: Pre-Listing Inspections

A pre-inspection means hiring a professional to evaluate your home before putting it on the market. Benefits include:

• Addressing repairs upfront, reducing buyer anxiety.

• Avoiding last-minute renegotiations or price cuts.

• Demonstrating that the seller is proactive and trustworthy, helping the sale move faster.

  
  

Experts emphasize that a small upfront cost for a pre-inspection can save thousands of dollars and weeks of stress later.

🔍 Is It Always Necessary?

Not every seller needs a pre-inspection. The decision depends on the home’s condition, the market, and your goals. An experienced agent can help you decide what to fix, what to disclose, and how to prioritize repairs for the best outcome.

📝 Conclusion

Selling a home successfully requires preparation. A pre-listing inspection is one of the best ways to minimize surprises and keep deals from collapsing at the last minute. Taking this proactive step can give both you and the buyer confidence, leading to a smoother, more stable closing.

📍 Chicago Realty – Hans Chul📱 773-717-2227📧 ChicagoBDB@gmail.com