1-in-7 Deals Derailed: The Surprise Surge in Home-Purchase Cancellations—& How to Keep YOUR Contract Alive
Manage episode 486475470 series 3620270
Ready for a wild (and slightly alarming) ride through today’s housing market? In this 12-minute, fast-paced episode, Amit Bhuta digs into the jumpy world of home-purchase cancellations—now running at roughly 1 in every 7 contracts nationwide.
You’ll hear Amit’s take—complete with a few “uhs,” “ums,” and trademark Miami humor—on:
Why buyers are bolting: sticker-shock from stubbornly high prices, 7%+ mortgage rates, inspection drama, and a buffet of “uncertain-economy” jitters.
Florida’s front-row seat: Five of the ten U.S. metros with the highest cancellation rates are in the Sunshine State—meaning local sellers (and agents) need backup plans, stat.
Opportunity in the chaos: how savvy shoppers slip in as the next buyer when a deal collapses, and the scripts Amit uses to snag those backup offers.
Deal-saving hacks for sellers & agents: from pre-inspection fixes to creative rate-buy-downs that keep nervous buyers from ghosting at the altar.
Market crystal ball: why Redfin now predicts a 1 % national price dip by year-end—and what that could mean for Miami’s luxury scene.
Whether you’re a first-timer clutching your pre-approval, an investor hunting for bargains, or a seller praying your buyer doesn’t flake, this episode serves up the numbers, anecdotes, and real-world tactics you need—all in less time than your latte line.
Listen now—and turn those “uh-oh, they walked” moments into “heck yeah, we closed!”
Amit Bhuta
COMPASS
ALL IN Miami Group
Licensed Real Estate Agent
(305) 439-3031 Mobile
150 episodes