Hurray! In contract! Oh wait...what?...Relisted?

I think it's been fairly common for awhile now, avenueb.

Buyers can't line up financing at the price they've bid to put the property under contract, so the deal falls apart.

i've noticed increasingly that properties are not listed as being in contract. they just become unavailable, and then they may or may not sell. making it much more difficult to tell if the apartment was delisted, or had a contract that didn't result in a sale. unless, of course, subsequently a recorded sale appears.

Interesting, AR.

either board turndown or buyer couldnt secure financing...I noticed too that listings become UNAVAILABLE here prior to showing up in sales. Its likely a reaction from streeteasy system to a change in status internally by the listing agent

If an apt goes into 'contract'.....they not only have to come up with the 10% deposit and sign contracts BUT also have to show some sort of preapproval letter from a bank ,etc for the mortgage, correct? Wondering what percentage then dont end up getting mortgage and deal falls thru(and why would this happen if bank preapproved) and then wonder what % gets turned down by board?