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How Home Buyers can Help Prevent Closing Delays

It takes about six weeks to close on a home in most areas of the country. Much of the reason is beyond a home buyer’s control; complex regulations, appraisal backlogs, and last-minute snags. Yet the most common reason for closing delays rests squarely on the home buyer.

National real estate statistics show that problems with home buyer financing account for 38% of all closing delays. This same problem accounts for 21% of all failed closings!