How Do You Deal With Buyers Backing Out of Deals?

It’s official: Buyer cancellations are on the rise across the country, and real estate agents everywhere are starting to notice. According to Redfin, around 15% of deals that go to escrow don’t make it to closing, which is the highest cancellation rate since 2022. In a market where there are fewer transactions to go around, letting even a few deals slip out of your grasp can seriously hurt your bottom line. That’s why today, I’m going over three proven strategies to help you keep a deal from falling apart—taking control of the situation, reminding the parties why they want to move, and helping buyers understand this market window. To learn more tips, check out this short video.