The Top 5 Ways Real Estate Agents Lose Deals – And How to Prevent Them
In the fast-paced world of real estate, losing a deal can be frustrating and costly. As a Transaction Coordinator, I’ve seen firsthand the common pitfalls that cause deals to fall apart. The good news? Most of them are preventable! Here are the top five reasons agents lose deals—and how you can avoid them. 1. Poor Communication Why Deals Fall Apart: Lack of clear and timely communication between agents, clients, lenders, and other parties can lead to misunderstandings, missed deadlines, and frustration. How to Prevent It: Establish a streamlined communication process from the start. Utilize email chains to keep all parties informed, set expectations with clients early, and maintain regular check-ins throughout the transaction. A Transaction Coordinator can also help manage communication and ensure nothing slips through the cracks. 2. Missed Deadlines and Paperwork Errors Why Deals Fall Apart: Real estate transactions involve numerous deadlines for contingencies, inspections, lo...