In today’s market, closing a real estate transaction isn’t always guaranteed—and understanding why deals fall apart can be just as important as pricing strategy or curb appeal.

Nationally, over 70% of canceled home contracts are due to inspection and repair issues. Financing delays, appraisal shortfalls, and the inability to sell a current home also play a role. But while these are national numbers, we see the same risks showing up here in Reno and Sparks, especially as buyers become more selective and timelines tighten.

In the Reno-Sparks market, here’s what’s really happening behind the scenes:

• Buyers are more cautious. With interest rates still elevated and affordability top of mind, buyers are walking away when inspection reports uncover problems—especially when sellers haven’t priced in the true condition of the home.

• Repairs are non-negotiable. Homes that require major fixes—or even moderate updates—are sitting longer or falling out of contract when buyers estimate higher costs than expected.

• Contingencies are back. Whether it's financing, appraisals, or home sale contingencies, we’re seeing more complexity return to contracts. Buyers are protecting themselves, and sellers need to be prepared.

The good news? Most of these deal-breakers are avoidable.

For sellers, a pre-listing strategy is key: inspections, disclosures, accurate pricing, and strategic repairs should happen before you ever hit the market. For buyers, having a team that knows what to look for—before the inspection—can protect your deposit and your timeline.

This isn’t a market for guesswork. It’s a market that rewards experience, preparation, and strong representation on both sides of the transaction.

The Kinney and Renwick Team has guided clients through hundreds of successful closings in Northern Nevada. If you’re looking to buy or sell in Reno or Sparks, let’s talk about how to keep your sale on track from contract to close—with fewer surprises and more confidence.

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Robin, Kevin & Sophie
Kinney and Renwick Team
License #'s: S067935 | BS0141620 | S197254
[email protected]
(775) 391-8402
kinneyandrenwickteam.com