Estimated cost of a dead deal
$23,400
on a typical $367,050 home with a mortgage · $19,400 if it's paid off
Plus about $3,300 on average in repairs or credits to the buyer — about $26,700 all in (how we got that)
- Contracts that fell apart
- 24%about 1 in 4 · 97 of 402
- Extra days on the market
- 6996 vs. 27 on the first contract
- Lower sale price
- 4.7%92.0% vs. 96.7% of first asking
- Never sold at all
- 35%of the homes whose deal died
When a deal dies in ZIP 28401, it costs the seller about $23,400
97 of about 402 contracts for resale homes in ZIP 28401 fell apart over the last 12 months — about 1 in 4. The ones that sold later took 69 more days and sold for 4.7% less (measured against their first asking price) than homes that closed on the first contract. And 35% of the homes whose deal died never sold at all.
- Holding costs run about $90 a day on a typical $367,050 home — 69 extra days is about $6,180.
- The price scar alone is about $17,300 on a $367,050 home.
- Where the MLS kept the date, the contract lasted a median of 22 days before it fell apart.
- 44% came back on the market at a lower price (a median 7.5% below the first price).
- Most resale deals die over the home inspection, the appraisal or the buyer's loan. A pre-market inspection finds the big items before a buyer does.
- Even when a deal survives, repairs found during due diligence cost more: they're done on the buyer's deadline, often by the buyer's choice of contractors, or traded for a credit the buyer never spends on repairs. None of that shows up in the MLS, so it isn't in the dollar figure above.
What would it cost you?
Put in your own numbers. Leave the loan at 0 if your home is paid off.
$26,700
69 extra days at about $90 a day = $6,178 in holding costs, plus $17,251 from a 4.7% lower price, plus $3,300 in repairs or credits.
An estimate, not a quote. Uses this area's extra days and price scar; interest only on the mortgage; taxes scaled from the area's median bill; insurance $250/month, upkeep 1% of value a year, utilities $250/month.
The hidden cost: repairs on the buyer's clock
Even when a deal holds together, the buyer's inspection usually costs the seller money. The MLS doesn't record it, so it isn't in our local numbers — but national surveys show how common and how big it is:
- 86% of inspections find something to fix, and 46% of buyers used the report to negotiate the price down (Porch survey of 998 buyers).
- When sellers give one, the median is $7,200 (Clever Real Estate seller survey).
- Sellers gave concessions in about 46% of U.S. home sales this spring — repairs, closing costs and rate buydowns, a record for the season (Redfin).
Averaged across all sellers, that's about $3,300 — roughly half give a concession, and the median is $7,200 when they do. Some sellers pay nothing; a home that needs real work can pay far more. We add the $3,300 average to the dead-deal cost as a separate line rather than assume the worst.
And the money goes further against you once you're under contract:
- You're on their deadline. Repairs have to be done before closing, so there's no time to shop around or wait for a better price.
- You use their people. Buyers often want their own plumbers, electricians and contractors — at their price, for work you might have done yourself or had your own handyman do for less.
- Credits instead of repairs. Many buyers ask for money off the price or toward closing costs and never make the repairs. The inspection becomes leverage against you.
Inspect before you list, and you handle the big items your way — on your schedule, with your own people, at your price — or disclose them up front so there's nothing left to negotiate.
The $3,300 is an estimate that combines two national sources (Redfin's share of sales with a concession and Clever Real Estate's median concession); it isn't measured locally. No study we found measures how much more the same repair costs under contract than before listing, so we don't put a number on that part.
Take the surprise off the table
Most resale deals die over the inspection, the appraisal or the loan. A pre-market inspection finds the big items before a buyer does — so there's nothing left to renegotiate or walk away over. It's part of our home selling system.
What happened next
- Sold later 44% — after 96 days in all, for 92.0% of the first price
- Still trying 32% — back on the market or under contract again
- Never sold 24% — expired, canceled or withdrawn
Homes that sold on their first contract took 27 days and sold for 96.7% of their first price. 44% of the homes that came back on the market cut their price.
When deals fall apart
Weeks after the home went under contract. Most die in the first few weeks — the inspection and due diligence window — and the rest over the appraisal, the loan or the closing.
- Week 12
- Week 24
- Week 38
- Week 45
- Week 50
- Week 62
- Week 71
- Week 80
- Later10
Based on the 32 deals where the MLS kept the contract date (median: 22 days).
By age of the home
Older homes give inspectors more to find.
| Contracts | Fell apart | Extra days | Price scar | Est. cost | |
|---|---|---|---|---|---|
| Under 10 yrs | 74 | 19% | — | — | — |
| 10–19 yrs | 11 | — | — | — | — |
| 20–29 yrs | 47 | 23% | — | — | — |
| 30–49 yrs | 26 | — | — | — | — |
| 50+ yrs | 244 | 27% | 79 | 6.4% | $29,200 |
Crawl space vs. no crawl space
Moisture, wood rot and insect damage under the house are common inspection findings on the coast.
| Contracts | Fell apart | Extra days | Price scar | Est. cost | |
|---|---|---|---|---|---|
| Crawl space | 237 | 24% | 76 | 2.9% | $16,500 |
| No crawl space | 132 | 25% | — | — | — |
By first asking price
| Contracts | Fell apart | Extra days | Price scar | Est. cost | |
|---|---|---|---|---|---|
| Under $300K | 87 | 26% | — | — | — |
| $300–400K | 156 | 24% | 94 | 7.4% | $32,800 |
| $400–500K | 73 | 25% | — | — | — |
| $500–750K | 58 | 17% | — | — | — |
| $750K–1M | 13 | — | — | — | — |
| $1M+ | 15 | — | — | — | — |
Homes behind the numbers
Back on the market
Their contract fell apart; they're for sale again.
- 118 Jamaica Drive, WilmingtonBack on the market · $364,400 · fell apart Nov 1, 2026
- 1312 Dock Street, WilmingtonBack on the market · $284,900 · fell apart Oct 31, 2026
- 240 N Water Street Apt 556, WilmingtonBack on the market · $649,000 · fell apart Oct 30, 2026
- 312 S 14th Street, WilmingtonBack on the market · $399,900 · fell apart Oct 30, 2026
- 321 S 7th Street, WilmingtonBack on the market · $319,000 · fell apart Oct 25, 2026
- 714 Brooks Alley, WilmingtonBack on the market · $325,000 · fell apart Oct 20, 2026
- 623 S 6th Street, WilmingtonBack on the market · $369,000 · fell apart Oct 13, 2026
- 322 S 5th Avenue, WilmingtonBack on the market · $1,139,000 · fell apart Oct 12, 2026
- 2128 Yaupon Drive, WilmingtonBack on the market · $475,000 · fell apart Oct 8, 2026
- 107 Long Leaf Drive, WilmingtonBack on the market · $245,000 · fell apart Oct 7, 2026
- 709 N 4th Street Ste 302, WilmingtonBack on the market · $439,000 · fell apart Oct 2, 2026
- 442 Cape Fear Boulevard, WilmingtonBack on the market · $255,000 · fell apart Oct 1, 2026
- 2213 Washington Street, WilmingtonBack on the market · $289,000 · fell apart Oct 1, 2026
- 903 Walnut Street, WilmingtonBack on the market · $409,000 · fell apart Oct 1, 2026
- 905 Walnut Street, WilmingtonBack on the market · $409,000 · fell apart Oct 1, 2026
- 1202 Chestnut Street, WilmingtonBack on the market · $1,450,000 · fell apart Sep 30, 2026
- 804 S 6th Street, WilmingtonBack on the market · $230,000 · fell apart Sep 28, 2026
- 1305 Wellington Avenue, WilmingtonBack on the market · $159,999 · fell apart Sep 20, 2026
- 441 Tributary Circle 67, WilmingtonBack on the market · $354,900 · fell apart Sep 14, 2026
- 102 S 2nd Street Unit 210, WilmingtonBack on the market · $325,000 · fell apart Aug 28, 2026
- 106 N Water Street 702, WilmingtonBack on the market · $375,000 · fell apart Dec 4, 2025
Under contract again
Second try under way.
- 811 Van Ambridge Alley, WilmingtonUnder contract again · $150,000 · fell apart Oct 20, 2026
- 2350 Adams Street, WilmingtonUnder contract again · $305,000 · fell apart Oct 10, 2026
Sold after a deal fell apart
It closed — on a later contract.
- 314 Bland Street, WilmingtonSold · $135,000 · fell apart Aug 26, 2026
- 1501 Parmele Drive, WilmingtonSold · $243,500 · fell apart Aug 17, 2026
- 108 N 8th Street, WilmingtonSold · $465,000 · fell apart Aug 10, 2026
- 610 Ivey Circle, WilmingtonSold · $210,000 · fell apart Aug 10, 2026
- 817 S 11th Street, WilmingtonSold · $285,000 · fell apart Jul 1, 2026
- 129 Glendale Drive, WilmingtonSold · $295,000 · fell apart Jun 23, 2026
- 505 S 5th Avenue, WilmingtonSold · $630,000 · fell apart Jun 11, 2026
- 240 N Water Street Apt 854, WilmingtonSold · $677,500 · fell apart Jun 3, 2026
- 509 Walnut Street, WilmingtonSold · $295,000 · fell apart May 23, 2026
- 21 N Front Street Unit 2a1, WilmingtonSold · $215,000 · fell apart May 15, 2026
- 240 N Water Street 1154, WilmingtonSold · $790,000 · fell apart May 14, 2026
- 721 Campbell Street, WilmingtonSold · $292,500 · fell apart May 11, 2026
- 20 S Front Street Unit R1, WilmingtonSold · $400,000 · fell apart May 1, 2026
- 525 S Front Street, WilmingtonSold · $475,000 · fell apart Apr 30, 2026
- 2240 W Lake Shore Drive, WilmingtonSold · $290,000 · fell apart Apr 22, 2026
- 2029 Adams Street, WilmingtonSold · $530,000 · fell apart Apr 22, 2026
- 419 S Front Street, WilmingtonSold · $748,000 · fell apart Apr 6, 2026
- 2214 Jefferson Street, WilmingtonSold · $320,000 · fell apart Apr 1, 2026
- 910 Walnut Street, WilmingtonSold · $306,500 · fell apart Mar 31, 2026
- 216 Tributary Circle, WilmingtonSold · $395,000 · fell apart Mar 30, 2026
- 2038 Washington Street, WilmingtonSold · $290,000 · fell apart Mar 27, 2026
- 221 S 11th Street, WilmingtonSold · $140,000 · fell apart Mar 23, 2026
- 129 S 8th Street, WilmingtonSold · $390,000 · fell apart Mar 20, 2026
- 317 S 15th Street, WilmingtonSold · $280,000 · fell apart Mar 19, 2026
Most recent first. Homes that were withdrawn, expired or canceled are counted in the numbers but not listed here.
Questions sellers ask
How often do home sale contracts fall apart in ZIP 28401?
97 of about 402 contracts for resale homes in ZIP 28401 fell apart over the last 12 months — about 1 in 4.
What does a failed contract cost a seller in ZIP 28401?
About $23,400 on a typical $367,050 home — 69 extra days of holding costs (about $90 a day with a mortgage) plus a 4.7% lower sale price. With no mortgage it's about $19,400. That's before any repairs or credits negotiated along the way.
Why do home sale contracts fall apart?
The MLS doesn't record the reason. In our experience the most common are home inspection findings (roof, HVAC, moisture and crawl space, wood-destroying insects, electrical and plumbing), appraisals below the price, and buyer financing. In North Carolina a buyer can walk away for any reason during the due diligence period.
Why do repairs during a contract cost sellers more?
Once you're under contract, repairs run on the buyer's clock. You often end up paying the plumbers, electricians and contractors the buyer prefers, at their price and their schedule, for work you might have done yourself or had your own handyman do for less. Many buyers ask for a credit off the price or toward closing costs instead, then never make the repairs — so the inspection gets used as leverage against the seller. Nationally, 86% of inspections find something to fix and 46% of buyers use the report to negotiate the price down (Porch survey of 998 buyers), sellers gave concessions in about 46% of U.S. home sales in spring 2026 (Redfin), and the median is $7,200 when they do (Clever Real Estate seller survey). Averaged across all sellers that's about $3,300 — some pay nothing, and a home that needs real work can pay far more.
How can a seller keep a deal from falling apart?
Have the home inspected before it goes on the market, then fix or disclose the big items up front. Buyers can't use a surprise to renegotiate or walk away when there's no surprise left. A pre-market inspection is part of the Buddy Blake Team's home selling system.
Resale homes only — new construction and land are left out. A deal "fell apart" when a home went under contract and then came back on the market, or was canceled, withdrawn or expired after a contract was written, however long the contract lasted. Extra days and the price scar compare homes that sold after a deal fell apart with homes that sold on their first contract in the same area. The MLS doesn't record why a contract ended. Source: Hive MLS data compiled by the Buddy Blake Team, updated November 2, 2026.