Estimated cost of a dead deal
$43,900
on a typical $625,000 home with a mortgage · $36,800 if it's paid off
Plus about $3,300 on average in repairs or credits to the buyer — about $47,200 all in (how we got that)
- Contracts that fell apart
- 16%about 1 in 6 · 96 of 606
- Extra days on the market
- 70120 vs. 50 on the first contract
- Lower sale price
- 5.4%90.3% vs. 95.7% of first asking
- Never sold at all
- 25%of the homes whose deal died
When a deal dies in ZIP 28465, it costs the seller about $43,900
96 of about 606 contracts for resale homes in ZIP 28465 fell apart over the last 12 months — about 1 in 6. The ones that sold later took 70 more days and sold for 5.4% less (measured against their first asking price) than homes that closed on the first contract. And 25% of the homes whose deal died never sold at all.
- Holding costs run about $145 a day on a typical $625,000 home — 70 extra days is about $10,120.
- The price scar alone is about $33,800 on a $625,000 home.
- Where the MLS kept the date, the contract lasted a median of 22 days before it fell apart.
- 32% came back on the market at a lower price (a median 6.4% 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.
$47,200
70 extra days at about $145 a day = $10,123 in holding costs, plus $33,750 from a 5.4% 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 45% — after 120 days in all, for 90.3% of the first price
- Still trying 41% — back on the market or under contract again
- Never sold 15% — expired, canceled or withdrawn
Homes that sold on their first contract took 50 days and sold for 95.7% of their first price. 32% 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 23
- Week 36
- Week 46
- Week 51
- Week 61
- Week 72
- Week 80
- Later4
Based on the 25 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 | 145 | 11% | — | — | — |
| 10–19 yrs | 53 | 15% | — | — | — |
| 20–29 yrs | 116 | 18% | — | — | — |
| 30–49 yrs | 188 | 18% | — | — | — |
| 50+ yrs | 104 | 16% | — | — | — |
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 | 147 | 19% | 82 | 5.5% | $36,200 |
| No crawl space | 440 | 15% | 52 | 3.8% | $34,900 |
By first asking price
| Contracts | Fell apart | Extra days | Price scar | Est. cost | |
|---|---|---|---|---|---|
| Under $300K | 11 | — | — | — | — |
| $300–400K | 37 | 16% | — | — | — |
| $400–500K | 98 | 13% | — | — | — |
| $500–750K | 218 | 14% | — | — | — |
| $750K–1M | 116 | 14% | — | — | — |
| $1M+ | 126 | 23% | — | — | — |
Homes behind the numbers
Back on the market
Their contract fell apart; they're for sale again.
- 228 NE 38th Street, Oak IslandBack on the market · $805,000 · fell apart Oct 16, 2026
- 334 NE 59th Street, Oak IslandBack on the market · $665,000 · fell apart Oct 7, 2026
- 204 NE 60th Street, Oak IslandBack on the market · $754,900 · fell apart Oct 1, 2026
- 108 Caswell Beach Road, Oak IslandBack on the market · $1,495,000 · fell apart Oct 1, 2026
- 104 SW 30th Street, Oak IslandBack on the market · $715,000 · fell apart Oct 1, 2026
- 1622 E Beach Drive, Oak IslandBack on the market · $999,999 · fell apart Oct 1, 2026
- 105 NW 29th Street, Oak IslandBack on the market · $639,900 · fell apart Sep 25, 2026
- 31 Augusta Drive, Oak IslandBack on the market · $799,000 · fell apart Sep 15, 2026
- 214 NE 64th Street, Oak IslandBack on the market · $439,000 · fell apart Sep 14, 2026
- 105 SE 17th Street, Oak IslandBack on the market · $630,499 · fell apart Sep 2, 2026
- 515 W Beach Drive, Oak IslandBack on the market · $1,179,900 · fell apart Sep 2, 2026
- 308 E Beach Drive, Oak IslandBack on the market · $1,375,000 · fell apart Aug 28, 2026
- 5400 E Yacht Drive A2, Oak IslandBack on the market · $409,000 · fell apart Aug 3, 2026
- 2617 E Beach Drive, Oak IslandBack on the market · $2,290,000 · fell apart Jul 31, 2026
- 133 SE 48th Street, Oak IslandBack on the market · $850,000 · fell apart Jul 27, 2026
- 504 Periwinkle Way, Caswell BeachBack on the market · $660,000 · fell apart Jul 25, 2026
- 1506 E Oak Island Drive, Oak IslandBack on the market · $650,000 · fell apart Jul 24, 2026
- 6602 W Beach Drive, Oak IslandBack on the market · $1,100,000 · fell apart Jul 1, 2026
- 104 NE 8th Street, Oak IslandBack on the market · $610,000 · fell apart Jun 22, 2026
- 121 SE 67th Street, Oak IslandBack on the market · $2,990,000 · fell apart Jun 18, 2026
- 103 SE 74th Street, Oak IslandBack on the market · $975,000 · fell apart Jun 9, 2026
- 2911 E Pelican Drive, Oak IslandBack on the market · $1,090,000 · fell apart Apr 1, 2026
- 1803 W Yacht Drive, Oak IslandBack on the market · $679,000 · fell apart Feb 15, 2026
Under contract again
Second try under way.
- 119 NE 27th Street, Oak IslandUnder contract again · $615,000 · fell apart Sep 29, 2026
- 314 NE 61st Street, Oak IslandUnder contract again · $939,000 · fell apart Sep 25, 2026
- 110 NE 72nd Street, Oak IslandUnder contract again · $355,000 · fell apart Sep 18, 2026
- 805 E Yacht Drive, Oak IslandUnder contract again · $818,000 · fell apart Sep 16, 2026
Sold after a deal fell apart
It closed — on a later contract.
- 217 NE 61st Street, Oak IslandSold · $515,000 · fell apart Sep 9, 2026
- 116 SE 55th Street, Oak IslandSold · $700,000 · fell apart Aug 11, 2026
- 1918 E Beach Drive, Oak IslandSold · $710,000 · fell apart Aug 10, 2026
- 2304 E Oak Island Drive, Oak IslandSold · $330,000 · fell apart Aug 8, 2026
- 137 NE 31st Street, Oak IslandSold · $500,000 · fell apart Aug 6, 2026
- 602 Mimosa Place, Oak IslandSold · $1,375,000 · fell apart Jul 23, 2026
- 107 NW 16th Street, Oak IslandSold · $450,000 · fell apart Jul 19, 2026
- 2605 E Beach Drive, Oak IslandSold · $2,915,000 · fell apart Jul 16, 2026
- 6008 W Beach Drive, Oak IslandSold · $2,390,000 · fell apart Jul 11, 2026
- 3003 W Oak Island Drive, Oak IslandSold · $625,000 · fell apart Jul 8, 2026
- 424 Keziah Street, Oak IslandSold · $575,000 · fell apart May 13, 2026
- 105 SE 30th Street, Oak IslandSold · $432,000 · fell apart May 6, 2026
- 4107 E Oak Island Drive, Oak IslandSold · $425,000 · fell apart Apr 25, 2026
- 113 NE 54th Street, Oak IslandSold · $685,000 · fell apart Apr 23, 2026
- 2003 W Pelican Drive, Oak IslandSold · $1,180,000 · fell apart Apr 6, 2026
- 220 NE 68th Street, Oak IslandSold · $255,000 · fell apart Apr 3, 2026
- 233 NE 75th Street, Oak IslandSold · $375,000 · fell apart Mar 31, 2026
- 3208 E Pelican Drive, Oak IslandSold · $880,000 · fell apart Mar 30, 2026
- 7403 E Beach Drive, Oak IslandSold · $1,600,000 · fell apart Mar 28, 2026
- 104 NE 34th Street, Oak IslandSold · $462,500 · fell apart Mar 26, 2026
- 1919 E Beach Drive, Oak IslandSold · $1,100,000 · fell apart Mar 25, 2026
- 3325 W Beach Drive, Oak IslandSold · $980,000 · fell apart Mar 19, 2026
- 148 NW 3rd Street Units A & B, Oak IslandSold · $445,000 · fell apart Mar 16, 2026
- 316 Crowell Street, Oak IslandSold · $550,000 · fell apart Mar 12, 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 28465?
96 of about 606 contracts for resale homes in ZIP 28465 fell apart over the last 12 months — about 1 in 6.
What does a failed contract cost a seller in ZIP 28465?
About $43,900 on a typical $625,000 home — 70 extra days of holding costs (about $145 a day with a mortgage) plus a 5.4% lower sale price. With no mortgage it's about $36,800. 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 October 19, 2026.