Estimated cost of a dead deal
$21,700
on a typical $424,000 home with a mortgage · $17,200 if it's paid off
- Contracts that fell apart
- 14% about 1 in 7 · 13 of 93
- Extra days on the market
- 66 114 vs. 48 on the first contract
- Lower sale price
- 3.5 pts 91.9% vs. 95.4% of first asking
- Never sold at all
- 11% of the homes whose deal died
When a deal dies on a home listed $400K–$500K in Oak Island, it costs the seller about $21,700
13 of about 93 contracts for homes listed $400K–$500K in Oak Island fell apart over the last 12 months — about 1 in 7. The ones that sold later took 66 more days and sold for 3.5 points less of their first asking price than homes that closed on the first contract. And 11% of the homes whose deal died never sold at all.
- Holding costs run about $103 a day on a typical $424,000 home — 66 extra days is about $6,820.
- The price scar alone is about $14,800 on a $424,000 home.
- 8% came back on the market at a lower price (a median 6.0% 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.
What would it cost you?
Put in your own numbers. Leave the loan at 0 if your home is paid off.
$21,700
66 extra days at about $103 a day = $6,820 in holding costs, plus $14,840 from a 3.5-point lower price.
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.
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 62% — after 114 days in all, for 91.9% of the first price
- Still trying 31% — back on the market or under contract again
- Never sold 8% — expired, canceled or withdrawn
Homes that sold on their first contract took 48 days and sold for 95.4% of their first price. 8% of the homes that came back on the market cut their price.
By age of the home
Older homes give inspectors more to find.
| Contracts | Fell apart | Extra days | Price scar | Est. cost | |
|---|---|---|---|---|---|
| Under 10 yrs | 144 | 11% | 119 | 2.7 pts | $40,800 |
| 10–19 yrs | 52 | 15% | — | — | — |
| 20–29 yrs | 111 | 18% | 26 | 6.6 pts | $41,100 |
| 30–49 yrs | 173 | 18% | 78 | 5.7 pts | $44,900 |
| 50+ yrs | 102 | 17% | 52 | 0.3 pts | $7,700 |
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 | 136 | 19% | 84 | 5.5 pts | $36,300 |
| No crawl space | 427 | 15% | 42 | 2.4 pts | $23,900 |
Homes behind the numbers
Back on the market
Their contract fell apart; they're for sale again.
- 110 NE 72nd Street, Oak IslandBack on the market · $355,000 · fell apart Sep 18, 2026
- 214 NE 64th Street, Oak IslandBack on the market · $439,000 · fell apart Sep 14, 2026
- 5400 E Yacht Drive A2, Oak IslandBack on the market · $409,000 · fell apart Aug 3, 2026
Sold after a deal fell apart
It closed — on a later contract.
- 107 NW 16th Street, Oak IslandSold · $450,000 · fell apart Jul 19, 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
- 124 NW 8th Street, Oak IslandSold · $395,000 · fell apart Feb 20, 2026
- 412 Womble Street, Oak IslandSold · $429,000 · fell apart Dec 2, 2025
- 802 E Oak Island Drive, Oak IslandSold · $410,000 · fell apart Dec 1, 2025
- 115 NE 66th Street, Oak IslandSold · $445,000 · fell apart Nov 22, 2025
- 114 NE 50th Street, Oak IslandSold · $425,000 · fell apart Nov 8, 2025
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 Oak Island?
13 of about 93 contracts for homes listed $400K–$500K in Oak Island fell apart over the last 12 months — about 1 in 7.
What does a failed contract cost a seller in Oak Island?
About $21,700 on a typical $424,000 home — 66 extra days of holding costs (about $103 a day with a mortgage) plus a 3.5-point lower sale price. With no mortgage it's about $17,200.
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.
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 and slice. The MLS doesn't record why a contract ended. Source: Hive MLS data compiled by the Buddy Blake Team, updated October 3, 2026.