Estimated cost of a dead deal
$28,200
on a typical $322,000 home with a mortgage · $18,100 if it's paid off
- Contracts that fell apart
- 24% about 1 in 4 · 10 of 42
- Extra days on the market
- 197 238 vs. 41 on the first contract
- Lower sale price
- 3.1 pts 93.3% vs. 96.4% of first asking
- Never sold at all
- 0% of the homes whose deal died
When a deal dies in South Harbour Village (Southport), it costs the seller about $28,200
10 of about 42 contracts for resale homes in South Harbour Village (Southport) fell apart over the last 12 months — about 1 in 4. The ones that sold later took 197 more days and sold for 3.1 points less of their first asking price than homes that closed on the first contract. And 0% of the homes whose deal died never sold at all.
- Holding costs run about $93 a day on a typical $322,000 home — 197 extra days is about $18,260.
- The price scar alone is about $10,000 on a $322,000 home.
- 30% came back on the market at a lower price (a median 4.1% 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.
$28,200
197 extra days at about $93 a day = $18,264 in holding costs, plus $9,982 from a 3.1-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, HOA $315/month (area median).
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 70% — after 238 days in all, for 93.3% of the first price
- Still trying 30% — back on the market or under contract again
- Never sold 0% — expired, canceled or withdrawn
Homes that sold on their first contract took 41 days and sold for 96.4% of their first price. 30% of the homes that came back on the market cut their price.
By first asking price
| Contracts | Fell apart | Extra days | Price scar | Est. cost | |
|---|---|---|---|---|---|
| Under $300K | 15 | 27% | — | — | — |
| $300–400K | 22 | 27% | 165 | 5.4 pts | $34,000 |
Homes behind the numbers
Back on the market
Their contract fell apart; they're for sale again.
- 5052 Wyncie Wynd, SouthportBack on the market · $279,000 · fell apart Sep 28, 2026
- 4134 Vanessa Drive SE Unit 7, SouthportBack on the market · $279,900 · fell apart Apr 19, 2026
Under contract again
Second try under way.
- 5219 Minnesota Drive SE, SouthportUnder contract again · $365,000 · fell apart Aug 26, 2026
Sold after a deal fell apart
It closed — on a later contract.
- 5187 Minnesota Drive SE, SouthportSold · $337,500 · fell apart Jun 24, 2026
- 5228 Minnesota Drive SE, SouthportSold · $330,000 · fell apart May 14, 2026
- 5158 Elton Drive SE, SouthportSold · $335,000 · fell apart Apr 8, 2026
- 5042 Wyncie Wynd, SouthportSold · $249,000 · fell apart Jan 23, 2026
- 5154 Elton Drive SE, SouthportSold · $345,000 · fell apart Nov 30, 2025
- 5001 Oquinn Boulevard SE Ste F, SouthportSold · $300,000 · fell apart Oct 20, 2025
- 5085 Wyncie Wynd, SouthportSold · $273,500 · fell apart Oct 20, 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 South Harbour Village (Southport)?
10 of about 42 contracts for resale homes in South Harbour Village (Southport) fell apart over the last 12 months — about 1 in 4.
What does a failed contract cost a seller in South Harbour Village (Southport)?
About $28,200 on a typical $322,000 home — 197 extra days of holding costs (about $93 a day with a mortgage) plus a 3.1-point lower sale price. With no mortgage it's about $18,100.
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. The MLS doesn't record why a contract ended. Source: Hive MLS data compiled by the Buddy Blake Team, updated October 3, 2026.