Estimated cost of a dead deal
—
on a typical $560,000 home with a mortgage · — if it's paid off
- Contracts that fell apart
- 14% about 1 in 7 · 10 of 73
- Extra days on the market
- — — vs. 38 on the first contract
- Lower sale price
- — — vs. 95.5% of first asking
- Never sold at all
- 33% of the homes whose deal died
14% of contracts for homes with no crawl space (slab, basement or pilings) in Tranquil Harbor (Oak Island) fell apart
10 of about 73 contracts for homes with no crawl space (slab, basement or pilings) in Tranquil Harbor (Oak Island) fell apart over the last 12 months — about 1 in 7. And 33% of the homes whose deal died never sold at all.
- 40% 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.
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 20% — after — days in all, for — of the first price
- Still trying 70% — back on the market or under contract again
- Never sold 10% — expired, canceled or withdrawn
Homes that sold on their first contract took 38 days and sold for 95.5% of their first price. 40% 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 | 29 | 10% | — | — | — |
| 10–19 yrs | 11 | 9% | — | — | — |
| 20–29 yrs | 30 | 10% | — | — | — |
| 30–49 yrs | 36 | 14% | — | — | — |
| 50+ yrs | 20 | 25% | — | — | — |
By first asking price
| Contracts | Fell apart | Extra days | Price scar | Est. cost | |
|---|---|---|---|---|---|
| $300–400K | 12 | 25% | — | — | — |
| $400–500K | 27 | 7% | — | — | — |
| $500–750K | 63 | 13% | — | — | — |
| $750K–1M | 15 | 20% | — | — | — |
Homes behind the numbers
Back on the market
Their contract fell apart; they're for sale again.
- 204 NE 60th Street, Oak IslandBack on the market · $774,900 · fell apart Oct 1, 2026
- 119 NE 27th Street, Oak IslandBack on the market · $615,000 · fell apart Sep 29, 2026
- 314 NE 61st Street, Oak IslandBack on the market · $939,000 · fell apart Sep 25, 2026
- 105 SE 17th Street, Oak IslandBack on the market · $649,999 · fell apart Sep 2, 2026
- 104 NE 8th Street, Oak IslandBack on the market · $625,000 · fell apart Jun 22, 2026
Under contract again
Second try under way.
- 217 NE 61st Street, Oak IslandUnder contract again · $539,900 · fell apart Sep 9, 2026
- 148 NW 3rd Street Units A & B, Oak IslandUnder contract again · $450,000 · fell apart Mar 16, 2026
Sold after a deal fell apart
It closed — on a later contract.
- 113 NE 54th Street, Oak IslandSold · $685,000 · fell apart Apr 23, 2026
- 115 NE 66th Street, Oak IslandSold · $445,000 · fell apart Nov 22, 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 Tranquil Harbor (Oak Island)?
10 of about 73 contracts for homes with no crawl space (slab, basement or pilings) in Tranquil Harbor (Oak Island) fell apart over the last 12 months — about 1 in 7.
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.