Any number of issues can kill a deal between buyer and seller. Besides the property condition and failed negotiations between the agents, financing plays a big role. Until the borrower gets the “Clear to Close” letter from underwriting you really don’t know if they have the financing. Most buyers get Pre-Approval or Pre-Qualification letters for their journey of buying a house with their Realtors. We at Avalon Financial only provide Pre-Approval letters to our borrowers.