Well it was a very interesting day. I was closing on a Detroit multi family home today. The closing was taking place in Northville. The seller and I got there about 5 minutes before the closing. Well the closing time came and no home buyer. We waited 10 minutes and then I called my home buyer. NO answer. I called again in five minutes. No answer. I called again no answer. Finally my investor called. It was like he wasn't worried about being there!
I just don't get it. Yesterday I sent him an email with all the necessary information.
- where the title company was located at
- when the closing was to take place
- title company phone number
- to bring his social security card and photo id
- how much the check was to be, and who to make it out to
- all the closing documents so the buyer could look over them
Then I called him and told him what he needed to know. I had called him on Monday to confirm the day and time of the closing. It's not like he didn't know when and where he was closing.
I simply told him that he would lose his earnest money deposit. I then told him the caretaker of the property was moving out today so the property would be empty. I also told him the seller was leaving for vacation tomorrow. (Which he was).
I think all of that sank in. That he was going to lose money and lose the home. He hadn't gone to the bank yet even. And he was over a half an hour a way.
He finally strolled in about an hour and twenty minutes late. He wanted to buy more properties but I won't be his Metro Detroit Real estate agent. If somebody doesn't understand or realize my time is valuable then I won't work with them. This guy had no regard for the title companies time, the seller's time, or my time. Sad...
I completely understand when the bank is jammed and it takes a while to get your check. I understand when buyers run into traffic. But I don't buy it when somebody doesn't take other peoples time seriously. But it is just a day in the life of a Metro Detroit real estate agent. At least this buyer showed up for the closing. I have heard stories from other agents where their buyers get cold feet and don't show up at all.
I guess I should be thankful for the buyer showing up. Other than sitting in a waiting room for a hour and a half today was great!
May your tomorrow have no surprises like this and may others respect your time this week.
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