A couple of weeks ago, I had an adorable listing fly off the shelf.  After the first Open House, we had two offers - both of them excellent.  One had a lenders letter from a financial institution that gives me the hives.  The other was from a local mortgage broker who has been doing a fabulous job for years.  Other than that, they were pretty identical.  The sellers took the second offer.

Then, on Tuesday morning I got that call from the really great lender that you never want to get.  There was a last minute glitch with the financing - a huge item that showed up on the buyer's credit and couldn't be resolved. Oh, and this was after it went to underwriting.

Rats!

I immediately pulled out the file and made a phone call to the agent whose buyers lost out the first time.  By accident, I got his buyer, who when I introduced myself, got really, really happy.  When he explained that I called the wrong number but that I had made his day!  We both laughed and then I called his agent and made his day, too!

So the old offer is released and the new offer is being initialed as I write this.  We settle about 11 days later - all made possible because  this time the new buyers are using the old buyers' lender.

We were lucky.  Really lucky.

I might have made the day for the buyers and their agents, but I gotta say, they made the day for me, and especially for my sellers!

 
Post is included in group: Diary of a Realtor
Post is included in group: Realtors®

29 Comments on The Kick Out And The Kick In!

OCT
22
185,949 Points 19 Featured Posts Localism Sponsor Outside Blog

Hi Pat...That gave you the opportunity to do your stuff.  Quick thinking paid off for all of you.

Kate

9:51pm • #1
111,461 Points 18 Featured Posts Outside Blog

Goodness talk about luck...yours was working overtime on this one. Congrats for keeping it going.

9:58pm • #2
217,806 Points 19 Featured Posts Outside Blog Hit Router

Hey Pat,

Sometimes the good guys win one too. Congrats!

Rich

9:59pm • #3
191,531 Points 8 Featured Posts Localism Sponsor Outside Blog

Way to go Pat! And how funny is that about calling the wrong number... pretty good stuff! Good luck with this.

10:00pm • #4
486,508 Points 1 Featured Post Outside Blog Hit Router

Pat

I had that happen a bit ago; it's amazing the adrenaline we get when we kick it in high gear .

10:05pm • #5
128,484 Points 1 Featured Post Outside Blog

Wow!  How lucky is that?  It was just meant to be.  Congratulations to you all!

Sincerely,

Kathleen

10:51pm • #6
387,182 Points 23 Featured Posts Outside Blog

Patricia,

I am glad for you, and that it had a quick resolution. Sometimes things work, don't they. Would have been great if it was more often than not, but you can't make us always happy anyway

11:52pm • #7
OCT
23
1 Featured Post Outside Blog

I'm thinking luck had nothing to do with the fact that the new buyer is using the old lender.

Way to think.

5:08am • #8
1 Featured Post Outside Blog

Wow, Pat...don't you just love it when everything falls into place like this? What an awesome story...congratulations!!! :)

Leilani

5:14am • #9
458,421 Points 28 Featured Posts Localism Sponsor Outside Blog

Pat, Perhaps it was no "accident" you got the buyer himself!   I can imagine how thrilled everyone was that day.  Congratulations on a wonderful job :)

5:28am • #10

Congratualations Pat for a job well done.  That was great that they had not decided on another house yet.

5:33am • #11
380,044 Points 14 Featured Posts Localism Sponsor Outside Blog

Pat,

It  is good to see that the new buyers had not moved on and found another home and that they were willing to change lenders.  Congratulations

6:18am • #12
397,626 Points 1 Featured Post Localism Sponsor Outside Blog

It is so nice when a bad situation turns out so well. Congratulation.

8:44am • #13

Patricia - Don't you just love when a plan comes together. If you are on a "HOT STREAK" keep working every lead and phone call you get. It sounds as if you have some more majic left right now

9:10am • #14
400,243 Points 9 Featured Posts Localism Sponsor Outside Blog

Pat:  In this market, you never know what is going to happen.  Glad this one worked out for you.  Having buyers waiting in the wings is a must these days.

10:19am • #15
228,188 Points 5 Featured Posts Localism Sponsor Outside Blog Hit Router

at --- am so pleased that the first buyers were still there --- as I was reading, I was wondering about that and thank goodness, they were still there.Good for you.



                                                                               Mama  Liz

11:00am • #16
101,527 Points Localism Sponsor Outside Blog

Pat, Your sellers are lucky to have a realtor that really stays on top of the deal.  If not, the other offer wouldn't have been able to step in so quickly.  Great job.

11:26am • #17

Way to go Patricia!  Congratulations and good for you on your quick thinking.  Love it when it works out that way.

11:50am • #18
583,764 Points 18 Featured Posts Outside Blog

Pat,

That is in the category of a major bummer. I bet the seller's felt worse.

2:34pm • #19
657,832 Points 108 Featured Posts Localism Sponsor Outside Blog

Pat - I love it when stuff like this happens!  Kudos for getting a deal back on track.

6:01pm • #20
OCT
24
371,833 Points 34 Featured Posts Outside Blog

Hi Pat... You have some incredible real estate karma going for you!

12:11pm • #21
2 Featured Posts Localism Sponsor

What a wonderful story, Pat! Sharing the good news helps all of us. Thanks! Here's hoping that your winning streak is a long one!

4:00pm • #22
305,475 Points 3 Featured Posts Localism Sponsor Outside Blog

That was really lucky the 2nd buyers were still available.  Good job!

5:25pm • #23
317,775 Points 11 Featured Posts Localism Sponsor Outside Blog Hit Router

Whew!  That is so awesome that you were able to pull it together with the "first buyer"!  Congrats to both you AND your sellers!

6:34pm • #24
OCT
25
479,327 Points 50 Featured Posts Outside Blog

Everybody wins when a house sells. Really. I used to think it's about me AGAINST you. How wrong was that mentality.

12:15am • #25
354,338 Points 11 Featured Posts Localism Sponsor Outside Blog

I love happy endings and looks as if you had a jolly one.

8:48pm • #26
OCT
26
128,000 Points 5 Featured Posts Outside Blog

Sounds like ... you win lose a few, lose win a few. 

1:21am • #27
280,316 Points 42 Featured Posts Localism Sponsor Outside Blog

I just love happy endings!

6:17am • #29
OCT
27
4 Featured Posts

Patricia, I could not agree more.  may I say that on the mortgage brokers side, I can certainly identify.  I am glad that it all worked out.  :-)

6:34pm • #30

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Patricia Kennedy

Washington, DC

More about me…

Evers & Company Realtors

Address: 4400 Jenifer Street NW, Washington, DC 20015

Office Phone: (202) 364-1700

Cell Phone: (202) 549-5167

Email Me

Pat Kennedy -- author of The Irreverent Guide to Real Estate -- gives you a look at life on the streets as a real estate broker in our nation's capital. And her blog is peppered with great advice combined with humor!


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