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