Special offer

Expiration date...on the seller?

By
Real Estate Agent with Lake and Lodge Realty LLC

When offering on a home our purchase agreements have all sorts of things covered including expiration of offers and such. We offered, they countered, we accepted counter and proceeded towards close. One thing I didn't see coming was the expiration of the seller. Two days before our closing the seller passed away. Didn't see that coming. I was a little ashamed that my first thought was my buyer's inconvenience. I think we tend to be so focused on what fires to put out to get to a closing we lose sight of the players. RIP seller, although I never met you, I wish you peace. Now I will be learning the probate process as I continue to focus on my buyer but will definitely always remember this one. Best of luck in all you do and thanks for reading.

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Randy Ostrander
Lake and Lodge Realty
107 N. Michigan Suite B
Big Rapids, MI 49307
(231) 796-5253
randyooo@yahoo.com

 

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Comments(2)

Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Yes, that's sad Randy. And so far, I have never come across this situation.

Oct 17, 2010 03:03 AM
Laura Giannotta
Keller Williams Realty - Atlantic Shore - Little Egg Harbor, NJ
Your Realtor Down the Shore!

I came across a similar thing...unfortunately it was in my own family.  A little more paper work, but the deal closed!

Oct 18, 2010 11:45 PM