A sad story about how I tried to pay it forward, but got fired for trying to protect my client!
I am a fierce protector of my clients and especially my first time home buyer clients. Most are young, innocent, and naïve with a lot to learn. Tim was referred to me by three different past clients—all first timers. They knew Tim would receive the same care and guidance they received. A triple referral---doesn’t get much better than this!
I pay it forward to all parents out there. I treat these ‘kids’ as if they are my own.
I set Tim up on an automated search matching his criteria and making sure to exclude any homes listed as active taking back up offers. His lender told me that he would have to do FHA financing, so I also excluded any properties that would not pass FHA guidelines. I do not want my clients to fall in love with a home they cannot have. I protect them against that among other things.
The first house Tim asked to go see was one he found on his own. It was not one I e-mailed to him. It was listed as ‘AB’ (active taking backups). It had actually pended several weeks before Tim had begun looking. I called the listing agent only to be told the inspection was already scheduled and all looked good. Went back to Tim with the bad news. In about a week, the home popped back up on the market as active. Tim saw it before I did and called me. I called the listing agent. Inspection went very badly and now home could only be sold to a cash buyer. Went back to Tim with the bad news.
We went out a few times and looked at about five homes each time. Nothing really clicked so we agreed to keep looking. Tim located another house this week. Upon looking it up in the MLS, it was listed as AB and only accepting conventional and insured conventional financing. I e-mailed the info to Tim so he could see for himself and I explained again.
A short while later he e-mailed me to say that he called the listing agent and she did not mention these things to him. I told him I would call her to talk to her and get the scoop.
He did not wait to hear from me, but e-mailed me a short time later to let me know he likes me as a person, but that he will have to find someone else to work with to find a home.
Maybe instead of a knight in shining armor, I need to be Merlin the magician!
Comments(24)