So I had a contract signed, great price for my seller and a quick close....Great Job right?  Not really!!!  This was in January and a couple days after opening escrow a water heater leaked (property was vacant) on the 2 units directly below my sellers.  Now what to do?  File an insurance claim, send in paperwork, wait, get a few quotes from contractors, wait, wait, check with condo association make sure things are moving forward, wait, wait and more waiting, uncooperative owners in units that were damaged....so I think you get the point.  

We have a signed contract but because of circumstance we can not close escrow and by now the buyers have canceled a couple weeks ago.  

Today I got an offer 10% lower then our last offer, and construction has still not begun.  Sometimes just because you have a signed contract, and a ready willing and able buyer and seller.  It doesn't mean you have a done deal..... 

 

A LEARNING EXPERIENCE..... 

Chris M.T. Bodden - RA,CDPE

Keller Williams Realty

808-780-8857

chris@boddenrealestate.com

www.BoddenRealEstate.com

 
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1 Comments on Don't take a signed contract for granted

APR
07
2011
1,450,994 Points 46 Featured Posts Outside Blog Called Shot Master

I am sorry for the sellers. I had a similar experience when the sump pump broke and basement go flooded buyers backed out. The sellers had get basement waterproofed and new carpet etc and then sell.
5:34am • #1


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Chris M.T. Bodden RA,CDPE- www.BoddenRealEstate.com

Kapolei, HI

More about me…

Keller Williams Realty

Address: 725 Kapiolani Blvd , Suite C302, Honolulu, HI, 96813

Office Phone: (808) 780-8857

Email Me

Chris M.T. Bodden's perspective on the local real estate market in Hawaii. I am committed to serving my clients needs in all aspects of real estate, & being their 'go to guy' when it comes to real estate. I specialize in residential real estate on Oahu/HI, covering everything from luxury properties to short sales & foreclosures. With the high number of foreclosures & short sales in todays market, I have adapted to keep the upper hand & make sure that my clients get the best service possible. In addition I also work extensively with people in the military who are relocating to or from Hawaii. First time home buyers are another major area of my expertise. I used to be a Loan Officer this is a huge asset to my clients because I can help point them in the right direction & make sure that they are getting the best deal possible. I have yet to have a client who has not been satisfied with my service. Buying or Selling real estate I can help you. More information at www.BoddenRealEstate.com.


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