The Lowering of Standards to the Mostly Ratified Contract
I don't know when getting a ratified contract became so freaking difficult. The market in Northern Virginia is moving at a break neck pace, but when we receive an offer on our listings, shouldn't we actually look at it first and then make sure, if the terms are acceptable to our sellers that we get them to initial EVERYWHERE they need to. You can't miss an initial and have a ratified contract.
But wait, it seems that missing initials, missing contact information and missing notification delivery specifications are EXACTLY what I'm getting back from Listing Agents when they send me "ratified contracts."
What the heck? Can we not sit down, take a sip of our favorite beverage and a deep breath before embarking on sending a contract out for final signatures to make sure we provide everything we need to?
When sitting with sellers in person, I make sure to highlight every place they need to sign or initial. If they counter an offer, I circle where initials are not missed by the Buyer's Agent. When using DocuSign, I take my time and crawl through the paperwork page by page. Hurrying leads to mistakes and those can be costly in real estate. And no matter how I do it, I make sure to double check my work.
So today, yet another Buyer-client has a "mostly ratified" contract. I'm sending it back out to the Listing Agent one more time for the initials she missed from her client the first second time around. Third time's a charm.