There is really no such thing as a non-calculated risk in real estate. We take risks every single day, and they are typically calculated in some manner. For example, walking across the street to our office on a green light is still a calculated risk. But the odds are against getting run over. Yellow lights are a different story.
Sometimes, when you get a buyer who won't conform to the requirements set forth, but seem to meet most of them, and you haven't had an offer for a long time, well, you feel like making an exception. Then there are other red flags like the agent is from out of the area, which can be a problem if they don't have access to MLS, don't know the comparable sales in the Elk Grove neighborhood, and so on.
Speaking of which, I saw a business card the other day from an agent that said I'll give you thousands of dollars at closing if you hire me, and that agent's mortgage broker's tag line was: I'll pay you a $1,000 if you find a cheaper rate, and I'm thinking to myself, what? Who are these guys? Did they go to the school of Cal Worthington? But I disgress. You can read more about my recent dilemma in my personal blog today about Buyers for Short Sales in Elk Grove Can Make or Break the Sale.
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