Sometimes Money Isn't Everything

By
Real Estate Broker/Owner with Haven Realty & Investments BK 3177933

The other day I posted a photo from the master bathroom of a house I showed a couple after I finished putting in their offer.

I explained to them that we needed to give them what they wanted for the house because we had a few extra contingencies (mainly the sale of their home) to overcome. We thought that an extra couple thousand dollars would help them see we were serious. 

It was a great offer- over ask price, minimal inspection period, with the standard 45 day FHA close, contingent upon them selling their home which has been under contract and is out of inspection period, (due to close 11/10).

The buyers were excited and optimistic. Until I got the call back from the listing agent that they had gone with another offer! How could that be?! 

The sellers had already relocated and wanted to be done with this home, so they took a lower offer that was cash and could close in two weeks. 

I tried explaining to the listing agent that our higher offer would more than pay for another months mortgage payments and other expenses, but she said the sellers did not care they just wanted it sold. 

Moral of the story: Money isnt everything.

And its back on the hunt for this couple. 

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Rainmaker
3,707,969
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I agree with you. There are many people who feel the same way. 

Oct 13, 2017 03:15 AM #1
Rainmaker
1,325,373
Yolanda Cordova-Gilbert
Sitterle Homes - Richmond, TX
Sitterle Homes

Money is not everything in real estate and life! Good blog and good to share I hope you are having a great weekend!

Oct 14, 2017 03:48 PM #2
Ambassador
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

It isn't always about money. I have had sellers that just wanted the deal done and over. 

Oct 14, 2017 07:00 PM #3
Rainmaker
2,365,606
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

You are so right, it is not always about the money.  We are in a interesting business and see lots of things.

 

Oct 15, 2017 09:09 AM #4
Rainmaker
1,308,032
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Sad story for your buyers, but in the end you'll find them something even better.

Oct 19, 2017 12:21 PM #5
Rainmaker
1,110,485
Jane Peters
Home Jane Realty - Los Angeles, CA
Connecting you to the L.A. real estate market

Ah yes, those cash offers. They are almost always going to beat out the regular offers with all the contingencies, not to mention having the extra home sale one. Hopefully your buyers will find something soon and they will definitely be in a much better position now that their home should have closed.

Oct 19, 2017 03:23 PM #6
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Ben DeHaven

Proudly serving Winter Haven & Lakeland, Florida
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