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When is a Deal a Dead Deal? & Is there really a Deal Saver?

By
Services for Real Estate Pros with AMAZING HOMES GROUP, LLC

They never die... Trust me! Regardless of the client's background, level of education or experience in real estate their deal never dies.

See most of our clients whether buying, refinancing or selling residential or commercial have a plan "A Goal!" Some more planned out than others, but they all have a Goal. That Goal is to close a deal and they will somewhere somehow. Why not let it be you?

Take a minute and think a bout the last customer that you were not able to help or the last customer that you just didn't get back to in time or the ones you didn't think were really serious. It happens to use all. The customer doesn't have enough money saved to put down or they won't have money for closing cost until the year 2020. Lol, whatever the reason might be it causes us to not be as interested in working with them as diligently as we might someone else, like the so called a serious buyer.

FYI:  Don't let those deals die. If there dying get help.

I was asked to help out with a client who had been approved for various amounts and LTV's from a Mortgage Broker and had looked at countless homes with countless Realtors to find that when time to close on two separate occasions... there were issue after issue. The lender was unable to verify Rent History, Debt to income ratio changes, rate changes, LTV changes you name it...

My point being this deal obviously died several times for several people but it wasn't Dead. The deal finally closed.

Had the previous Mortgage Broker and/or Realtor had someone that they consider to be a Deal Saver they may have just done that and saved their deal like the gentlemen that called on my help. We as Real Estate Professionals should build that "call on me rapport" ask and answer questions to help each other structure that WIN WIN Deal.

I like Active Rain and I think there's a lot of what I spoke about going here. Glad I joined

Do you have any dying deals & Who's your Deal Saver?

Comments (5)

Luke Constantino
Brooklyn/Manhattan Real Estate - Brooklyn, NY
Residential/Commercial Real Estate Brooklyn NY

We can get a baglady a loan here in NYC...

Our deals never die due to loans. It usually dies due to overpricing.

Apr 05, 2007 09:37 PM
Jeff Hamilton
AMAZING HOMES GROUP, LLC - Springfield, MA
General Manager

lol,

Some people can be greedy. I would give a brokers credit before I let the deal go.

Wow!

Thanks for the comment.

Apr 05, 2007 09:43 PM
Robert Whitelaw
Whitelaw & Sons Real Estate Services - Morgan Hill, CA
Broker, CEO, Realtor , ePro

Well, with recent events in the loan market, I would suspect we see a tightening in loan practices. I am already seeing this in my are for instance.

But more to the point of a dead deal, I am proud to say that I have never had a deal die unless one of the parties did or I believed my clients needed to get out for some reason. This has not been easy. It calls for thinking outside the box and getting creative at times. In addition to that, it takes dedicating yourself to the idea that there is always a solution - some just harder than others to pin down.

 

Apr 05, 2007 10:00 PM
Allison Stewart
St.Cloud Homes - Saint Cloud, FL
St. Cloud Fl Realtor, Osceola County Real Estate 407-616-9904

Luke baglady loans... too funny. In Florida, it is getting much more difficult to get loans approved, and with rates working folks can afford. So they may not die on the vine...they may shrivel a lot instead.

 

Apr 05, 2007 11:45 PM
William Collins
ERA Queen City Realty - Scotch Plains, NJ
Property and Asset Management

Jeff,

Thanks for the post and welcome to ActiveRain. Very timely topic, given the average market conditions across the country. as long as the buyer wants to buy and the seller wants to sell -  It's alive, it's alive!

Apr 06, 2007 12:55 AM