This Really Happened - An Unexpected Buyer's Nightmare.
At at time when the ceaseless chatter of doom dominates our airwaves and senses, we Realtors have but one overriding wish - The cash buyer ready to close.
My website, www.TheFlagstaffWebsite.com, attacts buyers from all over the state and the nation. I am continually surprised at the range of visitors who send me messages and search my site.
A few weeks ago I received a phonecall from a gentleman in Tucson. He and his wife had just sold a second home. They had cash to spend - up to about One Million. Could I help them?
Are you KIDDING ME?
This wonderful couple had a strong idea of their needs and desires. They were a pleasure. So we three and the dog set about to view Flagstaff properties. Although they had provided me a list of top choices, there was a property not on their list that I knew I HAD to show them.
Their top choices were nice.. but... not "the one". As our final stop I took them to the property I had in mind. They loved it. They adored it. They furnished it on the spot, choosing which pieces they would bring and which would stay home.
With a huge smile on my face, I escorted them to my office where we wrote our cash offer. Yes, it was low - but today, a low offer for a home priced at $975,000 is welcomed with a song, dance and hallelujah, given the painfully few sales we have had in Flagstaff in that price range.
To make a long story short, the Sellers countered. Their pressing problem was that their accountant was out of town, and with the new idea of doing a 1031 exchange perking happily in their heads, the Sellers were not sure EXACTLY what they could agree upon as a bottom line.
My Buyers had three days to respond, the third day being the day the accountant returned. They wanted the house! They loved the house! And they had CASH! We all eagerly anticipated DAY THREE.
Then, the unthinkable occurred. The unimaginable. Can you guess?
Unable to find their 1031 exchange property, the Sellers took their home off the market. In a flash, the dream home of my buyers was gone.
My Buyers were literally devastated. They had not only furnished this home but they had planned the next five years of holidays with the kids and grandkids. They built the dog a new dog run and smelled the beautiful moist air around them at sunrise for years to come.
However, we have a happy ending for my Buyers. They called me to let me know that they found a great home in SANTA FE, a home that, as of our last phonecall, was still on the market during inspection period.
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