Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.
Before you protect the world....begin with your client's earnest money
It all starts the same....you list a "haute" property in great condition that's price just right and you receive a FLOOD of phone calls.
This is exactly what happened to me, but one particular call stood out from the others...this agent spoke of her client who has a disabled child and they'd already looked at about 50 properties...and missed out on about 20 of those. Instantly, I felt her pain. She showed the home and quickly submitted an offer....A GREAT OFFER, might I add. She quickly explained that all of her client's financials and paperwork had been turned in to the lender and that we would definitely be in for a relatively quick closing.
MUSIC TO MY EARS!!!!
After about a week, I contacted the buyer's agent to get a status on the loan processing and was told that everything was going well and that we'd probably close a little sooner. My only concern was that the appraiser had not yet contacted me for access to the property.
After about another week, I contacted the lender to ascertain the status of the appraisal and received quite interesting news. As it turns out, the buyer's loan had not yet been submitted to ... more
Are you on The Rain? Grow Your Network!