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Two Homes for the Price of One?
Did my Buyer Really Buy Two Homes for the Price of One?
Two years before the 2008 recession, a relocation buyer contacted me on one of my listings. He turned out to be a smart, savyy investor (not a real estate investor) who promptly stated the market was in a housing bubble. He would not buy until home prices corrected "whenever" that occurred.
Timeframe? What Timeframe?
Mr. Buyer's timeframe was "whenever." Nebulous to be sure, not a good sign typically.
Many agents would not give this gentleman their time but something told me to proceed.
He was willing to sign a buyer agency agreement. He planned to pay cash and produced documentation verified by his bank. He drove a great distance for showings, this purchase would be their retirement home. He had an unusual background, his life had been spared on one of the most notorious days of the early 70's. Mr. Buyer did his research on geographic areas and decided on our region. He lived out-of-state and would drive here and back same day. It was not uncommon for us to look at 10-12 homes in 2 or 3 counties during one outing. We did not meet up regularly, he was waiting for the market to drop.
The ... more
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