Situations Change!!

By
Real Estate Agent with Platinum Realty Group

Situations Change;we were supposed to close two weeks ago however, the situation changed at the last minute!

Everything ; was going along as planned( it was my buyer), and the afternoon before we were to close she was let go from the job she had, due to lack of work.

We, the Buyer and I , had had a tough time finding the property that fit her criteria. We had tough negotiations, and the Seller was an agent who was playing hard ball!

Being a First-Time Home-buyer; she had given notice at the apartment she was renting and had to be out within a week. We were in a Time Crunch situation.

Even though she could not Buy, (at the moment), we negotiated a Lease Purchase on the property, with the down payment going toward the sale when she closes. She has a year, but is hoping to close before the incentive runs out!

She is very Blessed, she got to move in the house she will buy and is looking for a job so she can  Close before the end of November!

www.PlatinumRealtyKnoxville.com

Comments (4)

Irene Tron
Valparaiso, IN

A lease purchase agreement is a great plan to a tough situation.  Hopefully there will be a closing in the near future for her.

Aug 07, 2009 01:14 AM
Mike Saunders
Retired - Athens, GA

Connie - hope things work out for you buyer. It was good that she was able to get that lease purchase.

Aug 07, 2009 01:24 AM
Connie Case
Platinum Realty Group - Fountain City, TN
Realtor, Knoxville Tn.

Thanks Mike and Irene for reading and commenting on the Blog I posted! I have been busy with RE and Family and have not been blogging much. Trying to get back on the Horse!

Aug 07, 2009 01:29 AM
Tom Davis
Harrington ERA,DE Homes For Sale, $$ Save $$ Buy Today ! - Dover, DE
FREE Delaware Homes Search!, $$ Save $$ - Find Homes! Delaware Realtor

Hi Connie,

Great real life example!  I hope I'm never faced in that situation but I agree that buyer was very lucky!  I hope it works out well!

Thanks,

Tom Davis

Mar 24, 2010 01:50 PM