Special offer

Thursday's Tune - "Does Anybody Hear Her" by Casting Crowns

By
Real Estate Agent with McLeRoy Realty Associates, Inc. 209657

Eavesdropping

 

I was on the phone with my client "breaking the bad news" because the 3rd offer we had submitted on a foreclosure had been turned down.  Not only did it get turned down, the agent told me "the asset manager" had told him, CASH ONLY from that point on! 

Another agent in our office came to me and said she happened to overhear our conversation and was this the same transaction that I was having problems (which is an understatement) with earlier?  I told her yes and she asked me to give her all the details.  So I did.  In a couple days, she came back to me and told me she had a proposition.  She had an investor (cash bucks $$$$) and if he purchased the home, would my client still be willing to purchase?  The contract, would be contingent upon her client purchasing the home, of course.  The investor also wanted more earnest money down than the original seller.  ALSO, we needed to make sure my client's lender was agreeable.  I told her that it sounded like "a plan" to me however they would have to decide.  You know the old saying, "Three strikes...you're out!"Wheels in motion

The client agreed and I wish I could tell you he was "ecstatic" however at this point of the game, he was very DOUBTFUL!  I contacted the agent and we put the P&S together.  So, the wheels get in motion!

Very good ending to this L-O-N-G D-RA-W-N out transaction.  The investor purchased the property, turned it around in a very short matter of time and SOLD the home to my client!  We all go to a CLOSING and get Skin a catpaid that sweet word called "COMMISSION"!

I want to say and also "THANK" that agent for "tuning in" and making a dead deal come back to LIFE!  As the old saying goes, "there's more than one way to skin a cat!"  Just an expression, cat lovers! ;-)

Everyday there are "opportunities" that await us...all we need to do is open our eyes, our ears and most of all, our hearts!

 

 

 

 

 

 

 

Heather Adkinson
Windermere K-2 Realty LLC www.propertiesinmoseslake.com - Moses Lake, WA
Real Estate Agent - Moses Lake

So what was in it for the investor, I'm curious because people ususally don't do this out of the kindness of their heart?

Sep 24, 2009 12:09 PM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Way to go Alicia! Everything happens for a reason and all I can say is S-A-W-E-E-E-T!

Sep 24, 2009 01:53 PM
Alicia Gibson
McLeRoy Realty Associates, Inc. - Zebulon, GA
Associate Broker, McLeRoy Realty Associates, Inc.
Heather, The investor made quick $$$ from this transaction..no doubt. Client KNEW from the beginning what amount as well. He was GRATEFUL because he already invested in home inspection termite inspection, $1,000 Earnest Money (that we are STILL trying to obtain from former listing brokerage!) plus this home was a DEAL and in his price range. Also, had already moved out from a rental because we were set to close with former brokerage/lender. The investor had the home pressure washed and a new door exterior garage door which we did not ask for...so yes, he made money & did something out of kindness, I feel.
Sep 25, 2009 01:07 AM
Alicia Gibson
McLeRoy Realty Associates, Inc. - Zebulon, GA
Associate Broker, McLeRoy Realty Associates, Inc.

Wanda, Yes, it was S-A-W-E-E-T!! Do you remember the blog I wrote a month or so ago about being "forced" to go with a lender and was it ethical?  SAME DEAL! ;-)

Sep 25, 2009 01:09 AM
Mike Frazier
Carousel Realty of Dyer County - Dyersburg, TN
Northwest Tennessee Realtor

Alicia,

Sounds like a win/win/win/win/win deal to me. Congratulations and thanks for the song also!

Sep 25, 2009 10:51 AM
Alicia Gibson
McLeRoy Realty Associates, Inc. - Zebulon, GA
Associate Broker, McLeRoy Realty Associates, Inc.

Mike, I love this business ESPECIALLY when the transactions turn into a more MEANINGFUL win-win!  By that, I do not mean the $$$ made..I mean the satisfaction of turning the dead deal back to a living deal!  I spoke to the couple yesterday..they have the interior painted, carpet laid and fixing to install the wood flooring!  The EXCITEMENT could be felt right through those phone lines!  THAT'S WHAT I'M TALKING ABOUT!

Sep 27, 2009 06:14 AM
Debbie Walsh
SHAHAR Management - Middletown, NY
Hudson Valley NY Real Estate 845.283-3036

Congrats Alicia!  Singing all the way to the bank!

 

Sep 28, 2009 02:02 PM
Alicia Gibson
McLeRoy Realty Associates, Inc. - Zebulon, GA
Associate Broker, McLeRoy Realty Associates, Inc.
Debra, Thanks girl!
Oct 06, 2009 04:49 PM