Last Friday my clients closed on a beautiful short sale. Unfortunately changing the locks was not at the top of their list since they were not moving in right away.
I always advise my clients to change the locks after closing because you never know who has a key. In the case of these buyer's the previous owners son still had a key and was unaware that the property had been sold.
Thinking his parents still owned the home he decided to throw a huge house party, DJ and all. The neighbors called the police on the 30-40 party goers, but since the young man had a driver's license with that address the police did nothing.
The next day my clients received a phone call from the HOA president notifing them of the incident. It appeared the son didn't want his parents to find out about the party and the house was spotless. This situation could have turned out much differently.
This is a reminder to change your locks immediately after closing.
That's the first time I've ever heard of anything like that! I always tell my clients to make sure they change the locks but I think I'll be telling your story a few times along the way now!
Man, I wasn't invited to the party.....lol.
Jeff Burnham, Rosen & Co West, Las Vegas NV
Linda - If he didn't clean up his parents would find out, which they did anyways because we notified them.
Inez - Everyone should
Jirius - I hope so because you never know who has those keys
Mike - I agree 100%
Jenny - I'll be telling it too hoping it will become a priority for buyer's
Jeff - Neither were the new owners, I told them they weren't even invited to their own house warming party.
Amanda - Yes it did and I'm shocked college students were that respectful and no damage was done
Your clients did get very, very lucky. It isn't worth it not to as it only takes maybe $20 and an hours time to change all the locks on a house and you can do it yourself. Their delay could have cost them thousands, I'm just glad it turned out well, but it certainly could have been bad!
Rule #1 when having parties... Always invite the neighbors so they don't call the police!
Todd - I completely agree and I think telling future buyer's this story will motivate them to change the locks immediately.
Paul - You make a very good point
Yikes, what a break that the son was a decent kid. I always advise it but with REO's you just don't know who still has a key. My last foreclosure, 'someone' changed the lock and neither the asset manager, listing agent, or condo assn knew who did it. They just happened to forget about the back door and we got in that way. That was that buyers #1 thing to do.
DeAnne - I don't recommend sharing this story with excited buyer's, only excited new home owners.
Lyn - I think buyer's who purchase a REO are much more motivated to change the locks, but no matter what type of sale it is the locks should be changed right away.
That is funny only because there was no damage and nobody was home. I moved around with the military 12 times in 26 years. I always changed the locks. I even added bolt locks at my own expense to government quarters. You can never be too careful when it comes to safety.
Funny Michelle. It could have been a bad situation. Since it was okay in the end...it is very funny.
After 25 years in this business and many many mistakes in gift giving. I gave wine to an AA member and candy to a diabetic to name just a few.
Then we gave return address stamps to make all of the changes to bills and subscriptions. Got ripped off by that supplier, but so much is online now, that it isn't as pertinent anymore.
Finally landed on the idea of paying a locksmith to re-key the locks. We negotiated a slightly better than average rate because they get regular promotions from us on each closing.
This makes us feel better that we are assisting in making it THEIR HOME.
So happy to hear that your story had a "Relieved Ending".
Mark - We did laugh about it after the fact and I'm sure it will be a running joke for many years to come.
Joy & Jeff - That is a great closing gift
Deborah - I agree
There are soooo many ways this could have gone wrong, and your story is well taken. Funny story to tell to break the ice at a dinner party and to get the point across to a buyer. Of course, don't tell the end until after a long pause.
Wow, this story sounds very familiar but it was well before I became an agent. My stepson ran away from home for 5 days. He would call us from pay phones but we didn't know where he was (before cell phones). We found out when a neighbor called saying there were a bunch of police surrounding his mother's home which had just sold (she moved to Hawaii). All that time he had been 2 miles away staying in the basement of his old home (he slipped in through the basement window)! I almost forgot about that until I read your blog. The homeowners didn't press any charges, lucky for him.
Bev & Bob - I agree
Leanne - Wow now that's a story. My clients didn't press charges either.
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