Am I disappointed, yes. But angry? NO!
Think about it folks, everyone - every single person - knew the deadline to close was June 30th, yet how many real estate agents, including myself, were contacted by buyers the LAST WEEK OF APRIL, who expected us to work 24/7, bust our butts, and come up with a miracle?
I made it expressly clear to those buyers that there were absolutely NO GUARANTEES that they would make any of the deadlines. I then had the talk with them about "do you want $8000 or do you want a home that you love at an affordable price?"
Many of my buyers opted for "a home that they love" and didn't just grab up anything for the instant gratification of $8000.
Will I lose money because of the vote? Absolutely. For now. But I will continue to work with my disappointed buyers and educate them as to the benefits of home ownership and the reasons why you should never buy a home without careful consideration and their own money in the bank.
I can remember when I bought my first home - in 1983. Interest rates were 18% and we lived on cans of chicken noodle soup most of the time so that we could suck away every spare sent for a down payment. We didn't have new clothes and fancy cars. But we did have down payment money.
Some of today's buyers want a home, but their priorities are flat screen TVs, every Wii game available, TWO fancy cars and all the other bells and whistles of today's lifestyle. What they need is some good old-fashioned chicken soup.
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