Some Settlements are Bittersweet!

By
Real Estate Broker/Owner with HomeRome Realty 410-530-2400 311291

Bittersweet involves feelings of happiness and sadness at the same time! When thinking of bittersweet, I only wish it could be related to chocolate!

                                     Bittersweet chocolate HomeRome 410-530-2400 

I would like to think that each and every one of my transactions is a wonderful experience. Buyers get their beautiful new home. Sellers moving to a better home, a bigger home, a new baby needs their own room, a move for a job promotion, retiring to paradise or moving to be near children. Just like they have planned for many years!

 Not every closing we go to is a happy one. Sometimes sellers  come to the table due to  a financial disaster, other times, an illness or loss of a spouse. and other times a loss of a job. Some settlements are bittersweet.

This is the case with a recent short sale. The buyers were getting a terrific home, a price they could afford and  just perfect for their family situation. I wanted to be so happy for them and I was.

But on the other hand the sellers had just lost their home, their dreams, the home that they worked so hard for. Many years of love, sweat and tears went into their special home.

But now we were  sitting at the closing table after many months of trying to sell in a declining market with  numerous medical and personal problems including a family death.

 Instead of tears of  joy..there were just tears. It was bittersweet. Yes they were thankful (as thankful as one can be with a short sale) and took time to even write me a wonderful note of appreciation. 

Reading one of  Elizabeth Weintraub's blogs, she feels the same way:

"It's the last time I will see some of my sellers because maybe they live out of the area or are moving away. The closings are bittersweet. On the one hand, I'd say my sellers are grateful that I have performed a service for them that not every agent can do. My short sale closings are not like regular real estate closings." I am thankful for my real estate career!

Some settlements are bittersweet!

 

 

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  1. Praful Thakkar 11/24/2010 06:39 AM
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Rainmaker
50,861
Lynn M. Bower
John R Wood Realtors - Naples, FL
PA, ABR, GRI, RSPS, AHWD, PMN, CNE

Wow! a Realtor who cares more about her clients than the paycheck. My hat is off to you and thank you.

Nov 27, 2010 07:32 AM #66
Rainmaker
153,944
Kathy Opatka
RE/MAX CROSSROADS - Ocean City, MD
Serving Ocean City, MD, & The Delaware Beaches

Too often the Short Sales have only ONE happy ending.... for the Buyers who got a great deal!  But maybe the Sellers are just grateful to be out from under the stress of the Short Sale process.  Let's just hope that the future holds wonderful endings for all involved!

Nov 27, 2010 08:17 AM #67
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Lynn, Thank you.

Kathy, It would be nice to think of wonderful endings for all.

 

Nov 27, 2010 09:14 AM #68
Anonymous
Peter Michelbach

Thank you Margaret so much, when reading the inspiring posts I just get embraced by the moment...I am in the process of getting registered, yet there seems to be some connecting problems....Thank you. Peter from 'down under'.

Nov 27, 2010 10:09 AM #69
Ambassador
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Peter,

Let us know if you need help connecting. We would love to read about you and your down under real estate.

Nov 27, 2010 10:15 AM #70
Rainmaker
203,268
Margaret Mitchell
Coldwell Banker Yorke Realty - York, ME
Seacoast Maine & NH Real Estate

Some are bittersweet and some are just bitter.  Some Sellers feel that they have lost control of their lives.  Although they consciously know that you are helping them, they emotionally can resent the closing.  I understand and just wish them well.

Nov 28, 2010 01:42 AM #71
Rainmaker
275,774
Laura Levenson
APEX Properties - McHenry, IL

I can relate to this completely.  Most of my listings/closings are short sales.  I have had to learn to take the emotion out of these deals, and try to be sympathetic all at the same time.  Not an easy thing to do!  I think we as realtors need to take courses in psychology thes days!!

Nov 28, 2010 02:41 AM #72
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Margaret M.  It is that understanding that sets you apart.

Laura, As a former RN, my psychology is used as much, if not more, in dealing with real estate transactions. As a Pediatric Nurse, I was not supposed to get emotional...but found out...I am human and it did not always work that way.

Nov 28, 2010 08:12 AM #73
Rainmaker
342,754
Elizabeth Bolton
RE/MAX Destiny Real Estate Cambridge, MA - Cambridge, MA
Cambridge MA Realtor

Hi Margaret ~ I think many sellers have mixed feelings regardless of the circumstances.  I know that my teary eyes made the buyer nervous when I pulled away from my first house for the last time.  I chose to move but I *loved* that house - and had only been there five years.  Selling a house you've lived in for decades is something else entirely. 

Liz

Nov 29, 2010 04:30 AM #74
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Liz, Thank you for sharing your own experience. I think this make you a better agent!.

Nov 29, 2010 04:55 AM #75
Rainmaker
273,520
Wayne B. Pruner
Oregon First - Tigard, OR
Tigard Oregon Homes for Sale, Realtor, GRI

It's very sad that many recent transactions result in misfortune for families.

Dec 01, 2010 04:00 PM #76
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Tigard, Yes, it is very unfortunate but glad we are able to help.

Dec 01, 2010 04:04 PM #77
Rainmaker
212,987
Sandy McAlpine
RE/MAX EXECUTIVE - Cornelius, NC
Search Lake Norman Homes For Sale - Lake Norman NC

I could totally say that same thing today. I had a closing that was bitter and it went sour but closed anyway and the buyers got a great deal. Sweet is the part of finally getting paid when you didn't think it was going to close.

Dec 02, 2010 01:38 AM #78
Ambassador
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Sandy,

Congratulations on getting it to the settlement table.

All's Well That ENDS!

Dec 02, 2010 03:06 PM #79
Rainer
60,032
Dennis & Terri Neal
RE/MAX, Big Bear - Big Bear Lake, CA
Your Home Sold in 45 Days or We Se

Just getting to the closing table makes it sweet for me. I know the sellers may not be as happy though in this market.

Dec 03, 2010 11:47 AM #80
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Dennis and Terri, Getting to the closing table...sweet for most!

Dec 03, 2010 02:36 PM #81
Rainmaker
645,842
DeeDee Riley
Lyon Real Estate - El Dorado Hills CA - El Dorado Hills, CA
Realtor - El Dorado Hills & the Surrounding Areas

Margaret, I mostly work with buyers and though I'm always happy for them, often I am sad for the sellers because I imagine how sad I was when we left each of our homes. 

Dec 05, 2010 04:17 PM #82
Ambassador
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

DeeDee, I think your sensitivity makes you a better agent.

Dec 05, 2010 09:56 PM #83
Rainmaker
224,958
Liane Thomas -Top Listing Agent
BROKER Allison James Estates & Homes BRE 01885684 - Corona, CA
Bringing you Home!

Remind your clients that they will be eligible to buy again in a few years. And they will be buying twice the house at half the price. Remind them also that you will be so excited to help them shop for their new home when they are ready. 

Dec 23, 2010 01:53 AM #84
Ambassador
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Liane, This is good advice for many, however a few families are seniors and will not be purchasing again. It is quite sad.

Dec 23, 2010 02:37 AM #85
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