Don't take a signed contract for granted

By
Real Estate Agent with Keller Williams Realty RS-64070

So I had a contract signed, great price for my seller and a quick close....Great Job right?  Not really!!!  This was in January and a couple days after opening escrow a water heater leaked (property was vacant) on the 2 units directly below my sellers.  Now what to do?  File an insurance claim, send in paperwork, wait, get a few quotes from contractors, wait, wait, check with condo association make sure things are moving forward, wait, wait and more waiting, uncooperative owners in units that were damaged....so I think you get the point.  

We have a signed contract but because of circumstance we can not close escrow and by now the buyers have canceled a couple weeks ago.  

Today I got an offer 10% lower then our last offer, and construction has still not begun.  Sometimes just because you have a signed contract, and a ready willing and able buyer and seller.  It doesn't mean you have a done deal..... 

 

A LEARNING EXPERIENCE..... 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Selling
Location:
Hawaii Honolulu County
Groups:
Realtors®
Keller Williams 'Rainers
The Lounge at Active Rain
ABC's of Real Estate Marketing
Addicted to Active Rain
Tags:
sold
kapolei
hawaii real estate
sellers
ewa beach homes

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
4,432,726
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I am sorry for the sellers. I had a similar experience when the sump pump broke and basement go flooded buyers backed out. The sellers had get basement waterproofed and new carpet etc and then sell.

Apr 06, 2011 10:34 PM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
114,369

Chris M.T. Bodden

RA, CDPE - www.BoddenRealEstate.com
Ask me a question
*
*
*
*
Spam prevention

Additional Information