Difficult vs. Easy Closings--I think I finally had a textbook transaction

By
Real Estate Agent with Casa Latino Four Corners, REALTOR, CDPE

Well, I had the EASIEST, SMOOTHEST closing celebration today that I've had all year.  The Buyers that I had the privilege to work with have been awesome.  Looked two weeks.  Put offer on a house.  Got it tied up/under contract.  Inspections-no real problems.  They sold their home in record time, got their money last week, bought today.  Classic/textbook/easy transaction.  The easiest transaction for me this year, really.  Most of the time, some ugly little issue (or two, or twelve) raises its head somewhere during the transaction but this one was EASY.  I can't believe it.  I almost (almost) feel like I haven't quite earned my fees--no, wait--I TOTALLY am worth what I received today in commissions--and then some--because I am an excellent agent.  (Sorry--brain fog for a moment...)  Yes, I know I'm a Seller's agent, typically, but I do actually like to help the odd Buyer now and again to get the right property at the right price (meaning CHEAP in this market) and quickly.  In this case it was VERY quickly.  Gotta love motivated Buyers. 

FAT AND HAPPY--  I don't know how to act.  Everything just happened.  No last-minute anything, really.  What do I do with all this free time?  I didn't have to put out any major fires.  This is how I feel: 

But I just wanted to say, does it seem like this whole year that actually closing each and every transaction has been DIFFICULT?  Each one.  Without fail.  Difficult.  Either the Seller is up-side-down on their mortgage, or they want to list at 2-years-ago prices, or they get a perfectly good offer and pass on it...  Or the Buyer can't qualify.  Or whatever.  It seems like transactions this year are just hard to get closed, even if both parties WANT to close the transaction.  And I won't even get into the pre-foreclosures, short sales, and foreclosures, which are a different animal altogether and very difficult--the bank has its own rules and Buyers don't always get steal prices like they think they should (but put in that low-ball offer anyway b/c sometimes it works!--but that's another blog post).   

So, basically, for you successful agents (and lenders) out there--have you had any just plain EASY transactions this year?  Plus, for the transactions that didn't close, what was the issue with those?  I mean--what got in the way of the closing?  Buyer?  Seller?  Appraisal?  Seller can't afford to seel/up-side-down?  Buyer can't qualify?  Buyer takes forever looking at ALL possible listings that match his/her criteria...

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Tags:
easy vs difficult closings
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Rainer
25,060
The All Pro Team
EXIT Realty Leaders - Crystal River, FL
Lisa, it does seem like things have been a little difficult this year. Take joy in your easy closing and hopefully it is just the first of many.
Oct 31, 2007 02:03 PM #1
Rainer
68,711
Lisa Spalding
Casa Latino Four Corners, REALTOR, CDPE - Longwood, FL
REALTOR, CDPE
Thanks for your comment.  Yes, I'm happy for the quick, easy closing and also agree that most have been like pulling teeth.  Here's to a lot more smoother ones in the next few months!
Oct 31, 2007 02:12 PM #2
Ambassador
534,149
Kate Elim
Dockside Realty - Spotsylvania, VA
Realtor 540-226-1964, Selling Homes & Land a

LISA...I had one this summer.  It was one of my waterfront homes that had a contract in 22 days.  We actually had it a couple of days sooner but did some pretty easy negotiation and got it ratified.  Inspections were great (thorough but great), appraisal no problem, financing easy. Seller, actually a friend of many years, easy to work with and delighted at the results.

On Nov. 9th I may report another one that is moving along without a hitch so far.  We will know for sure a week from Friday.  This waterfront house was under contract in only two weeks.  Right now here at Lake Anna that is super.

Now for the problem transactions this year, that would take up too much space. 

Oct 31, 2007 02:14 PM #3
Rainer
30,522
Charles Tharp
Prudential California Realty - Fontana, CA
Inland Empire, Real Estate & Short Sale Specialist
Congratulations! Getting a smooth, textbook transaction can be one of the best things an agent receives. No headaches, whining, complaining, problems to deal with! YAY!
Oct 31, 2007 02:18 PM #4
Rainer
17,576
Adele Irving - Easton Area Homes
Prudential Patt, White Real Estate - Easton, PA
Good for you!  Enjoy this feeling.  I hope you get many more.
Oct 31, 2007 03:28 PM #5
Rainmaker
46,093
Sarah Nopp
South Sound, WA

Enjoy the feeling! I know they are few and far between. And make sure you take time to Thank your clients and the other professionals a LOT.

I have developed a certain amount of superstition in regards to Ease of a deal. I figure it will be hard at the beginning or the end. If it isn't super hard to get them into their home, or hard to negotiate the deal, or hard to get through the inspections... Then that last week of the deal will be a real Grind!

Congratulations!

Oct 31, 2007 04:58 PM #6
Rainer
209,246
Marc Grossman
Marc It Sold! - Longwood, FL
GRI, Greater Orlando Real Estate Broker
Lisa,  CONGRATULATIONS!!
Nov 01, 2007 01:45 AM #7
Anonymous
Anonymous

Thanks, Marc!  How are you doing? 

Nov 01, 2007 05:03 AM #8
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Rainer
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Lisa Spalding

REALTOR, CDPE
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