Early bird gets the worm only if it grabs it.

Services for Real Estate Pros with Direct to Market LLC

Following the last post on "Who gets the listing" I wanted to share the selling of this property. About 90 days had passed when activity took off. The first contract was FHA. The estate attorney recommended a straight rejection of the contract with no further contact with the buyers agent in regards to the buyers. Not at all what I thought was going to happen. Listed at 105K his words were we'll wait for cash, 105 is chump change.

At this point I had never had a cash deal and this was not and area were I though people had money. The next offer came in a few weeks later. 20 percent down conv...  Gave a verbal acceptance over the phone. We needed a letter from the bank and the buyer's financial information before we would execute to contract.The buyer agent had until 10:00 am the next business day to fax the papers to my office. Another offer came in later that same evening full price, cash.

The buyers agent for the 20% down conventional faxed the papers at 10:17. 17 minutes late. We executed the cash offer contract the Buyers agent got a call from me as soon as the cash deal was complete. I called the agent with the 20% down buyers and got the voice mail. I finally got a call about 5 hours later from a livid agent who had just learned they didn't have a contract. In the end she should have followed though as agreed. There was no obligation to inform them of the second offer.

What are your thoughts?


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
ActiveRain Community
buyer agent
cash offer
execution of a contract

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

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

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


Victor Plitt

Ask me a question
Spam prevention

Additional Information