You lost your deal but the sellers lost their home

By
Real Estate Agent with ProStead Realty Charlotte, NC CRS SRES mitch@prostead.com NC License #115457

I just read a blog about the tragedies in the northeast from Frankenstorm Sandy about homes that were destroyed and agents whining about losing their deals. I was reminded of a deal I had that fell through where the buyer's agent and her buyers were livid.

Hurricane Sandy Frankenstorm
Like so many in this economy, my sellers had fallen on hard times and prey to an aggressive builder when they bought the home, with terms the could not afford long term. (This was before I came along.)

It was a short sale with two liens and the banks were all but non-responsive and very uncooperative. Of course when this happens the listing agent inevitably always get the fingers pointed at them. But our hands were totally tied.

This drug on for a few months until the buyers got totally frustrated and walked. And of course the buyer's agent was furious with us because she lost the deal.

Unfortunately we were never able to sell that house and ultimately the sellers got foreclosed on. Very nice lady who took care of her older handicapped son, but the buyers agent and her clients could have cared less.

I guess my point here is, while I think most Realtors out there today are in this business for the right reasons, there are a few that are in it for the money and nothing else. And that saddens me.



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Ambassador
1,514,247
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

I am definitely not complaining about much of anything these days because of people less fortunate than me!  Way to put it in perspective Mitch!

Nov 08, 2012 03:02 AM #1
Rainmaker
1,278,058
Michele Cadogan 917-861-9166
Fillmore Real Estate 2990 Av U, Bklyn , NY 11229 - Brooklyn, NY
Licensed Real Estate Associate Broker -

Not complaining , just simply counting my blessings---There is always something to be thankfull for.

Nov 08, 2012 06:51 AM #2
Rainmaker
463,052
Mitch Muller - Charlotte NC Real Estate
ProStead Realty Charlotte, NC CRS SRES mitch@prostead.com - Charlotte, NC
Certified Residential Specialist

Renee and Michele, thanks! I feel exactly the same way!

Nov 09, 2012 11:55 PM #3
Rainmaker
3,827,330
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Mitch -- makes you wonder about empathy.   Hopefully these situations are rare.   

Nov 10, 2012 02:23 AM #4
Rainmaker
463,052
Mitch Muller - Charlotte NC Real Estate
ProStead Realty Charlotte, NC CRS SRES mitch@prostead.com - Charlotte, NC
Certified Residential Specialist

So true Michael. Yes, thank goodness I haven't ran across many like this!

Nov 10, 2012 05:54 AM #5
Rainmaker
1,231,318
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Mitch, thanks for your post.  It helps us to put things in perspective.  Big differnce between losing a deal and losing your home.  My heart aches for those still struggling to rebuild their lives.

Nov 16, 2012 06:38 AM #6
Rainmaker
463,052
Mitch Muller - Charlotte NC Real Estate
ProStead Realty Charlotte, NC CRS SRES mitch@prostead.com - Charlotte, NC
Certified Residential Specialist

Me too Mary.

Dec 01, 2012 12:16 AM #7
Rainmaker
528,114
Lisa Friedman
Great American Dream Realty - Essex, VT
30 Years of Real Estate Experience!

I once had a seller in an absolutely desperate situation.  Her home had been on the market for two years fsbo and with other agents. My ex-husband and I took two days and painted her home for her out of the kindness of our hearts and it sold a week later. I was happy to help.  While I do not believe in cutting commissions as most people dig themselves into their own holes and need to learn from their mistakes by working it out themselves, this woman had definitely had her share of hard knocks and I was happy to help her.

Jul 02, 2013 01:32 PM #8
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Rainmaker
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Mitch Muller - Charlotte NC Real Estate

Certified Residential Specialist
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