Special offer

Funny how things work out sometimes.

By
Real Estate Broker/Owner with Hamm Homes

Funny how things work out sometimes.

I received a contract from an agent yesterday and it had a lender letter with it, which is always a good thing.  I always call the lender to check on the loan (it was a closing date under 30 days).  Funny the lender’s phone number was wrong. I called the office number and got a voicemail that she was out.  I called the agent and asked if he had another phone number for her. He gave me another number.  I called it and got her voice mail and I left a message that I needed to confirm if she can get the loan done by the date of the contract.  No phone call back all night.

Another contract came in 2 hours later with better terms and price.  Still no phone call back from first lender.  After we discussed it with our client, they went with the second contract.  If the lender would of called back maybe they would of got the deal.  Lender called back today at 9:45 Too bad and too late.

Erv Fleishman
Realty Associates - Boca Raton, FL
Luxury Prop Specialist Realty Associates

He who hesitates is lost. 

Problem here is that the realtor got punished so to speak for the lenders slow response. 

Nov 21, 2012 02:15 AM
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Will buyers need to understand the importance of having all their ducks in a row - so to speak - before they submit and offer and that means having their lender on call.  I am not surprised anymore how many times I have improper  qualification paperwork and/or lack of proof of funds.  The kicker is there always seems to be muliple bids and they have no idea they're not going to win the bid.  So So important post!

Nov 21, 2012 02:17 AM
Daniel J. Brudnok, REALTOR
Berkshire Hathaway Home Services Fox & Roach, REALTORS - Exton - PA License #RS-225179-L / Delaware License #RS-0025038 - Downingtown, PA
SRES, e-PRO,ABR,GREEN,CSP

Hi Wil,

You represent only the Sellers interest and sounds like you did a great job!

Have a safe and Happy Thanksgiving

Nov 21, 2012 02:19 AM
Shannon Milligan, Richmond VA Real Estate Agent/Associate Broker
RVA Home Team - Richmond, VA
RVA Home Team - Winning with Integrity.

Life certainly does have a way to lea you down the path it wants you to take. Congrats on the contract!

Hope you have a Happy Thanksgiving!

Nov 21, 2012 02:40 AM
David Grbich
Realty One Group - www.FindCARealEstate.com - San Juan Capistrano, CA
Orange County Real Estate - 949-500-0484

Buyers cannot afford to miss a beat in this market. As I write this comment I have an offer rolling off my fax machine and worried that we are missing a narrow window of opportunity! Urgency is the key at all times!! Regards Dave

Nov 21, 2012 02:48 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

That agent is going to be sorry they were out of touch.  And I hope they don't pull out some ridiculous, real estate "truth" (HA) like the ones I hear in situations like this, "You can't accept another offer without hearing from us first."  

Nov 21, 2012 02:49 AM
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Hi Will, you are doing a great job for your seller. Timing is important with the hot market in Denver.

Nov 21, 2012 03:24 AM
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Will - Better contract gets the deal. How nice for your clients that agent didn't have his act together - we're not in a market right now that forgives any mistakes. And I'm glad out lender works evenings and weekends. Have a great Thanksgiving.

Nov 21, 2012 03:48 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Hi Will.... glad you had another offer come in..... one day to return a call is much too long....

Nov 21, 2012 06:14 AM
Cal Yoder
Keller Williams Elite - Lititz, PA
Homes For Sale in Lancaster PA - 717.413.0744

It is funny how things work out. You do have something to be very thankful for. I am sure you have much to be thankful for. Have a great Thanksgiving.

Cal

Nov 21, 2012 08:26 AM
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Swinging by to wish you and yours a Happy Thanksgiving Will...

Nov 21, 2012 10:26 AM