ALWAYS Have a "Plan B"

By
Real Estate Agent with EXP Realty 414-525-0563 57026-90 Broker

    You just never know when you have a listing...the first buyer may write an offer....an inspection may require an amendment...a price reduction...some other contract condition may arise. 

   Mickey Mouse Ears   That is a part of what makes real estate interesting....like the old days of Mickey Mouse Club....any day is

                         "Anything Can Happen Day"

  That can mean that one person is called out of town on business....an accident....serious illness of one of the sellers or a family member that may make signing a piece of paper or producing a document seem trivial by comparison....and yet, we know that real estate "rules" are that TIME IS OF THE ESSENCE.alarm clock The contract clock waits for no one...not until the vacation has concluded, the lllness recovered from....the business trip completed. 

  While in these days of digital/electronic signatures one could easily "Assume" that you could always get a signature in some manner....we all know what ASSUME means....and we can all think of experiences/situations where even that may not be easily accomplished. Time zones are different...talk about not being on the same page...you can sometimes not be on the same day !

      Be sure when you taking that listing as an agent...OR when you list your house as a Seller...you have a power of attorney in place so that for all things related to that real estate transaction, the response can be done in a timely manner...and no buyer walks away or transaction is delayed....cancelled or in some other way prevented from the "happily ever after" closing everyone had envisioned.happily ever after

    If you are a Seller in southeastern Wisconsin looking for agents who are "good scouts"...always prepared and always have a PLAN B....Call the Hansons...we would be honored to be service to you for all things real estate.

Posted by

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS


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Re-Blogged 3 times:

Re-Blogged By Re-Blogged At
  1. Cheryl Ritchie 05/19/2013 02:33 PM
  2. Praful Thakkar 05/19/2013 03:47 PM
  3. Rosemary Brooks 05/19/2013 06:40 PM
Topic:
Real Estate Best Practices
Tags:
hansonrealestatenet
being prepared in real estate
power of attorney for real estate transactions

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Rainmaker
636,085
Scott Fogleman
New Home Team 804-573-9592 - Richmond, VA
New Home Team

The Hansons are the only ones to call in Wisconsin for real estate

May 19, 2013 06:26 AM #18
Rainmaker
3,255,308
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

You bet Sharon....Thank you Scott...very sweet of you to say !

May 19, 2013 07:21 AM #19
Rainmaker
399,301
Kerry Lucasse
eXp Realty - Urban Nest Real Estate Group - Atlanta, GA
Your Urban Nest Atlanta Real Estate Consultant

I may have missed the Micky Mouse Show by a few (just a few!) years, but they hit the nail on the head!  Lately, I try to be ready for Plan B, C and sometimes D.

May 19, 2013 07:48 AM #20
Rainmaker
565,466
Jordon Wheeler
The Jordon Wheeler Group - Fairburn, GA
J W Group Real Estate Sales and Service

Hi Sally and David,

Always be prepared.  Contingency plans especially around lending and loan approvals.  Great post and congrats on the feature!

May 19, 2013 08:09 AM #21
Ambassador
2,994,611
Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

In order to have a Plan B, you must first have a Plan A. I learned that from Carra Riley.

May 19, 2013 09:57 AM #22
Rainmaker
2,704,775
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Hello Sally and David,

The best stress prevention is by having contingency plans ready to enact!

 

May 19, 2013 10:16 AM #23
Rainer
314,644
Jimmy Faulkner
Florida. Homes Realty & Mortgage - Wantagh, NY
The Best Of St. Augustine

Listening is an important aspect of the RealEstate business & be able to see things coming is very important. We have to anticipate things that can happen & have a plan to take of any problems.

May 19, 2013 10:16 AM #24
Ambassador
3,874,302
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Sally & David- got to have a Plan B.  It must be the Girl Scout training we had. 

May 19, 2013 10:53 AM #25
Rainmaker
3,255,308
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Plan  A Margaret is the "What is"....Plan B is the "What if...."

 

Planning ahead for the if...the Scout in us....the Be Prepared is the best way to avoid disaster....

 

May 19, 2013 12:14 PM #26
Rainmaker
1,078,675
Gary Frimann, CRS, GRI
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

Always have a plan B indeed.  Worst case scenario I can remember was about 25 years ago, and the buyer died over the weekend and doc were being Fed Ex'ed into title on Monday.  Total failure.

May 19, 2013 01:39 PM #27
Rainmaker
1,143,921
David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

Gotta be prepared, Anything can and usually does happen.

Plan B maybe even a Plan C on occasion!!

May 19, 2013 01:46 PM #28
Rainmaker
2,763,772
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I might modify that statement and say to be flexiible. But we should not be rigid as some people are. :)

May 19, 2013 02:28 PM #29
Rainmaker
2,539,966
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

I couldn't agree more about having a Plan B.  I shuffled through life with Plan A, while having Plan B on the back burner.  About 5 years ago, there was a seismic shift in the marketplace, and it was a well thought out Plan B, which has carried me through!  Heck, I'd even suggest having a potential Plan C out there too!

May 19, 2013 02:53 PM #30
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Yes Sally and David, a backup plan is always essential, and having an experienced agent to guide buyers and sellers is the most important step toward not needing the backup plan.

May 19, 2013 03:18 PM #31
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Sally, David, Plan B is surely essential - however I have seen those back up offers as plan B disappears soon when Plan A of the first accepted offer did not work as planned! 

Irrespective of anything, Plan B is essential.

May 19, 2013 03:45 PM #32
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2,008,677
Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

Sally and David - Back up plans are important and so is doing things ahead of time when possible.

May 19, 2013 04:37 PM #33
Ambassador
901,727
Lynn B. Friedman
Atlanta Homes ODAT Realty Call/Text 404-939-2727 Buckhead - Midtown - Westside -- and more ... - Atlanta, GA
Concierge Service for Our Atlanta Sellers & Buyers

Dear Sally and David -

Folks don't want to think that anything can go wrong but it could as you say.
Being prepared means the transaction road stays smooth.

Have a happy day -
Lynn

May 19, 2013 05:27 PM #34
Ambassador
566,489
Rosemary Brooks
BMC Real Estate - 209-910-3706 - Stockton, CA
The Mother & Daughter Realty Team

In some cases, plan B turn out to be a better plan than A.  Keep one in your hip pocket, in case you need it!

May 19, 2013 06:38 PM #35
Rainer
76,818
Rob Lyszczarz
RE/MAX Properties Unlimited - Westfield, NJ

Sally and Dsvid. You have clearly invoked some good opinions amoungst the community.  Notwithstanding all of these, it is always a good idea to have a plan B in your pocket.

May 19, 2013 07:27 PM #36
Rainmaker
594,825
Laura Giannotta
Keller Williams Realty - Atlantic Shore - Little Egg Harbor, NJ
Your Realtor Down the Shore!

So True Sally & David.  I remember waiting at the hospital from our attorney when my Mom was very ill so she could sign the power of attorney documents for the sale of her home.

May 19, 2013 09:19 PM #37
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Rainmaker
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Sally K. & David L. Hanson

WI Realtors - Luxury - Divorce
For All Things Wisconsin Real Estate...Call the Hansons
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