Not Every Buyer Eventually Buys a Home
Dear Mr Buyer:
I am saying goodbye as we have nothing more in common. You asked me to provide you with good service and I did just that. You asked me to inform you about how to buy a home and how to get you to the finish line and move in. When you asked me to promise things, I told you that I NEVER promise anything, but I did tell you that I would work only in your best interest and that if we worked together you would be a homeowner soon. I did tell you that a short sale was NOT the easiest route, and it would be plagued with obstacles and time delays. Against my advice, you wanted to try one anyway. This was after you lost the first house we found. That home, although great value needed a bit of work that you weren't sure about doing.
We did all the right things in our new deal, and this home was poised to be a winner from day one. I knew the agent handling the deal, and there was an experienced real estate attorney working the short sale negotiations. The sellers were highly motivated. A previous deal on the home had fallen apart because the buyers failed to secure their mortgage commitment. We knew that your home to be would appraise, and that we could even get you some much needed seller concessions.
Things were going along smoothly, very smoothly, but you did not want to wait. You even did a home inspection that proved the value of the home was good and the home was perfect for you. Yet you bailed.
Banks work on their own time-line. You knew that as we discussed this at length. Thing is, you wanted to be in a home this summer. You thought maybe if you bailed on this deal, you could start over and look at more homes and get to the closing table faster. The problem is a bit more complicated than that. You are in a hot price range. Most of the houses available at the price point you are at, are either shortsales, or needs a ton of work. Since you are going with an FHA mortgage and need seller concessions that limits your choices.
Of course you can start over. Problem is you will need to sift the through the inventory and look at every house in the proper price point. Again, you will seek out homes that are not what can work for you. If you don't listen when homes are not going to work for you with either comps or amount of work needed, you will again be looking at homes out of reach.
This is the second home we worked together on. While this might be something that you are okay with and prefer, I can't do this again. We don't see eye to eye on the approach to getting you to the finish line. Starting over is not the answer. I am afraid that we need to break up. It is hard to say good bye.
My guess is that you will begin with another agent and find something to put an offer on. You will negotiate a deal and then do another costly home inspection. Something else will happen during this time. It will either slow down the process or the house won't appraise or FHA will require the owner to do some repairs. A likely scenario will be the repairs are not something the owner can or will do and again another deal falls apart.
As an experienced real estate salesperson, my job is to help navigate the issues that come up during the process and give you choices that are with the least amount of risk from start to finish. I want to show you homes that are a logical choice and provide you with information allowing you to make educated decisions. I am not someone that can keep showing you homes when you keep changing your mind for reasons that are not sound.
I never make promises, as I am not in control of all parts of any deal. What I can say, is that I work hard for all my clients to provide great service in every way possible. Sometimes the parting of ways with a client and a realtor is just smart business.
I wish you well, Mr. Buyer, and hopefully you will find what you are looking. Until then, enjoy the journey. I predict the path is going to be a lengthy and most likely expensive time for you.
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