When The Horse Is Dead...Dismount

By
Real Estate Broker/Owner with HomeRome Realty 410-530-2400 311291
https://activerain.com/droplet/4Zdm

 if horse is dead dismount Margaret Rome

 

It is not pleasant when a transaction fails to close. Thank goodness this does not happen often. In real estate, there are many reasons that settlement may not happen.

Here are a few of our challenges...

 

=Financing 

=Appraisals

=Condo and association issues

=Contingencies

=Home inspection

=Personal crisis -illness, death, divorce

=Title issues

=Code violations

=Buyer and seller remorse

=Change in employment or transfer

 

But there is another one that is a challenge to deal with.

 

=Analysis Paralysis which is the state of over-analyzing or over-thinking.  This  goes along with involving and asking many others, not involved in the transaction, for their opinions.  Decisions or actions are not completed  and the effect paralyzes the outcome. This  does not mix well with buying and selling.

 

As  professionals, we need to manage the contingency dates and the inspections. We need to stay in close contact with our buyers, sellers, co op agent, contractors, appraisers, title company, lender and anyone else involved. As professionals, we need to recognize when the deal is no longer viable and say

 NEXT !

 

When the horse is dead...dismount!

 

Margaret Rome 410-530-2400

 

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Re-Blogged 2 times:

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Rainmaker
705,458
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Agree Margaret. Sometimes, you gotta call it done. 

When in a hole, what to do? Stop digging.

Dec 31, 2016 03:22 PM #11
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Analysis paralysis happens all too often with real estate professionals, or even buyers and sellers.  Moving on is the only thing to do when the deal is dead.

Dec 31, 2016 03:44 PM #12
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Jeff Dowler, CRS
eXp Realty of California - Carlsbad, CA
The Southern California Relocation Dude

Hi Margaret

I love the analogy. When it's done, it's done and it's time to move along.

Happy New Year!

Jeff

Dec 31, 2016 04:02 PM #13
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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Margaret- wise words from you but I would expect nothing less.  Sometimes the best thing to do is say "enough" it's in the best interest of us all to move on. 

And.... I wish you a very Happy New Year!!!!

Dec 31, 2016 04:23 PM #14
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Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Margaret, this is priceless!  It's a bummer when it happens, and clearly you know how to get through it with grace and humor - not to mention great advice. And it's made my all time favorite ActiveRain post list!

Dec 31, 2016 05:16 PM #15
Rainmaker
686,809
Hella Mitschke Rothwell
(831) 626-4000 - Honolulu, HI
Hawaii & California Real Estate Broker

Unfortunately, or fortunately, I've seen some horses stagger back up and drag themselves to the finish line. And I don't like to have another agent do the dragging.

Jan 01, 2017 02:28 AM #16
Rainmaker
751,944
Andrea Bedard
Thompson Company, REALTORS® - Silver Spring, MD
M.A.; REALTOR® Silver Spring, MD and beyond

I've had to practice the art of dismounting Margaret but can do it quickly now. Thankfully I haven't had to do it often! 

Have a spectacular 2017! 

Jan 01, 2017 03:24 AM #17
Rainmaker
836,210
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Thank you for the humor whilst dealing with how to move on. It is good to keep our humor and may help us deal with the other feelings which arise.

Jan 01, 2017 04:58 AM #18
Rainer
552,661
Sham Reddy CRS
H E R Realty, Dayton, OH - Dayton, OH
CRS

Always a great piece of advice from Margaret!!!

 We need to stay in close contact with our buyers, sellers, co op agent, contractors, appraisers, title company, lender and anyone else involved. As professionals, we need to recognize when the deal is no longer viable and say

 NEXT !

When the horse is dead...dismount!

Jan 01, 2017 05:47 AM #19
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Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

When the buyers get their first glimpse, it looks very shiny.  As the process starts to evolve, the shine starts to dull and it can reach a point where they see it for what it truly is and then the problems escalate.  The shine needs to be toned down before the true image can appear

Jan 01, 2017 05:47 AM #20
Rainmaker
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Lets also point out that those who BEAT a dead horse are suspect as well...

Jan 01, 2017 07:15 AM #21
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Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

We just need to move on to the next deal and learn from it.

Jan 01, 2017 01:34 PM #22
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Margaret Rome, Baltimore Maryland - great advice.

Most of the time, learn the lessons from this and move on!

Jan 01, 2017 03:22 PM #23
Rainmaker
3,055,915
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Margaret Rome, Baltimore Maryland "As professionals, we need to manage the contingency dates and the inspections. We need to stay in close contact with our buyers, sellers, co op agent, contractors, appraisers, title company, lender and anyone else involved."

Right on target - and - re-blog!

Jan 02, 2017 04:13 AM #24
Rainmaker
408,493
Marnie Matarese
DWELL REAL ESTATE - Sarasota, FL
Showing you the best of Sarasota!

Thanks for validating a listing I just surrendered because it has failed to close twice now and the things that need to be done by the sellers will never happen. I have fallen but am getting right back on the horse... the new one.

Jan 02, 2017 02:57 PM #25
Rainer
48,841
Lisa Hernandez
Opes Real Estate Group - Kendall, FL
Realtor serving Kendall, South Miami & Pinecrest

Terrific point... thanks for sharing and congrats!

Jan 02, 2017 05:09 PM #26
Rainmaker
732,843
Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
HomeSmart Real Estate - Scottsdale, AZ
Arizona Homes and Land Group/ Buy or Sell

Thank you Margaret Rome, Baltimore Maryland. I agree, time to move on. I will reblog 

Jan 22, 2018 07:18 AM #27
Rainmaker
5,217,908
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Margaret Rome, Baltimore Maryland what a great post.... and I fully agree... there's no point in "beating a dead horse".... and I always preach this.... let it go and onward and upward....

Jan 22, 2018 07:30 AM #28
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Thanks Jeffrey Masich- Associate Broker,MBA,GRI appreciate the reblog of this older post.

Jan 22, 2018 05:13 PM #29
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Barbara Todaro Don't beat just get off!

Jan 22, 2018 05:14 PM #30
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