Every sale, every transaction is different. Even when you think you have negotiated a slam dunk deal, something can go wrong. However, it can be especially unnerving when the best deal you can make is loaded with contingencies, being funded by a bank with a poor track record or working with an agent that is out of step with the closing process. It can be like riding a roller coaster. One minute you are chugging along slow and steady, the next barreling down into the unknown.
Riding a roller coaster at an amusement park can be fun if that is what excites you. But real estate transactions probably work best when everything is slow and steady. If not, all you can do is hold on tight.
Recently, I had the good fortune to close a sale on a home that was a roller coaster ride from the initial offer to the COE. It was a multiple offer situation, but what I thought to be the better offer walked away. While we were able to negotiate with the second buyer with better success. I cautioned my clients, at the time the offer came in, that this one is risky. But the dollars where right, the timing was good, so the sellers were willing to take the risk.
Well, we got a few cheap thrills along the way. We experienced poorly prepared documents, missed deadlines, and poor communication. It was a wild ride. But we made it to the end.
So all’s well that ends well. I am just glad I didn’t throw up. I hate when that happens.
Joe Domino is a Realtor® serving the Phoenix & Scottsdale metro area. You can find more great information by visiting his website at www.Scottsdale-AZHomes.com.