Crazeee but is it true or fake!

By
Real Estate Agent with Long & Foster Real Estate Inc 610-225-7400 PA License - AB067198

We have a car dealer in our area who always uses the expression Crazeee! to describe their low prices. Well this deal was not a crazee price, but was the deal where both agents ended up almost moving into the house being sold.

Keep calm

Everything began in a very normal way, a contract was presented, a little low on the offer, Crazeeee! but other terms were not so bad. The sellers decided they would counter, lowering their price just a little to indicate they wanted a much higher price than the Crazeee offer. After receiving the buyers love letter none of us expected the next step, the buyers cancelled their offer.

Their buyers' agent was confused, not like my clients she said, I have sold them several homes. The sellers were not particularly concerned as they had some time before moving. But time passes and moves on, so eventually they decided to lower their price and they moved out of the house. It was the height of summer.

Somehow, the air conditioning was turned off, maybe by the movers. Well, that lower price caught the potential buyers attention and they visited the house again and found WATER in the basement and made another offer. Terms were agreed, the HVAC system was checked as it was leaking water and repaired. We set the AC system and the buyers did their inspection.

Several items came up, negotiations were conducted and everything was agreed with agents reducing their commission to make this deal come together in a timely manner. Work was done. Receipts gathered. Settlement approached. The sellers were out of town, having relocated for a job. The listing agent checked the house, it still seemed hot, then discovered that a thermostat upstairs over-rode the one downstairs so the air conditioning was still not working. Thermostats were set for the buyers walk through.

The house was lovely and cool, but again the buyers found water in the basement, we quickly called the HVAC company and they sent a technician to fix before settlement. But, alas the system had frozen. It would take several days to thaw out. All that water had to be mopped so the listing agent visited the house several times a day to make sure it was dry.

The buyers wanted a new HVAC system, the sellers refused and the agents tired to calm everybody down. But the sellers demanded a very large sum of money, then reduced it by half to settle today.

The sellers refused saying the warranty for the work on the HVAC system would cover the repair. This went on for several days and eventually the system was repaired. Settlement was reset, but the buyers were not happy and were still demanding a cash incentive to come to settlement. They badgered and threatened their agent who advised them to talk with an attorney. They were advised by attorneys not to miss settlement, but they refused. The two agents were trying to get this to close and the buyers agent offered more of her commission to the buyers to get this home sold. Both agents were going to the house several times a day to make sure the HVAC system was working correctly and no longer leaking.

At last, settlement day arrived, the sellers had signed everything by deed package and the buyers turned up, eventually. As papers were signed, both agents looked at each other realizing they had probably spent more time in the house sold than in their own over the last week. But commission checks were issued, maybe a little smaller, but the sellers were very happy and gave a wonderful review to their listing agent, and both agents agreed a drink was in order to celebrate this deal which both thought was never going to close, but did.

 

Posted by

 

Nick Vandekar
Nick is a Tredyffrin Easttown Residential and Commercial REALTOR selling The Main Line, Chester, Delaware and Montgomery Counties.

Giving you the confidence to make
the right decisions.

92 Lancaster Avenue
Devon , PA 19333
SellingTheMainLine.com
Mobile: (610) 203-4543 [call or text me]
Email Me

 

My Blog

   

If you are buying or selling on or around
Tredyffrin Easttown or along the Main Line, 
we can help you, contact us.

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Rainmaker
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Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

That was a crazeeeee one, Nick. I'm glad the agents still had enough money coming from their commission checks to afford a celebratory drink. 

Dec 02, 2019 12:33 PM #1
Rainmaker
816,600
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Carol Williams we both needed a drink after that one.

Dec 02, 2019 12:38 PM #2
Rainmaker
4,582,602
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nick Vandekar, 610-203-4543 definitely a crazee story, and I enjoyed the telling of it , and I need a drink after reading it!  LOL A

Dec 02, 2019 12:48 PM #3
Rainmaker
816,600
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Ron and Alexandra Seigel I think I need a Martini after writing about it again.

Dec 02, 2019 01:09 PM #4
Rainmaker
3,433,843
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Nick - CRAZEEEE seems to be just a small part of this story.  

Dec 02, 2019 02:45 PM #5
Rainmaker
3,861,317
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good evening Nick Vandekar, 610-203-4543 ,

Isn't it amazing how sellers and buyer look to the real estate agents for compensation for a defect in the house. CRAZEEEE!!

Dec 02, 2019 06:30 PM #6
Rainmaker
816,600
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Michael Jacobs that is very true.

Dorie Dillard CRS GRI ABR yes, and in this case they just wanted money back, there was nothing wrong, everything had been repaired and was covered by a warranty. It felt very wrong to me.

Dec 02, 2019 06:51 PM #7
Rainmaker
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James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Nick.

This was a crazy deal, good to hear it all worked out.  Make it a great day

Dec 03, 2019 02:08 AM #8
Rainmaker
2,654,980
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

That doesn't sound like a very fun transaction at all and it is always crazeee when an agent is having to cut their commission to make a deal work, especially since it is likely a deal they are working overtime to get done.

Dec 03, 2019 06:12 AM #9
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John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

Nick!  That story is CRAZZZZYYYYYYYY

crazy

Dec 03, 2019 11:48 AM #10
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Anna Banana Kruchten CRB, CRS
Phoenix Property Shoppe - Phoenix, AZ
602-380-4886

Hey Nick Vandekar, 610-203-4543 wow that is one crazeeeee story! I'd say more than one drink was in order after it closed. Holy smokes!

Dec 03, 2019 01:39 PM #11
Rainmaker
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Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

I'd say that was a well desserved drink - or three. Those buyers needed a trip to the woodshed.

Dec 03, 2019 10:07 PM #12
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Yes, it seems we all need a drink after reading this one, Nick. Good grief, congratulations on hanging in there to get it done. Wow. 

Dec 04, 2019 07:00 AM #13
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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

Nick Vandekar, 610-203-4543   
Had to come by and see your "new" look courtesy of hard work and our wonderful Craig Daniels. 
Now - yes - what a lot of drama! Glad it finally closed!
All the best - Lynn 

Dec 06, 2019 06:32 PM #14
Rainmaker
816,600
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

James Dray it was crazy and glad it settled.

Brian England love the new photo and it wasn't any fun at all.

John Meussner thanks for the clip, I had not bothered trying to find it, but it adds a lot to the post.

 

Dec 09, 2019 08:44 AM #15
Rainmaker
816,600
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Anna Banana Kruchten CRB, CRS I am not disclosing how much was consumed.

Marte Cliff I like the second part of your comment.

Debb Janes EcoBroker and Bernie Stea JD I am glad it was all over and I could get back to my life.

Lynn B. Friedman it was and yes the new look is in place, I love it.

Dec 09, 2019 08:46 AM #16
Rainmaker
1,516,126
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Oh the high drama!  This is why they invented agents... to keep the buyers and sellers at arm's length so they don't strangle each other.

Dec 09, 2019 01:22 PM #17
Rainmaker
816,600
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Georgie Hunter R(S) 58089 my seller was ready to put it back on the market, he was really fed up with them.

Dec 09, 2019 08:45 PM #18
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Wow, Nick, that IS a crazee story. Lots of twists and turns in this tale! Congratulations.

Jeff

Dec 12, 2019 04:19 PM #19
Rainmaker
816,600
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Jeff Dowler, CRS thank you and Happy Holidays, enjoy Carlsbad.

Dec 13, 2019 11:45 AM #20
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Nick Vandekar, 610-203-4543

Tredyffrin Easttown Realtor, Philly Main Line
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