My craziest deal - The money is in the suitcase

By
Real Estate Agent with John L. Scott Sp34627

It was during the foreclosure crisis.  I must have picked them off via Zillow or Trulia.  They were a couple.  The woman was very pretty and the man seemed sort of macho with tats.  They told me they could buy a home and were prequalified.   They wanted to see property with some privacy.  They seemed to want to see some expensive property and bid low.  I located a wonderful property with a beautiful views of the foothills and the city.  The house wasn't too nice but they wanted to bid low and the offer was refused.   They paid their earnest money in money orders.  That was really unusual. 

I didn't think much about it until they called me again to see more property.  This time they wanted isolated property.  I was a little uncomfortable with them by now.  For some reason my gut reaction was not to deal with them again.   As I drove to the 10 acres in Kuna I called a friend and fellow Realtor and I gave her the address of where we were going.  She wrote it down and I was to call her when I was finished.  She would call me 30 minutes after we started.   The land was nice but the house had some issues.  They loved it and wanted to put an offer on it.   I wrote up another low ball offer.  It was fairer since the house was in rough shape. 

We were sitting late at night at my office signing the new contract.  I asked them for proof of funds to strengthen our offer.  They told me they were paying in cash.  I then explained that proof of funds is useful so that your offer is stronger.  They told me the money was in their suitcase.  By now many warning bells were going off.  They had always treated me OK but they were strange.   I explained to them that title did not take cash over a certain amount.  They would have to put the cash in the bank or get a loan so the money could be transferred properly.  Once again they paid the earnest money in a money order.  My broker did not accept cash for earnest money.

Turns out we didn't get that contract either (no surprise there).  They collected a check for their earnest money.  I took a picture of their license plates.  I looked them up via their address and couldn't find anything in their names in California.   I called a friend who was in the police department.  After checking them out he told me that they were not good people but he couldn't tell me about them.  He told me to make an excuse but never meet with them again.   He also told me to trust my gut, and that no deal was worth working with people that you didn't trust. 

I never pack.  I do not like guns.  After that experience I understood why some of my fellow agents pack.  That is my craziest deal. 

I have other stories but this one stands out in my mind.

The money is in the suitcase

Posted by

 Debbie Holmes

John L. Scott Real Estate

  

(208)761-2551 Email: d5holmes@msn.com

To search Boise Homes visit my website

 

Comments (10)

Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Debbie - real estate seems to create situations where stories of all varieties seem to come to life and find "home".  Learning to trust that gut instinct is one of the more important lessons we learn.  In this industry and in life.    

Dec 04, 2019 06:44 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Wow Debbie, That is the old way of doing business when people this not trust banks

Dec 04, 2019 07:42 AM
Debbie Holmes
John L. Scott - Boise, ID
Gets the job done!

Not sure that is why they didn't have proof of funds.

Dec 04, 2019 08:18 AM
Anna Banana Kruchten CRS, CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Hi Debbie Holmes great entry to the contest!  That's a creepy story and thank goodness you called your police friend to figure out the scoop. Always follow your gut instincts is the moral of this story.

Dec 04, 2019 10:34 AM
Gwen Fowler-864-638-3599 SC Mountains Lakes Homes
Gwen Fowler Real Estate, Inc - Salem, SC
Gwen Fowler Real Estate, Inc.

Always trust your gut. Something is very off about this crazy couple. Thanks for sharing your story. 

 

Dec 05, 2019 06:08 AM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Debbie- definitely gave me the creeps feeling!!! This is one of those tales that's a reminder to trust your gut. 

Dec 07, 2019 01:18 PM
Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

reminds me of a transaction I had where the buyer said they were rich and could afford the house which they were buying for their friend. It never happened.

Dec 09, 2019 08:15 PM
Raymond Henson, SRES, GRI
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

That was a wild one.  I guess cash is not always king! 

Dec 10, 2019 05:19 PM
Debbie Holmes
John L. Scott - Boise, ID
Gets the job done!

I don't think they had cash.

 

Dec 11, 2019 05:39 PM
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I suspect that they did have the cash Debbie Holmes 

Buying a large ticket item...real estate...with cash would be a great way to launder illicit cash. That is why escrow/title companies will not accept large amounts of cash.

Dec 18, 2019 05:29 PM

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