Sometimes you have to change direction

Good work, Nick. It really is all about what is best for the client. Your seller must be pleased with the outcome despite changing course.

Jeff

Hi, Nick. Glad to see this post featured by Kathy. As others have said, you can never go wrong by doing the right thing for your client.

Nick for me it has always been about the clients and the money comes sometimes later... now you can market it as an investment property with great tenant in place:)Endre

Spot on with this post. And yes, many times we have to take a step back in order to move forward.

Nick my point being you could tell the client that you could sell it as an investment property with tenant in place just my two cents, Endre

Nick,

As a realtor, one thing I have realized over my career, "Everything has a shelf life." Multiple changes have taken place since I first got into the business. One of the important aspects of being successful as a realtor, keeping the public informed of what's what! Like other factors we deal with as a society, the general public's awareness of current real estate market conditions, ie.... pricing trends, inventory status and mortgage interest rates, can lag behind reality .... for up to several months.

You "hit the nail on the head" when you shifted the "game plan" and found an alternative to address today's present real estate market conditions. 

As a waterfront realtor, I run into the following situation with frequency. I inform a buyer of a a new listing which has come on the market. I explain to them "with vibrato", "this property won't stay on the market for long!" We need to view the property ASAP and react accordingly. Unfortunately, a great number of buyer's haven't fully prepared themselves to a point where they have made decisions with many aspects involving a real estate purchase. As a few hours turns into a couple of days, the "hand-wringing" continues. Unfortunately, in most cases, I have to inform the potential buyer, "You're too late", the property is under contract.

After suffering a few "rejections", some potential buyer's lose interest. They don't recognize the problem they themselves have created. Wondering about qualifying for a mortgage, how much they can afford to invest, a property's location and whether their new home must have ten foot ceilings, should have been determined before the potential buyer considers beginning his search.

Here's a suggestion for every potential buyer. Make an appointment to discuss with a "veteran" realtor, all aspects/factors regarding one's purchase of a suitable property. Make a written list of questions beforehand. The biggest mistake many buyers make, they don't share with a realtor, the details regarding their particular situation.

If one shares his situation with a realtor .... if a desirable property, meeting his needs, comes on the market, he'll have "first crack" at evaluating the listing for consideration. 

In finality, buyer's should accept the fact, "getting everything you want" is not going to come to fruition. As an example, imagine finding the perfect property, with one exception, "it doesn't have a three bay garage?"   

Preparing oneself to make adjustments/shift gears, separates those who purchase property versus those who "keep looking".

Today, "Changing direction" has become part of the process!

I love stories like these- a happy (if different) ending for the client.

As a seasoned realtor I am blessed knowing that I won’t starve if I let a transaction go and instead do the right thing by my client - and sleeping well at night with a clear conscience has its own rewards

Nick Vandekar, 610-203-4543 - I never heard of another agent writing a blog post on "taking another direction." This is a great article and clearly your consultation with your client proved, you had his best interest at heart. Someday, when the market shifts and the lease is about up, or perhaps the tenant wants to buy this gorgeous man's house, you'll be there and there will be no question in the owner's mind about who to list with again. 

Thanks, Nick, for sharing this story.

Enjoy the holiday and have an outstanding month.

Good Monday morning, Nick.

Have a great day and a very productive week.

You ABSOLUTELY did the right thing, Nick! And, look at how well you pivoted - you even got your client to do so as well!! GREAT job!