Doing Whatever it Takes in a Challenging Market

Real Estate Broker/Owner with Texas Best Properties, LLC

In this market, I feel like I have to be ready to do just about anything to keep a deal together.

Recently, while participating in a difficult set of transactions, that I thought were almost complete, I was called by the title company to advise me that the buyer had not shown up for closing.  It was late in the day and I was pretty reticent about calling the sellers and letting them know that one more thing had gone wrong and that they would not be moving over the weekend after all.

While speaking with the buyer's agent, I learned that the buyer had gotten lost on the way to closing and was no where near the title company.   When he realized where he was, he began speeding and was stopped by the local Police Department.

Although an upstanding young man, he had a delinquent traffic ticket on his record, and the police officer gave him a ride to the police station instead of the title company.  The buyer's agent had to take the buyer's 5 year old twins home with her because the buyer's wife also had an outstanding ticket.

I called the police lieutenant and asked if we could close him at their location, since he was just sitting in an interview room, waiting to pay his tickets and be released.  At first, they hesitated, but after much discussion and persuasion on my part, they agreed to let us come and have him sign his closing papers. 

The title company escrow officer met me at the police department, had him sign the documents and we left a new buyer who was just a little red-faced over his situation.  He was grateful, however, that he and his family would be moving after all and was quite surprised that we could accomplish this closing in such a non-traditional setting.

He told us that he had just vacated the apartment they were living in and they had no other place to go, if we did not close.

With just minutes to spare, the documents were faxed in and the transaction was complete, including funding of several loans that were dependent on this particular closing.

While I don't think we did anything extraordinary, we were able to help a bunch of anxious buyers and sellers.

Our new "mantra" is We will "Close you Wherever You Are and Will Do Whatever It Takes..."

Comments (3)

Nance Burdette
Keller Williams Realty Partners - Spartanburg, SC

Congratulations...and Welcome on signing as a new member of ActiveRain. Being a new member myself going on my fourth week and only posting a few blogs so far, I truly see the awsome advantage that this truly can be; (and it's fun) and only the beginning of a healthy and wealthy relationship of abundant professionals. Everyone has been so very kind. And so much to read!!! Hope to see your blogs in the future.  And PS what a great story.   Best of Luck to all of us,  Nance

Sep 17, 2008 03:25 PM
Renee L. Norton
Birmingham, AL

Talking bout going the extra mile.  I am amazed that you were able to accomplish all of that.  If the same situation had occurred here, the buyers would have had to bond out of jail and then have additional fees and court costs to pay.  In addition, they would have been behind locked doors until they bonded out and no one would have been allowed in the same room with them except the police and perhaps an attorney, if said attorney were being retained to represent them in court related to the traffic tickets and subsequent arrest.  Here it is all about revenue and they pile on as many charges as possible.  I have known of them ordering an intoxicated passenger - NOT DRIVER - out of a car and then because they were now in "public" charging them with public intoxication, disorderly conduct and anything else they could dream up.  Believe me I am not in favor of drunkenness...we just have some police officers that abuse their powers because they can.

Sep 17, 2008 06:12 PM
Sasha Miletic - Windsor Real Estate
RE/MAX Preferred Realty Ltd. - Windsor, ON

Hi Jackie, Welcome to AR, Be a Blogholic and start writing your own blog soon on AR. All the best for your RE business. This is the right place for customers, friends, realtionships etc.

Best - Sash 

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Sep 18, 2008 12:46 AM