The truth as I see it
Well an amazing thing happened to me … I lost my first listing. Yes it hurt. I am sure you have seen time and time again where realtor signs are replaced my new realtor signs, happens everyday…. but never has mine been replaced until now. I guess it has been 7 years, it was bound to happen eventually. OK so this is how it went down. I got a buyer for my listing so quick (35 days!!) But this buyer happened to be a loan officer (should be great right! Not this time) well apparently this buyer/loan officer’s check bounces….. Then the seller is mad at me….. Yes I know I didn’t write the check or take out all of the money from her account and cause it to bounce but the seller was mad at me. Then the buyer wants out of the contract… I think she couldn’t get the loan, not positive though. The seller is mad at me again and obviously my sign comes down…. L Now I realize that some sellers are as uneducated about my career as I am about theirs. Kinds obvious you say……I know. I should have taken more time to explain to this seller (or maybe she should have listened) that right now due to all of the foreclosures, the real estate lending industry has tightened up it’s lending criteria causing buyers everywhere to not be qualified anymore. This is happening everywhere…..
I couldn’t help to add this but this is yet another reason why I think now is the best time to get a home because most sellers are coming out of denial and lowering their prices and the rates are still low. Unless we have a major depression …(I can’t see that happening) prices are not going down that much! However the rates are on the rise…. causing you monthly payment to go up. Call me 571.292.5377 for the worksheet I have showing the payment differences….
OK Back to the story, Now usually I would contact the loan officer and find out the details on the buyer, but when the buyer is the loan officer, things work quite differently… Let’s all remember Realtors don’t run credit or collect financial information, that is what loan officers do. With all of this being said, if the true intent is to sell, then a seller will jump right back on board (so what if they have packed their house, they are moving anyways….) no whining, no complaining, put their house on the market and carry forward. If you are in this situation be positive and look ahead. As far as me…. Yeah losing my first listing hurts but I can chalk this up as another learning experience. I have learned the more educated the sellers and buyers the less likely this situation will arrise in my future. So I will continue educating myself so I can educate you and help you make better decisions. And that my friends is the truth as I see it.
Well an amazing thing happened to me … I lost my first listing. Yes it hurt. I am sure you have seen time and time again where realtor signs are replaced my new realtor signs, happens everyday…. but never has mine been replaced until now. I guess it has been 7 years, it was bound to happen eventually. OK so this is how it went down. I got a buyer for my listing so quick (35 days!!) But this buyer happened to be a loan officer (should be great right! Not this time) well apparently this buyer/loan officer’s check bounces….. Then the seller is mad at me….. Yes I know I didn’t write the check or take out all of the money from her account and cause it to bounce but the seller was mad at me. Then the buyer wants out of the contract… I think she couldn’t get the loan, not positive though. The seller is mad at me again and obviously my sign comes down…. L Now I realize that some sellers are as uneducated about my career as I am about theirs. Kinds obvious you say……I know. I should have taken more time to explain to this seller (or maybe she should have listened) that right now due to all of the foreclosures, the real estate lending industry has tightened up it’s lending criteria causing buyers everywhere to not be qualified anymore. This is happening everywhere…..
I couldn’t help to add this but this is yet another reason why I think now is the best time to get a home because most sellers are coming out of denial and lowering their prices and the rates are still low. Unless we have a major depression …(I can’t see that happening) prices are not going down that much! However the rates are on the rise…. causing you monthly payment to go up. Call me 571.292.5377 for the worksheet I have showing the payment differences….
OK Back to the story, Now usually I would contact the loan officer and find out the details on the buyer, but when the buyer is the loan officer, things work quite differently… Let’s all remember Realtors don’t run credit or collect financial information, that is what loan officers do. With all of this being said, if the true intent is to sell, then a seller will jump right back on board (so what if they have packed their house, they are moving anyways….) no whining, no complaining, put their house on the market and carry forward. If you are in this situation be positive and look ahead. As far as me…. Yeah losing my first listing hurts but I can chalk this up as another learning experience. I have learned the more educated the sellers and buyers the less likely this situation will arrise in my future. So I will continue educating myself so I can educate you and help you make better decisions. And that my friends is the truth as I see it.
posted by Sarah Santa Ana at 12:59 PM
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