Can I just say, and I will, that it so matters when you are working with Agents who know what the hell they are doing. Yep, I’m including Jamie and myself in this pat-in-the back session.
Turn the page…….we represent buyers on a home that has been on the market for over 3 months. The seller’s are carrying 2 mortgages. And our clients also have to be very careful not to get themselves into a position of carrying 2 mortgages. So, our client’s have to sell their property first in order to use the proceeds to put down on the new purchase. And that’s just the beginning. “I love this stuff.”
As our fiduciary duty is to our clients, we want to protect them, but also help them get the home. So we brainstorm. But fortunately for us, CAR(California Assoc of Realtors) and their lovely attorneys have drafted many forms for us to use….and so we hunt for the right one. For humor sake, lets call it the COP form. Hey, cops protect us right? So this form and all of its ”items” are here to protect our clients. And with just a little constructive, rational communication between the agents, a lot can be accomplished. And I feel like we have thus far.
What it all boils down to is this: Our clients have 17 days to get their condo listed and an offer accepted in order to get contingencies removed so as to feel confident in the buyer’s ability to perform, so as to remove their contingencies on the purchase of the home…thus giving the seller’s confidence in our buyers ability to close. And amidst all this, there are deadlines in which the seller can cancel, but safety nets for the Buyer. But one slip-up on either side and instant chaos. Whew! I should write these contracts up at the bar.
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