08/14/2026
The “not so pretty” side of Real Estate!
We got our sellers under contract within 4 days. With perfect terms and deadlines. So that he can go and 1031 it to another property out of state.
However, the transaction hit a few speed bumps with the buyer’s financing, which caused multiple extensions in the deadlines. A whole month..
while most agents just extend it all, we stood up for our sellers and demanded that not all deadlines would extend, to ensure, that if something goes south, our sellers would keep the Earnest Money.
Long story short, the day we were told by the lender, underwriter and the entire buyer’s team, that we were going to close, instead came with a cancellation document. Turns out the buyer did not qualify due to some legal stuff..
However, our sellers can rest assured that he is not the loser of the this cancellation, instead, he walks away with the Earnest Money for his troubles, and now has found even better properties out of state.
So back to work on finding a qualified buyer for this one! 🫡🫡
Who. You. Hire. Matters.
Most deals don’t go south. But get yourself a team that protects you in the off chance it does!
