07/08/2025
This was a really special closing for a repeat client of mine. He reached out last summer and was looking to cash in on some equity of his current home and wanted to buy a new home that had some upside potential (basically flip a house that he would live in).
He wasn't able to buy before he sold, so we knew buying a home that was contingent on his sale would be difficult.
We put things on hold and actually started his search late fall.... but nothing clicked. The search (and sale) was put on hold for this winter and started again this Spring. We put several offers in but nothing went together. His home was on the market and getting offers and going into a short term rental started to look like reality.
Finally, we noticed this home. For the contition it seemed a little over priced, but we went to look anyway. We ended up getting it under contract for under list price, still contingent on the sale of his current home.
3 days before the movers showed up and the closing happened, we got a call from the attorney. The closing had to be delayed due to the seller having a pre-payment penalty on a business loan! My client was pi**ed, how did no one realize this until the week of the closing. My job it's to find homes, it's to solve problems no one else wants to solve. In this case, it was an easy solution.... the sellers, who had already moved out, would HAVE to let me client move in on the scheduduled closing date, but close when the business loan could be paid off. My client's attorney's response "they'll never go for that" My response "just try"
Long story short, my client moved into a house he didn't own and the sellers were happy to make the accomodation. Real Estate doesn't have to be hard. I'm happy to have made this series of transactions work smoothly for my client, who will have a ton of equity in this home after he makes some updates!