Comments on: Are you even trying to close this deal?? http://www.prucalvoices.com/2009/03/are-you-even-trying-to-close-this-deal/ Conversations in Real Estate Wed, 08 Feb 2012 15:43:51 +0000 hourly 1 http://wordpress.org/?v=3.2 By: Julie Cleland http://www.prucalvoices.com/2009/03/are-you-even-trying-to-close-this-deal/comment-page-1/#comment-784 Julie Cleland Thu, 12 Mar 2009 18:25:57 +0000 http://www.pruvoices.com/?p=740#comment-784 You briefly touched on looking at the fine print...in my limited experience dealing with REOs, don't be surprised if the fine print contradicts itself, depending on which page you are looking at. In the same transaction, the red flag went up about the listing agent of the REO at the beginning of the transaction. I only wish I knew then how much he was going to impede the sale, which eventually fell through. REOs in particular need all players, on both sides, to really want it if it's going to get closed. You briefly touched on looking at the fine print…in my limited experience dealing with REOs, don’t be surprised if the fine print contradicts itself, depending on which page you are looking at. In the same transaction, the red flag went up about the listing agent of the REO at the beginning of the transaction. I only wish I knew then how much he was going to impede the sale, which eventually fell through. REOs in particular need all players, on both sides, to really want it if it’s going to get closed.

]]> By: Jean Joh http://www.prucalvoices.com/2009/03/are-you-even-trying-to-close-this-deal/comment-page-1/#comment-773 Jean Joh Wed, 11 Mar 2009 07:53:28 +0000 http://www.pruvoices.com/?p=740#comment-773 Great blog Nicole! Your clients are fortunate to have you as an agent making sure to protect their best interests. There are so many aspects involved in the purchase or sale of a home that it really is crucial to have a strong team on board. Great blog Nicole! Your clients are fortunate to have you as an agent making sure to protect their best interests. There are so many aspects involved in the purchase or sale of a home that it really is crucial to have a strong team on board.

]]> By: Brian Boisson http://www.prucalvoices.com/2009/03/are-you-even-trying-to-close-this-deal/comment-page-1/#comment-752 Brian Boisson Fri, 06 Mar 2009 21:27:50 +0000 http://www.pruvoices.com/?p=740#comment-752 Nicole, It is so true we grow a "sixth sense" after a while and can almost predict a problem, like you predicted with that loan agent. Communication solves almost every problem in our business, and I am glad you got a lender you trust on the team. I did not realize the most recent situation about deferred maintenance in properties, so thank you for bringing that to my attention. Good luck on your offer! Brian Nicole,

It is so true we grow a “sixth sense” after a while and can almost predict a problem, like you predicted with that loan agent.

Communication solves almost every problem in our business, and I am glad you got a lender you trust on the team.

I did not realize the most recent situation about deferred maintenance in properties, so thank you for bringing that to my attention.

Good luck on your offer!

Brian

]]> By: Annie Chang http://www.prucalvoices.com/2009/03/are-you-even-trying-to-close-this-deal/comment-page-1/#comment-751 Annie Chang Fri, 06 Mar 2009 20:49:59 +0000 http://www.pruvoices.com/?p=740#comment-751 Hi Nicole, Great blog and thanks for sharing the experience! Coincidentally, I recently posted a similar blog on my website (http://www.talkofrealestate.com) about various roadblocks in transactions. It seems like we all run into some sort of hurdles due to stricter lending guidelines and various reasons that affect the market. It is true that it's a buyer's market right now, but there's so much going on that the buyers need to be aware of and prepare for with these unexpected situations. Hi Nicole,

Great blog and thanks for sharing the experience! Coincidentally, I recently posted a similar blog on my website (http://www.talkofrealestate.com) about various roadblocks in transactions. It seems like we all run into some sort of hurdles due to stricter lending guidelines and various reasons that affect the market. It is true that it’s a buyer’s market right now, but there’s so much going on that the buyers need to be aware of and prepare for with these unexpected situations.

]]> By: Karin C http://www.prucalvoices.com/2009/03/are-you-even-trying-to-close-this-deal/comment-page-1/#comment-750 Karin C Fri, 06 Mar 2009 19:04:40 +0000 http://www.pruvoices.com/?p=740#comment-750 Yes! It would help if everyone did the job that they were supposed to do! There are some really good professionals out there and then there are some....I don't know what you want to call them! Good thing you kept yourself ahead of the game so your clients didn't get in trouble! Now that's a "professional"! Yes! It would help if everyone did the job that they were supposed to do! There are some really good professionals out there and then there are some….I don’t know what you want to call them! Good thing you kept yourself ahead of the game so your clients didn’t get in trouble! Now that’s a “professional”!

]]> By: Larry Franzella http://www.prucalvoices.com/2009/03/are-you-even-trying-to-close-this-deal/comment-page-1/#comment-749 Larry Franzella Fri, 06 Mar 2009 18:59:10 +0000 http://www.pruvoices.com/?p=740#comment-749 Hi Nicole, Chosing a strong Team to represent you is very important, someone who will take the time to read and understand the REO Addendum. As you point out there are a number of clauses in the addendum, (understanding that it wa written by the bank) that favor the REO Seller. The agetn who just wants to try to push a sale through for his/her benefit are not doing right by their client and chances are won't be around for long. Larry Hi Nicole,

Chosing a strong Team to represent you is very important, someone who will take the time to read and understand the REO Addendum. As you point out there are a number of clauses in the addendum, (understanding that it wa written by the bank) that favor the REO Seller.

The agetn who just wants to try to push a sale through for his/her benefit are not doing right by their client and chances are won’t be around for long.

Larry

]]> By: Dean Rizzi http://www.prucalvoices.com/2009/03/are-you-even-trying-to-close-this-deal/comment-page-1/#comment-748 Dean Rizzi Fri, 06 Mar 2009 15:39:34 +0000 http://www.pruvoices.com/?p=740#comment-748 Nicole, Great blog. It seems to always come down to communication doesn't it! Nicole,

Great blog. It seems to always come down to communication doesn’t it!

]]> By: Adam Chinn http://www.prucalvoices.com/2009/03/are-you-even-trying-to-close-this-deal/comment-page-1/#comment-747 Adam Chinn Fri, 06 Mar 2009 04:41:08 +0000 http://www.pruvoices.com/?p=740#comment-747 Great Post Nicole, Congrats and good luck with the offer you are submitting with your clients. I too have experienced some of the frustration you spoke of in your post. Communication is key to having a smooth transaction and if everyone works together to close the transaction and have both the buyer and seller happy then it is a win win situation. I'm glad to hear that it seems like you and your clients are on the right track and i wish all of you the best of luck. They are in good hands, Adam Great Post Nicole,
Congrats and good luck with the offer you are submitting with your clients. I too have experienced some of the frustration you spoke of in your post. Communication is key to having a smooth transaction and if everyone works together to close the transaction and have both the buyer and seller happy then it is a win win situation. I’m glad to hear that it seems like you and your clients are on the right track and i wish all of you the best of luck. They are in good hands,

Adam

]]>