Oh, I remember this scene like it was yesterday. There I was, standing in the pouring rain, squeezed under an eave with my back flat against the wall to stay somewhat dry. Although, I was also splattered with mud, pretty much head to foot, due to riding ATVs in the rain and mud of Hilo. Trying to talk on my cellphone to a disgruntled agent in my company about why a listing that was on the verge of canceling was no longer canceling.
In what seemed to me like an attempt to strong-arm, the agent had insisted his client, a lawyer (like who cares?) had told him the sellers could cancel the transaction and sell to him instead for $5,000 more.
First, the buyers had signed the cancellation, delivered it, and then withdrew it. There was no meeting of the minds. The sellers had not yet signed the cancellation. If they had attempted at that particular juncture, a judge would most likely see things very differently. Real estate is not as black and white as some less informed agents like to believe. Sellers cannot really capitalize on buyer mistakes. That told me the agent's client was not a real estate lawyer and, if he was, he wasn't necessarily competent at his profession.
On top of all this, the sellers did not want an additional $5K nor the hassle that could ensue. At the end of the day, I take my direction from the sellers. You can read more about this in my personal blog today at this link: Successor Trustee Sellers Thrilled They Picked the Right Agent.
Certified HAFA Specialist
Sacramento Real Estate Listings
Elizabeth Weintraub is an author, home buying expert for About.com, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area with an emphasis on Elk Grove. Call Elizabeth Weintraub at 916.233.6759. Put 40 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. BRE License # 00697006.
The Short Sale Savior, by Elizabeth Weintraub, available with free shipping.
Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.