Anytime I hear these sweet 6 words a day before closing, I know I’m screwed and in for another sleepless night and exciting day.
Just got back from a little R & R and as the plane was taxing I broke several FAA laws by standing up and turning my phone on……..and I got what I deserved.
Beep…….V/M from hell.
Now being an experience big shot Realtor I immediately went into panic/crisis mode and started to see who I could blame……….
Not really, I got off the plane, got the car went home, poured myself a double and decided to deal with it the next day.
What was the V/M from hell?
Well it was to tell me that we were not closing on Friday and that they needed an extension of closing date. Usually this is not a big deal (pretty much happens all the time now) but when it’s the third extension and the closing is already a month delayed…..then “Houston we have a problem”
But the problem Houston is that I have both the Seller and the Buyer and now I look like a complete bonehead in the minds of both parties.
So how do you handle this?
I chose the time honored path and blamed the lender.
No, I disclosed all matters to both parties and came to a positive resolution.
The Seller’s did not extend (they could not) and went with a Back up offer.
The Buyer’s got their deposit back and are now confident in their purchasing ability.
And the lender?
Let’s just say I’m not very happy…………