Let's consider the ways a financed offer can be compromised and effect the home seller.
(Pulled from archives dated March 6, 2013)
1. Schedule appt and notify agent, No lock box, I MUST BE PRESENT TO SHOW!
2.. Agent arrives 45 minutes early and forces buyer and agent into an 82 year old widows home.
3. 3 hours spent counseling terrorized 82 year old seller that this will never happen again..
4. Full price offer submitted by agent with 5% down
5. Lender is Wells Fargo
6. Kick to curb and accept lower, cash offer. (within 1% of list price)
Everything about this event spelled trouble...never ending trouble.
The magic of cash offer is the greater assurance of closing. Mix in a rogue agent, a Too Big to Care about dates Lender, and the scheduled beat down from the appraisal and you find CASH offers have the same soothing influence as fresh cookies and apple pie in the oven.
Agents, your behavior can sink you buyer chances.
Going rogue is ill advised.
Making demands (must review deed restrictions before making offer)
Allowing buyer to fiddle while home is being marketed.
Making irrelevant comments detrimental to home while buyer is saying, "It doesn't matter."
In the last two days I've observed agents prevent their buyer from succeeding.
Cash buyers WILL BE PRESENTED as more appealing to sellers than those buyers with rogue agents who have lost track of what is really happening in today's real estate reality.
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
Home Tour - Scotsdale Bluffs, Dunedin, FL