Austin TX Real Estate - Hill Country Austin Lakeway Homes for Sale: April 2008

Drama Drama Go Away, Come Again Another Day

For those of you who keep up with my blogs, you know I've been waiting and waiting for a Drama-free transaction... I'm almost there, but don't want to jinx it.  In the meantime, here's some more drama for you...

I have a deal that should have closed March 27. I represent the seller.  The seller has kindly allowed  extensions, but "kindly" is going out the door.  They asked for another extension on Friday stating they were taking their loan elsewhere and needed another couple of weeks for financing to go through.

My seller and I came up with a counter stating tax prorations would hault as of the original close date, his title policy will be paid at the original contract price and the buyer would be responsible for the escrow he wanted to create, and a couple of other very reasonable things to help my seller recoup some of the costs since he already moved out.

Come to find out, one of the reasons it hasn't closed is because the mortgage person's son broke his ankle.  HUH? I'm sorry, but what part of your teenage son breaking his ankle has to do with a contract with a date on it?  Our Texas purchase agreement is a legally binding contract.  When dates aren't met, the party who doesn't perform is in DEFAULT. Do you think the mortgage person cared?  When I asked her why she didn't have someone else handling the file, her response was that the buyer was the son of a friend of hers for 30+ years and that he understands.

 He understands??  Who cares if the buyer understandsMy SELLER doesn't understand, and we don't care about your personal life.  No offense, but this is business, and it's business for my seller to stop paying for two places to live and two sets of utilities because he already moved out because the mortgage lady "promised" an April 18 closing after two previous extentions.

Why promise when you can't get it done?  What happened to the saying to Under Promise and Over Deliver?

Against my advice, my seller extended the contract this morning with only a stipulation of the buyer contacting one of my lenders to get his credit pulled to make sure it's not his credit that is preventing this from closing. 

And the Drama continues...

Comment balloon 16 commentsDonna Harris • April 28 2008 10:14AM
Drama Drama Go Away, Come Again Another Day
share
For those of you who keep up with my blogs, you know I've been waiting and waiting for a Drama-free transaction… I'm almost there, but don't want to jinx it. In the meantime, here's some more drama for you… I have a deal that should have closed… more
Texas has the Lowest Credit Score in the Country
share
On average, Texas has the lowest credit score in the country The score is a whopping 651 while the country has an average score of 692. What does this mean for Texas buyers? This means you're a higher risk and loan programs in Texas are… more
5200 Martel Ave #11K, Dallas, TX 75206
share
What a great condo in the heart of the Popular Dallas M-Streets with many updates & a view of the beautiful Glencoe Park. 2 story condo with the main living on the second floor and the bedroom upstairs on the third for privacy. Tile floor… more
1429 Coffeyville Trl, Plano, TX 75023
share
Great house in great condition. This interior corner has a lot of space for family, pets, & entertaining. There are 3 bedrooms and 2 full baths with a 2 car garage in the Fabulous Plano school district All this for ONLY $125, 000!! Vaulted… more
Texas Ranks 1st for Most Fortune 500 Companies
share
It's no wonder that Texas is getting so much relocation from across the country these days. We're the place to work, which means we're the place to live. Texas has finally beat out New York for the most Fortune 500 Companies across the state. … more
Foreclosure Rates are Dropping
share
Foreclosures are going down! It's true! It was on the news last night, and I had to pause the TiVo to make sure I wrote down the numbers correctly. The Dallas/Ft Worth Metroplex area had a 16% DROP in foreclosures compared to last year. WOW! … more
The Word is Out- ActiveRain shows up on Supra's Survey
share
Apparantly, the word is out on how addictive ActiveRain is. My local association (MetroTex Association of Realtors) sent their weekly email yesterday, and within the email was a link to take a survey from GE's Supra to help them design a new… more
Does My Seller Care what Your Buyer Can Afford?
share
As a listing agent, when I have a listing priced at $182, 000, why do I care that the buyer only wants to pay $165, 000 for a house? I had a listing that closed a couple of weeks ago, but negotiations were a little difficult. We were listed at a… more
Does My Seller Care what Your Buyer Can Afford?
share
As a listing agent, when I have a listing priced at $182, 000, why do I care that the buyer only wants to pay $165, 000 for a house? I had a listing that closed a couple of weeks ago, but negotiations were a little difficult. We were listed at a… more
2413 Princess Ct, Carrollton TX 75006
share
Great Carrollton 3 Bedroom home with a POOL Study, 2 full baths, Large Living Area, and 2 Dining Areas all for ONLY $219, 500. Ask about your FREE Travel Vouchers to the Bahamas, Mexico, Dominican, or Hawaii given at Closing! Fabulous house with… more
Dallas Area Property Valuations Going out
share
Please keep an eye out for your new Property Tax valuations in the mail. They'll be going out the week of May 5 It's very important to look at this document and make sure there are no problems. I am currently working with some home owners who… more
Real Estate Drama in the Neighborhood- Everyone Knows Who you Are
share
Don't you love it when you hear about Real Estate drama going on in your neighborhood? Aren't you glad it's not you?! I had lunch today with Leonard Thomas Leonard and I met a few years ago while he had the sellers and I had the buyers. It was… more
Real Estate Activity is Regional, not National
share
WOW! Can you say B-U-S-Y? I feel so sorry for other parts of the country right now, but in the past 4 weeks, I have contracted 9 properties! Yes, 9!! Seven of them were in March, and I contracted two today. It's only April 1, and I already… more
Showing your House, not your Home
share
Look around your house. Now, take another look and count how many times your eyes move to all the photos of your family sitting on the shelves and hanging on the walls. Did you notice your college degree? I've had buyers not buy houses because they… more