Austin TX Real Estate - Hill Country Austin Lakeway Homes for Sale: Four Months Later, It Finally Closes

Four Months Later, It Finally Closes

I can't believe it, but I've had a listing that went under contract in July and was supposed to close on August 15... and it just closed on Friday, November 30

Let's put that into perspective shall we?  In July, I was barely in my second trimester.  By the time it closed, I had a 2 week old baby girl.  Yes, Alyssa is already 17 days old as of today!

This deal was a nightmare, and I should have received the buyer's agent's commission along with mine since I did all the work.  He set his buyer up with one of his lenders... that lender tried FHA, and decided in September that she couldn't get it done.  I suggested one of my lenders... the buyer's agent said he had another lender and will have her go to that lender...

That second lender tried conventional and kept giving us all the run around.  She called the buyer on multiple occasions telling her to get ready for closing, and then she wouldn't return calls for a couple of weeks.  Yes, weeks, not just days... 

I kept asking and asking if I could please have one of my lenders look at her file.  He finally gave in when I told him my seller was not going to extend the contract again until we had more information from a lender whom I knew and trusted to tell us the full story.  In the mean time, I received about 10 other offers on this house.  The seller didn't want to entertain any of them because none of them would net him what this other contract was netting him...

Fast forward to November, and I finally got the buyer to talk with Tom Burris. Thank you, Tom!!  Tom had her jumping through more hoops and she claimed she got written up at work because of all the phone calls, but did Tom get the deal done?  Of course!!  If only the buyer's agent would have listened to me months ago, this buyer could have spent Thanksgiving in her new house.  Granted, she'll get to spend the rest of the Holiday season in the new house, but she also lost about $1500 in the mean time because my seller needed to be compensated for all the delays.

Even though I didn't "represent" the buyer, it sure seems like I did the job of both buyer's and seller's agent on this one.  Good news for Tom is that the buyer's agent was so impressed that he's already giving him referrals for more deals.  And now Tom owes me for all the extra business he's going to get!!

Bottomline, when the agent on the other end of the transaction is trying to help you, don't balk at the help.  Accept all the help you can get and appreciate that help because that might be money out of your pocket if you don't.

Comments

Dona, Don't you hate it when that happens? I have one right now that went under contact in August and we are getting ready to sign our THIRD extension!!! Maybe will get it closd prior to Christmas. Or not!!!  
Posted by Bryant Tutas-Tutas Towne Realty, Inc about 4 years ago
Yes, I hate it VERY much!!  Having a great loan officer on your side makes all the difference.
Posted by Donna Harris, REALTOR® & ASP - Hill Country Austin Lakeway Homes (RE/MAX Austin Skyline) about 4 years ago
ugggh, I hate when this happens. And hey slip in a picture of Alyssa now and then, I've been wondering how you all were doing. Besides lovin ever moment of it !!
Posted by Missy Caulk-Ann Arbor-Realtor® Ann Arbor Real Estate (Keller Williams-Ann Arbor) about 4 years ago

Missy, just for you... This is Alyssa at 6 days old at her very first Thanksgiving Cowboy's game.  She was much happier than she appears!

Posted by Donna Harris, REALTOR® & ASP - Hill Country Austin Lakeway Homes (RE/MAX Austin Skyline) about 4 years ago

Donna, my first listing took nine months to sell and settle!  And when it was over, I got pretty close to post partum depression!  

And that is an incredibly cute little cheerleader you've got there!  Keep those pictures coming! 

Posted by Patricia Kennedy (Evers & Company Realtors) about 4 years ago

Look at our little cheerleader!  Already rooting for her home team!  What spirit.

Posted by Chris Tesch College Station, Texas Real Estate (RE/MAX Bryan College Station) about 4 years ago
Hi Donna, Sometimes it's inevitable that things will hang up. It's just a miracle they stick! Congratulations and I hope you are recuperating nicely. Deb
Posted by Deb Brooks, Lake Conroe Real Estate, 936-661-2624 about 4 years ago

Congratulations!

On both the baby and the closing. Ha

Posted by Alan & Michele Kirkpatrick (Austin Texas Homes) about 4 years ago

Patricia, She looked cuter when she wasn't screaming as it took Daddy forever to snap the picture!

Chris, She also already has 4 years of hand-me-down UT cheerleader outfits!!  She's a serious fan!

Debra, Recuperating??  I contracted a house last week and also one just today.  I really need to stop working, don't I?!

Alan, Thank you!

Posted by Donna Harris, REALTOR® & ASP - Hill Country Austin Lakeway Homes (RE/MAX Austin Skyline) about 4 years ago

Hey now.... I noticed how you worked in the 'owe me' line..... Are you trying to squirrel another lunch out of me?!?!?!

HAHAH

Well, you KNOW you will get it!! You DID help me gain the trust of another realtor as the result of this deal and that is important in this business.

Thanks for everything!!

 

Posted by Tom Burris | Texas Mortgage Dallas Mortgage FHA (DallasLoanGuy.com (214) 763-4629 cell/text/nights/weekends) about 4 years ago
Donna - yes, it's so frustrating to have a buyer dealing with an inept lender while refusing to talk to (or deciding against because they can "save" 1/8 of a point) a lender that we KNOW closes transactions.
Posted by Sharon Simms St Pete FL - CRS CIPS CLHMS RSPS (ALVA International, Inc.) about 4 years ago

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