Pat Kennedy - Your Washington, DC Real Estate Connection

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The Kick Out And The Kick In!

A couple of weeks ago, I had an adorable listing fly off the shelf.  After the first Open House, we had two offers - both of them excellent.  One had a lenders letter from a financial institution that gives me the hives.  The other was from a local mortgage broker who has been doing a fabulous job for years.  Other than that, they were pretty identical.  The sellers took the second offer.

Then, on Tuesday morning I got that call from the really great lender that you never want to get.  There was a last minute glitch with the financing - a huge item that showed up on the buyer's credit and couldn't be resolved. Oh, and this was after it went to underwriting.

Rats!

I immediately pulled out the file and made a phone call to the agent whose buyers lost out the first time.  By accident, I got his buyer, who when I introduced myself, got really, really happy.  When he explained that I called the wrong number but that I had made his day!  We both laughed and then I called his agent and made his day, too!

So the old offer is released and the new offer is being initialed as I write this.  We settle about 11 days later - all made possible because  this time the new buyers are using the old buyers' lender.

We were lucky.  Really lucky.

I might have made the day for the buyers and their agents, but I gotta say, they made the day for me, and especially for my sellers!

29 commentsPatricia Kennedy • October 22 2009 09:48PM

Comments

Hi Pat...That gave you the opportunity to do your stuff.  Quick thinking paid off for all of you.

Kate

Posted by Kathleen "Kate" Elim LAKE ANNA, VA Real Estate (RE/MAX Edge) about 1 month ago

Goodness talk about luck...yours was working overtime on this one. Congrats for keeping it going.

Posted by Martha Brown Annapolis and Anne Arundel County RE (Long & Foster Real Estate, Inc.) about 1 month ago

Hey Pat,

Sometimes the good guys win one too. Congrats!

Rich

Posted by Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate (Long and Foster® Real Estate, Inc.) about 1 month ago

Way to go Pat! And how funny is that about calling the wrong number... pretty good stuff! Good luck with this.

Posted by Andrea Swiedler (Prudential Adams & Associates, REALTORS, New Milford CT) about 1 month ago

Pat

I had that happen a bit ago; it's amazing the adrenaline we get when we kick it in high gear .

Posted by Tom Braatz, Waukesha County Real Estate,WI (Re/Max Realty Center 262-377-1459) about 1 month ago

Wow!  How lucky is that?  It was just meant to be.  Congratulations to you all!

Sincerely,

Kathleen

Posted by Kathleen Cooper, JCKC Realty, Broker, SRES, REALTOR® about 1 month ago

Patricia,

I am glad for you, and that it had a quick resolution. Sometimes things work, don't they. Would have been great if it was more often than not, but you can't make us always happy anyway

Posted by Jon Zolsky (FunCoast Realty LLC) about 1 month ago

I'm thinking luck had nothing to do with the fact that the new buyer is using the old lender.

Way to think.

Posted by Jim Hale - On the MOVE for You! Eugene - Springfield Oregon Real Estate (ACTIONAGENTS.NET) about 1 month ago

Wow, Pat...don't you just love it when everything falls into place like this? What an awesome story...congratulations!!! :)

Leilani

Posted by Souza Realty - California (Lots & Land, Custom Construction) about 1 month ago

Pat, Perhaps it was no "accident" you got the buyer himself!   I can imagine how thrilled everyone was that day.  Congratulations on a wonderful job :)

Posted by Carole Provenzale Owner, Feng Shui Long Island & New York (Feng Shui Long Island & New York City) about 1 month ago

Congratualations Pat for a job well done.  That was great that they had not decided on another house yet.

Posted by Janice "Jan Marie" MacMillan, Realtor ~ Military Relocation (Century 21 Winnersville) about 1 month ago

Pat,

It  is good to see that the new buyers had not moved on and found another home and that they were willing to change lenders.  Congratulations

Posted by Don Rogers REALTOR®, GRI O'Fallon MO & St Charles County MO homes (RE/MAX Gold) about 1 month ago

It is so nice when a bad situation turns out so well. Congratulation.

Posted by Terry Bonnie Westbrook Westbrook Realty Grand Rapids Forest Hills MI Real Estate (Westbrook Realty Broker-Owner) about 1 month ago

Patricia - Don't you just love when a plan comes together. If you are on a "HOT STREAK" keep working every lead and phone call you get. It sounds as if you have some more majic left right now

Posted by Laura Gray (RE/MAX Realty Group) about 1 month ago

Pat:  In this market, you never know what is going to happen.  Glad this one worked out for you.  Having buyers waiting in the wings is a must these days.

Posted by Chris Ann Cleland, GRI (Long & Foster, Gainesville, VA) about 1 month ago

at --- am so pleased that the first buyers were still there --- as I was reading, I was wondering about that and thank goodness, they were still there.Good for you.



                                                                               Mama  Liz

Posted by Liz Loadholt- AgentOwned Realty- Covering SC about 1 month ago

Pat, Your sellers are lucky to have a realtor that really stays on top of the deal.  If not, the other offer wouldn't have been able to step in so quickly.  Great job.

Posted by Susan Brown (Keller Williams NE, Kingwood Texas (Humble & Atascocita too)) about 1 month ago

Way to go Patricia!  Congratulations and good for you on your quick thinking.  Love it when it works out that way.

Posted by Olga Diaz Potter, Associate Broker, CRS, ASP, ePRO (Pullman Real Estate...Simplified-COLDWELL BANKER TOMLINSON) about 1 month ago

Pat,

That is in the category of a major bummer. I bet the seller's felt worse.

Posted by Steven L. Smith, Bellingham, Wa. Home Inspector (King of the House Home Inspection, Inc) about 1 month ago

Pat - I love it when stuff like this happens!  Kudos for getting a deal back on track.

Posted by Jason Crouch, Broker - Austin Texas Real Estate (512-796-7653) (Austin Texas Homes, LLC) about 1 month ago

Hi Pat... You have some incredible real estate karma going for you!

Posted by Steve Shatsky - Dallas Real Estate & Short Sale Specialist (469)449-9840 (Prudential Texas Properties) about 1 month ago

What a wonderful story, Pat! Sharing the good news helps all of us. Thanks! Here's hoping that your winning streak is a long one!

Posted by Kim Southern - Blue Ridge Real Estate (Century 21 Professional Realty Group) about 1 month ago

That was really lucky the 2nd buyers were still available.  Good job!

Posted by Georgina M. Hunter R(S) e-Pro Maui Real Estate Sales (Jim Sanders Realty Inc. - Maui) about 1 month ago

Whew!  That is so awesome that you were able to pull it together with the "first buyer"!  Congrats to both you AND your sellers!

Posted by Leesa L. Finley, REALTOR®/RE Strategist Wake Forest NC Real Estate and Area Info (CIRCA PROPERTIES - Your Wake Forest/North Raleigh Specialist) about 1 month ago

Everybody wins when a house sells. Really. I used to think it's about me AGAINST you. How wrong was that mentality.

Posted by Loreena Yeo - Broker|Realtor(R) of www.Frisco-TX-Homes.com (214) 783-2210 (3:16 team REALTY) about 1 month ago

I love happy endings and looks as if you had a jolly one.

Posted by Barbara S. Duncan ABR, CRS, GRI, e-PRO Searcy AR (RE/MAX Advantage) about 1 month ago

Sounds like ... you win lose a few, lose win a few. 

Posted by Carla Muss-Jacobs, ABR, CEBA, e-PRO, Realtor (Principal Broker/Owner EBA Portland, LLC) 29 days ago

I just love happy endings!

Posted by Florida Pines Realty, LLC 29 days ago

Patricia, I could not agree more.  may I say that on the mortgage brokers side, I can certainly identify.  I am glad that it all worked out.  :-)

Posted by Sarah Eubanks ~ Preferred Oregon Loan Consultant & Notary Public (Hill Valley Financial Services) 28 days ago

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