Pat Kennedy - Your Washington, DC Real Estate Connection

head_left_image

Things Really Do Happen For A Reason

Sometime last September, I wrote an offer for a couple on a pretty nice townhouse in Arlington.  In the winter, you could see a tiny little patch of the Potomac River through bare branches, and while it was pretty nice, it also needed some work.  OH, and the place was, we thought, dramatically over priced. 

And over the ensuing months, counters and counter counters and counter counter counters going back and forth.  Finally, we  narrowed the gap between asking price and offering price from $137,500 to a mere $20,000.  Then, after missing out on a couple of other places, my buyers  decided to close the gap.  I faxed the papers to the listing agent - who must have been as sick of us as we were of him and his buyer.

I figured the seller and their agent would be very, very happy.  The place had been on the market for almost a year.  It's time had finally come.

OK, I'll cut to the chase.  A couple of days later, I got this email from the listing agent.  And I couldn't really blame him for sounding smug.  I certainly would have in his place. 

"Sorry to have to tell you that the seller has accepted another offer."

Well, I had been right about one thing.  This home's time had indeed come!

I was devastated.  I felt sad.  My buyers were not too happy with me!  Bummerino!

After a week of feeling as close as I get to depressed, I did my daily check of the inventory and lo and behold!  A new listing in this group of townhouses!  And this was a light and bright end unit with an unobstructed view of the the Potomac!  It has an amazing kitchen with state of the art appliances.  And the part of the view that wasn't river was totally trees. 

Oh, and it was priced on the nose!

I contacted my clients right away, and when I showed it to them, I brought a fully filled out purchase agreement - and they signed it!

Then the sellers signed it, and before the first Open House, we all knew why they didn't get the first house!

The listing agent is a favorite colleague from my Pardoe days.  I'm really looking forward to working with him.

So everybody is ecstatic.

Yeah, things do happen for a reason!

 

Comment balloon 37 commentsPatricia Kennedy • April 19 2010 07:39PM

Comments

You don't know till you look in the rear view mirror, the path you needed to walk to get to the home of your dreams!

Posted by Anna Boyd, CDPE, El Dorado Sacramento (Re/Max Gold) over 10 years ago

There is a wonderful Karma about Real Estate. Congratulations on the "feel good" transaction.

Posted by Ellie McIntire, Luxury service in Central Maryland (Ellicott City Clarksville Howard County Maryland Real Estate) over 10 years ago

How exciting for your buyers.  A better home and the right price.  Be smug :-)

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 10 years ago

I am all ways telling my clients "thing happen for a reason".

Posted by Valorie Stover, Realtor for Casta del Sol, Mission Viejo,CA, Active Adult Community! (Casta del Sol Real Estate / HomeSmart Everygreen Realty) over 10 years ago

Pat, a great story.  The built up for the right one!   --Gloria

Posted by Gloria Todor, & Doug Durren (484) 431-3686 in SE PA (Weichert Realtors) over 10 years ago

Hi Pat  ~ I too always tell my buyers that things end up working out for the best no matter how difficult it is to believe that when you're discouraged. This is a *perfect* example of that - great story. I can't believe you were countering for months - I've never had that go on for weeks never mind months.

Liz

Posted by Elizabeth Bolton, Cambridge MA Realtor (RE/MAX Destiny Real Estate Cambridge, MA) over 10 years ago

Pat, you know what, this happens to me a few times before, when I lost a deal, usually a much better deal came right after.  That teaches me to focus on the next deal and not to cry and whine over the one I lost, and it works everytime.

Posted by Rita Fong, Realtor - Marion Arkansas Homes for Sale (RE/MAX REAL ESTATE TODAY, Executive Broker 901-488-9590 ) over 10 years ago

Hey, guys!  I'm like a bull dog with a bone when it comes to negotiating a contract.  I don't give up until my guys find something else or other buyers beat us out.  The first house was priced ambitiously enough that we had six months before someone else showed up.

Posted by Patricia Kennedy, Home in the Capital (RLAH Real Estate) over 10 years ago

Pat...

I'm so glad that everything worked out for you. I love happy endings!

Posted by Richard Weisser, Richard Weisser Retired Real Estate Professional (Richard Weisser Realty) over 10 years ago

Pat, Congratulations! It sounds like quite the journey with a successful end result for your clients! (And you!)

Posted by Wanda Kubat-Nerdin - Wanda Can!, So Utah Residential, Referral & Relocation REALTOR (Red Rock Real Estate) over 10 years ago

A very good reminder that things to happen for a reason. Way to go! I bet your clients think you hung the moon.

Posted by Andrea Swiedler, Realtor, Southern Litchfield County CT (Berkshire Hathaway HomeServices New England Properties) over 10 years ago

Pat,

As far as the title, I think that is generally true. Then there are things that slam you in the face out of the blue.

Posted by Steven L. Smith, Bellingham WA Home Inspector (King of the House Home Inspection, Inc.) over 10 years ago

Hmmm - wish things were happening that easily here. How neat that it worked out for your buyers.

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (eXp Realty of California, Inc.) over 10 years ago

When a door closes, a window opens.  I call them windows of opportunity....

Posted by Lane Bailey, Realtor & Car Guy (Century 21 Results Realty) over 10 years ago

Things happen for a reason........we just have to look back to see why things turn out the way they do.  How great for your buyers.   They have a great realtor.

Posted by Kay Van Kampen, Realtor®, Springfield Mo Real Estate (RE/MAX Broker, RE/MAX) over 10 years ago

VERY true Pat.  My folks were sooo bummed when we lost a place in multiples 2 weeks ago.  Then 3 days later; a better townhome came on the market.  They bought it and can see the one they lost from their window and know - THIS one IS better!

Posted by James Downing - Metro DC Houses Team REALTORS®, CRS, GRI, ABR,MRP, MilRes, When Looking to Buy or Sell - Make the Right Move (Real Living | At Home) over 10 years ago

Hi Pat, Isn't it great when that happens?  I had something similar happen with one of my buyer clients last year.  Not as dramatic a history as yours, but my clients were devastated not to get the house they loved until they found an even nicer one for less money in a better location.  Now they are grateful that they didn't get the other one.

Posted by Susan Neal, Fair Oaks CA & Sacramento Area Real Estate Broker (RE/MAX Gold, Fair Oaks) over 10 years ago

Hi Pat... the universe makes things like this happen... though sometimes it's just tough waiting for everything to fall into place!

Posted by Steve Shatsky over 10 years ago

Pat ~ Great story!  I am a firm believer that things happen for a reason.  Sometimes it just doesn't make sense right away... but in time, it becomes perfectly clear.

Posted by Melinda (Mel) Peterson, The Blessed Realtor - ABR, CRS (Grants Pass, OR) over 10 years ago

Thank goodness the other buyers swooped in or else they would probably be enjoying the good view. Things do work out for a reason!!! Great agents make great things happen. Congrats!

Posted by Betsy Schuman Dodek, SearchPotomacHomes.com (Washington Fine Properties - Washington DC Area Real Estate) over 10 years ago

Great story Pat! It's nice when things work out and clients are happy. Everything does happen for a reason. :)

Posted by Jackie Connelly-Fornuff, "Moving at The Speed of YOU!" (Douglas Elliman Real Estate in Babylon NY) over 10 years ago

Pat - I was thinking what Lane said. That is great news all around. I am a firm believer in things happening for a reason. Congratulations to all.

Posted by Judy Jennings, Tap into Judy's real estate expertise & resources. (Top Agent Plus) over 10 years ago

Good for you and your buyers.  I believe that whenever a buyer loses out on a property while the reason isn't always apparent we will soon know why and it is usually because of a better opportunity.   After month of negotiating you deserved to have a smooth and quick deal.

Posted by Miriam Bernstein, CRS over 10 years ago

Pat

I used to doubt that saying but now I know how incredibly true it is; things do happen for a reason.

Posted by Tom Braatz Waukesha County Real Estate 262-377-1459, Waukesha County Realtor Real Estate agent. SOLD! (Coldwell Banker) over 10 years ago

Pat, Everything does happen for a reason - and this was a great conclusion for your buyers (and you!).

Posted by Susan Brown (Keller Williams NE, Kingwood Texas (Humble & Atascocita too)) over 10 years ago

Pat - Congrats!  I've always been a firm believer that everything happens for a reason, especially when it comes to my clients.  However I started to question this belief when it comes to my personal life and the horrible car accident my husband was in over a year ago, I'm still waiting for that reason.

Posted by Michelle Gibson, REALTOR (Hansen Real Estate Group Inc. ) over 10 years ago

Great job. And don't forget that you are a great agent who continued to look for the perfect place.

Posted by Paula McDonald, Ph.D., Granbury, TX 936-203-0279 (Beam & Branch Realty) over 10 years ago

Pat, That's a great story. As much as I tire from the saying, 'it wasn't meant to be', time and time again it rings true with our buyers and sellers.

Posted by Jane Cross (Homes By Cross serving Charlotte NC Real Estate Needs) over 10 years ago

Pat, I love when things like that work out! Congratulations!

Posted by Linda Greco Rich, ABR, SRES, Harford County Specialist (Exit Preferred Realty) over 10 years ago

Anna's quote was great.  Congratulations on a nice sale for your great buyers.  They are lucky to have you in their corner. 

Posted by Don Sabinske, Sabinske & Associates Inc. (Don Sabinske, Sabinske & Associates Inc.) over 10 years ago

LOL Pat - I have to tell you - when reading the post, at first, instead of Pardoe days - I read Parole days! Too funny - Sorry!

Debi

Posted by Debi Boucher, "Realtor Showcase" - Real Estate Photography/Virtual Tours ( Real Estate Showcase Photography) over 10 years ago

Pat- things always manage to work out for the best - see, there was a reason for everything!

Posted by Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional, Palm Harbor, Dunedin, Clearwater, Safety Harbor (Charles Rutenberg Realty) over 10 years ago

Pat, so happy it worked out for you and the buyers/sellers...things definitely happen for a reason!!

Posted by Rebecca Gaujot, Realtor®, Lewisburg WV, the go to agent for all real estate (Vision Quest Realty) over 10 years ago

Hi, Pat. Yet another happy ending.

 

Best,

Ed

Posted by Ed Schneider, Washington DC Real Estate Specialist (Evers & Co. Real Estate Inc.) over 10 years ago

Pat: I'm a big believer in the axiom "things happen for a reason". I'm not sure whom or what controls it, but I know that it works. I'm glad your buyers got a better deal and all is right with the world:o)

Posted by Michelle Minch, Home Staging Los Angeles and Pasadena, CA (Moving Mountains Design Home Staging, Pasadena, CA) over 10 years ago

It is amazing how the Best Homes wait for people and the universe has to line up all the right events and puzzle pieces to get them in the right place at the right time. It happens so often now that I've seen it time after time that when we "lose one" I can laugh it off with them and assure them that an even better home is coming soon...have faith it is gonna be a beauty!

Posted by Janet Fetterman, Selling Luxury Lifestyles... (Royal Shell Real Estate Inc) over 10 years ago

It was meant to be and you were right there knowing and ready for these very lucky buyers!

Congratulations!

Margaret

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) over 10 years ago

Participate