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!