I find it interesting at times the amount of manufactured drama that buying or selling brings. For example when a buyer puts an offer in and then doesn't hear from the seller right away, there often is a running dialogue that goes something like, "Why aren't they responding? Did another offer come in? Do they want more money? What don't they like about my offer?"
When the seller does respond, perhaps with a counter-offer, and then the seller doesn't hear anything from the buyer's side, there can be words like, "We wanted too much." or more likely, "How dare them think our precious house isn't worth what we say it is worth, if we get this into escrow they are nuts to think we will fix anything..."
Most of the time, we agents are in the background, shaking our heads, commiserating. Then our clients think we are in collusion with the other side. Nope, we think all'y'all need to stop over-dramatizing.
Sometimes the seller doesn't get back to the buyer because they are waiting for a better offer. But mostly because the real estate agent hasn't had time to write up the counter offer because they are too busy dealing with the seller's manufactured drama. Sometimes the buyer's side hasn't responded to a counter offer because they aren't sure if they want to go forward and just need to think. Sometimes they are pissy because how dare the seller reject their perfectly reasonable low-ball offer! At any rate, most of the time by the time the home lands in escrow the two parties have already jumped to major untrue and unrealistic conclusions about the other party and nothing the other agent and I can say will change their perception of reality. Nothing.
I am representing a seller right now. She used to be an Arizona real estate agent. She is selling a rental home. Nobody is moving out. Nobody is moving in. However, the sale will now close one day later than expected. I don't consider this a big deal, because nobody is moving. However, she wants to know why? Why will it close later? Loan docs have been ordered. Everything is done. Why?????
So, I asked the other agent. The reason is simply because the underwriters had a condition that needed to be met. It took a day longer to send out some form. The form has been sent. Now everything is set to close. But, just one day later.
That wasn't enough for my seller. Why? Why did the underwriter take longer? Didn't they know what they needed two weeks ago? I have no idea. I represent the seller, not the buyer. I just don't know and asking won't change the reality. It will close when it closes. And furthermore, it doesn't really make a difference in the grand scheme of things.
I spent all day Tuesday fielding calls from my (normally sane and--make no mistake about it, thoroughly wonderful) seller who had manufactured all sorts of scenarios about this sale. Maybe the buyers were backing out? Doubtful, we close this week. They would be in breach of contract. Maybe the buyers don't have the funds for the down payment? Doubtful, they wouldn't have gotten this far in the sale without proof of down payment. Maybe the buyers were abducted by aliens over the weekend and lost track of time?
Possible.
My "I don't knows" were countered with "please find out." That's all well and good but none of my investigations satisfied her curiosity or make this sale close a day earlier. Sometimes reality is boring and unsatisfying.
No comments:
Post a Comment