1/12/2009
So, I pulled the plug on one of the deals I was working on. It is the one where the bank came back Friday and said they would take 31.5k for the house I offered 30k on a few weeks ago. I hadn't signed any of the addenda yet, and after going back through the house over the weekend, and making some calls to buyers, I decided that it's too risky to sign anything when I don't have a buyer already lined up. I'm about 80% sure I can sell it, but it needs to close in 2 weeks, and the bank's title company is in Tampa, and I know they can close on time, soooooo.... I decided to let it go. I sat at my desk and stared at my computer for 2 hours today (no kidding), debating on whether I should go for it or not, and I actually had all of the contracts and addenda filled out and was about 2 seconds away from faxing it in, but I just couldn't pull the trigger. Call it a gut feeling, if you will. My gut is pretty clever, so I decided to heed it's advice. I also promised myself that I would not get pissed when I see this house sent out in an email blast by one of my competitors in the next few days. I'm happy with my decision. I think.
Oh, here's a good one.. my buyer who is buying the duplex from me and my cursed buddy (I'll call him Murphy from here on out) called this morning to tell me that he drove by the property this morning and it had been broken into. This isn't really too surprising since this house is in the heart of the hood. Apparently they busted two windows out and made off with one of the window ac units, and tried to get the other one out, but were unsuccessful. We called the listing office to let them know, and they said it will be secured within 48 hours. I just bet you a gazillion dollars that whoever broke in the first time is going to be back tonight to do more damage. One of the listing agents (who used to be a wholesaler until recently), went out to the house this afternoon to assess the damage, and caught a kid in the middle of spray painting the windows. He chased after the kid, who jumped over the fence in the backyard and took off. Last time I talked to him, he was going home to get his gun...
I ended up putting out about 70 signs over the weekend, and I am about to rip my hair out of my head because 99% of the people who call CAN'T SPEAK ENGLISH. This drives me up the effing wall. I actually hung up on a lady today. She could speak English just fine, but she was a real bitch, and we did not get along too well, so I told her I wasn't selling her the house no matter what she offered, and then I hung up on her. Yes, I know this is childish, but she started it. Hehe. Then she tried to call back 4 times, and I just ignored her. This was just as gratifying as hanging up on her.
I had an agent call me over the weekend (on a Sunday, if you can believe that), to tell me the bank had a counter of 19k on a house that was listed at 29.9k and I offered 14k. I sent one of my buyers by today, who said he would take it for 19-20k, so I countered back today at 14.5k. Usually when they come down that far right off the bat, they will come down more. We'll see.
Gotta run. I'm trying to be in bed by 10pm every night, and up at 6am. It's not working out too well, since I have a tendency to mess around on the internet at night. I'm working on it, though.
So, I pulled the plug on one of the deals I was working on. It is the one where the bank came back Friday and said they would take 31.5k for the house I offered 30k on a few weeks ago. I hadn't signed any of the addenda yet, and after going back through the house over the weekend, and making some calls to buyers, I decided that it's too risky to sign anything when I don't have a buyer already lined up. I'm about 80% sure I can sell it, but it needs to close in 2 weeks, and the bank's title company is in Tampa, and I know they can close on time, soooooo.... I decided to let it go. I sat at my desk and stared at my computer for 2 hours today (no kidding), debating on whether I should go for it or not, and I actually had all of the contracts and addenda filled out and was about 2 seconds away from faxing it in, but I just couldn't pull the trigger. Call it a gut feeling, if you will. My gut is pretty clever, so I decided to heed it's advice. I also promised myself that I would not get pissed when I see this house sent out in an email blast by one of my competitors in the next few days. I'm happy with my decision. I think.
Oh, here's a good one.. my buyer who is buying the duplex from me and my cursed buddy (I'll call him Murphy from here on out) called this morning to tell me that he drove by the property this morning and it had been broken into. This isn't really too surprising since this house is in the heart of the hood. Apparently they busted two windows out and made off with one of the window ac units, and tried to get the other one out, but were unsuccessful. We called the listing office to let them know, and they said it will be secured within 48 hours. I just bet you a gazillion dollars that whoever broke in the first time is going to be back tonight to do more damage. One of the listing agents (who used to be a wholesaler until recently), went out to the house this afternoon to assess the damage, and caught a kid in the middle of spray painting the windows. He chased after the kid, who jumped over the fence in the backyard and took off. Last time I talked to him, he was going home to get his gun...
I ended up putting out about 70 signs over the weekend, and I am about to rip my hair out of my head because 99% of the people who call CAN'T SPEAK ENGLISH. This drives me up the effing wall. I actually hung up on a lady today. She could speak English just fine, but she was a real bitch, and we did not get along too well, so I told her I wasn't selling her the house no matter what she offered, and then I hung up on her. Yes, I know this is childish, but she started it. Hehe. Then she tried to call back 4 times, and I just ignored her. This was just as gratifying as hanging up on her.
I had an agent call me over the weekend (on a Sunday, if you can believe that), to tell me the bank had a counter of 19k on a house that was listed at 29.9k and I offered 14k. I sent one of my buyers by today, who said he would take it for 19-20k, so I countered back today at 14.5k. Usually when they come down that far right off the bat, they will come down more. We'll see.
Gotta run. I'm trying to be in bed by 10pm every night, and up at 6am. It's not working out too well, since I have a tendency to mess around on the internet at night. I'm working on it, though.
Later Alligators!
