A client had his property on the market with a competing real estate agent for over 6 months. Hoping for better results, he let the contract expire and listed with me. 77 days into our contract, we received an acceptable offer. However, the buyer used the inspection clause to cancel, deciding they didn’t want to be in the basement (which was where this condo’s living space was).
To keep the listing fresh, photos were updated and altered multiple times, and price adjustments were made. Another 89 days passed, bringing us to 166 days on the market, and the total for this seller now stands at 347 days. On this 347th day, we received multiple offers!
The acceptable offer was not contingent on an inspection, and the buyer had already reviewed the association documents. So this should go smoothly, oh wait, this is a condo and the condominium finance rules just changed.
The association was self-managed, meaning they did not have a company to fill out all the required financial documents for the buyer’s lender, nor did they have some of the required documents. I coordinated with the condo volunteer who handles the association’s financials, providing her samples, explanations, and guidance on what the buyer’s lender needed to meet the lending requirements.
All this was done while she was out of the country for work, so we were juggling time zones and the paperwork! Oh, and did I mention this was the week of Thanksgiving? After all these hoops and loops, the client happily hired us to sell his other unit. This is just one of the many services we provide as the Family Realtor.