The pursuit of your house is certainly one of the most exciting and stressful events of your life. We get very caught up in the highs and lows. Some buyers begin to feel so down when they lose the house they thought was theirs.
Little reminders in life sometimes help to put this stuff in perspective. I don't know if it's been just a very highly sensitized week for me, but I've heard terrible stories of health concerns and I know its time for many awareness campaigns for causes like MS and Arthritis and Diabetes. When we put the housing market in perspective, we're fortunate on many levels to be able to concern ourselves with this pursuit!
So on some basic level, I suppose collectively we should feel "lucky" to be involved in this part of life right now.
I just had a deal fall thru. I represented the Seller. It was conditional for 3 business days on financing--a formality we were told. We came to a conditional agreement. I picked up the phone in the morning to hear that the Buyer's could no longer make good on their condition. The stories started. First, they couldnt get their financing and then worse yet...they couldn't get a downpayment together.
I will assume they had "cold feet".
Who knows..maybe the Buyers got so used to losing bids that when they won, they didn't feel as good as they hoped?
Maybe the Buyers and their Agent didn't collectively do the homework they needed to do to walk into the transaction with confidence.
I can't say it enough....do your homework. Allow someone who has the experience and knowledge to guide you there. You'll know if that person does. All this talk of changing regulations in this industry and buyers as much as they ever did---require a solid agent to assist in what is a very involved, emotionally and mentally drawn out process. Let alone the financial and negotating of the biggest purchase of your life!
Cheers-
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