There is no doubt, real estate transactions are much more complicated than they were during the boom. Bank owned properties offer smoking deals to buyers who are ready to pull the trigger, but often attract multiple bidders because the sales prices are so amazing. How do you beat the other buyers and get your offer accepted?
Upon acceptance, the bank issues you 20 pages of new contract - legal jargon tilting the scales in their favor with short time lines, earnest money traps, contingency removals, AS IS addenda, etc. How do you navigate these negotiations without getting hosed?
Today we closed a deal and passed the keys on the most complicated home purchase of my career to date. At every turn it seemed like the powers that be were against us and that the transaction was doomed to crumble. At one point I told my client, "Stay calm. I've been here before. I have Jedi Knight skills, and I'm going to see this through with you."
In the end, we saved $20,000 off the agreed sales price, landed brand new appliances, an early closing to accommodate moving scenarios, and a 4.25% interest rate. Use THE FORCE we did.
*yoda voiceI like to work hard, have fun, and get the job done. Like a Jedi, I do whatever it takes, while maintaining ethical integrity, to serve my clients. I hope you enjoy my little Jedi metaphor. Let me know if I can help you in any way. May THE FORCE be with you.