Margaret Rome's Blog

head_left_image

Can You Guarantee

 

In working with a buyer or seller, there are many different personalities and many questions and concerns.

 

 

What if    Margaret Rome

 

 

 

There is the buyer who wants every assurance they are getting the best deal and getting as much as possible from the seller.

There is the seller who wants a 100% assurance that the contract will make it to final settlement.

  With a 40 + page contract, most of the questions and concerns are covered. If not.. add an addenda to insure your point is considered.

 

When my seller signed a recent contract...they asked, "can I get excited now?''  They were really asking for a guarantee.

 

 

This was my response: 

We are in good shape with a ratified contract. Buyer is qualified. We have a strong deposit.  Buyer loves the house. Your home seems to be in good condition.

 

 

We still have to get through the home inspections (termite,well, septic, radon, mold, chimney), survey, title, appraisal and a final clear to close.

Save your excitement for settlement and deposited funds.

 

I don't know how to say this but

There is No Guarantee!

 

Margaret Rome 410-530-2400

 

 

 

 

 Search All Active Listings

 

Sell Your Home With Margaret Rome

Broker-Owner HomeRome Realty 

signature

 

 

Author of Real Estate the Rome Way

mrome@HomeRome.com

410.530.2400

Margaret Rome on Zillow

Comment balloon 24 commentsMargaret Rome, Baltimore Maryland • January 18 2017 09:16PM

Comments

Margaret,

I think you did a wonderful job saying it.  Bravo!  A

Posted by Ron and Alexandra Seigel, Luxury Real Estate Branding, Marketing & Strategy (Napa Consultants) over 1 year ago

Well said Margaret Rome, Baltimore Maryland  , there are no guarantees. Thank you for the call yesterday. I did take some time and eliminate a lot of the closing sentences i had used. I reworded quite a bit taking out the I's and me's. 

 

Posted by Scott Godzyk, One of Manchester NH's Leading Agents (Godzyk Real Estate Services) over 1 year ago

Margaret we do have clients that need a little more hand holding than others and some do worry up to the day of closing.  There are no quarantees but it's a pretty good bet it will close - all things going the way they do 99.9% of the time.

Posted by Anna Banana Kruchten CRB, CRS 602-380-4886, Arizona's Top Banana! (Phoenix Property Shoppe) over 1 year ago

What is that saying -- the only guarantees in life are death and taxes? Where we live we have amazing mountain views from some properties - but we can never say you will always have that view. The trees may grow, a new home or structure can be built blocking that view, or the mountain may blow up (remember Mt. St. Helens?). There are no guarantees in real estate. Let's do our best to get it closed!

Posted by Lynnea Miller, Premier Real Estate Service in Central Oregon (Bend Premier Real Estate) over 1 year ago

I like your answer to your client's question, Margaret!  There are no guarantees, but there can be strong indications.

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) over 1 year ago

Yes, so true - NOTHING is guaranteed but, we can sure try and make it as bulletproof as possible for our clients!

Posted by Debe Maxwell, CRS, Charlotte Homes for Sale - Charlotte Neighborhoods (www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310) over 1 year ago

Debe Maxwell Like the way you think...try to make it bulletproof.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) over 1 year ago

HI Margaret Rome, Baltimore Maryland  - It seems that I have to talk someone down off the ledge and assure them at some point on just about every contract!  Though nothing is a guarantee!

Posted by Sheri Sperry - MCNE®, (928) 274-7355 ~ YOUR Solutions REALTOR® (Coldwell Banker Residential Brokerage) over 1 year ago

Sheri Sperry - MCNE® Great way to put it and so true. You are giving me an idea for another blog...thanks.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) over 1 year ago

There is no guarantee until the settlement has happened.  That's for sure.

Posted by Chris Ann Cleland, Associate Broker, Bristow, VA (Long and Foster REALTORS®, Gainesville, VA) over 1 year ago

Chris Ann Cleland ou are so right. Yet, how many times are we asked to guarantee a closing.

 

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) over 1 year ago

As professionals we do everything in our power to get the buyer and the seller to closing but so many things can derail, delay or even stop settlements from going through. Setting everyone up with the proper expectations and keeping communications open throughout sure makes things go smoother and keeps the likelihood of getting to settlement high!

Posted by Bridget "Mortgage Mama" McGee, Maryland Mortgage Mama NMLS#196068 (Corridor Mortgage Group 410-960-2061) over 1 year ago

Bridget McGee 

The beauty is that we have had  many transactions together. We also have handled a few challenges but...between us, we got them all to settlement.

And this is all because of meeting through ActiveRain.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) over 1 year ago

Any of us Margaret Rome, Baltimore Maryland, that deal in this industry on a day to day basis see and feel your point. 

Posted by Paul S. Henderson, REALTOR®,CRS,, Tacoma Washington Agent/Broker & Market Authority! (RE/MAX Northwest.) over 1 year ago

There are no guarantees until the check has cleared the bank, although, of course, as professionals, we can assure them we'll be with them every step of the way and do our best to get them to the settlement table. 

Posted by Susan Haughton, Susan & Mindy Team...Honesty. Integrity. Results. (Long and Foster REALTORS (703) 470-4545) over 1 year ago

Susan Haughton We need to be on top of the transaction so we can give assurance along the way.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) over 1 year ago

So true!   So many clients sign the contract and say to me, "Thank you for all your hard work."   I always smile and say, "Don't celebrate yet, we still have a way to go!"   And of course, a lot of the hard work I do comes between contract and close.

Posted by Dianne Goode, Realtor/Broker (Raleigh Cary Realty) over 1 year ago

Dianne Goode You are right. Selling is the easy part...now all the work begins to get it to settlement.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) over 1 year ago

You phrased that very well but I know from recent expereince that a seller just wants to get excited asap, and ride that excitement all the way to the closing celebration.

Posted by Karen Hellier, Freelance Writer for Professionals, North Georgia (Freelance Writer) over 1 year ago

Karen Hellier Thank you for stopping by. A seller wants to have all that excitement but we need to keep them updated..no surprises

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) over 1 year ago

How true this is! Glad you posted this one!! Have a great evening!

Posted by Kim Johnson, Selling South Florida (Realty Associates of Florida I Inc.) over 1 year ago

Thanks for taking time to stop by Kim Johnson 

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) over 1 year ago

Hello Margaret

Very well said, there are no guarantees and your post has been featured to the group:

LATE NIGHT - EARLY MORNING AT ACTIVERAIN

Bgpic04202016154932 l

Posted by Robert Vegas Bob Swetz, Las Vegas Henderson Homes for Sale (Realty ONE Group) over 1 year ago

 

 Robert Vegas Bob Swetz   I really appreciate being featured in your Late Night group.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) over 1 year ago

Participate