Margaret Rome's Blog

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Bad News...Not So Sure

 

We just "lost" a house for buyers. But was it a loss?

 

There were so many concerns with this property, significant concerns that the buyers were willing to take on with eyes wide open.

Lots of research went into helping them decide to take this unusual home in "as is" condition. After a month of research, talking with numerous experts, back and forth negotiating, and giving our final and best offer,  a text from the listing agent this morning read: 

"Can you talk? I don't have good news." 

 

I don't have good news

 

My first thought...what is there to talk about if the offer was not accepted?

Another offer came in beating out my buyers.

 

The listing agent who is also related to the seller was having an emotional time dealing with this property. She wanted my offer to win, but money speaks louder and that I understand. Her text saying I don't have good news

may have been good news after all.

Sometimes things are just not meant to be. And this may be one of them.

Immediately called my buyers to share the outcome: hurt, disappointment, and a few tears. 

Now we pick up the pieces, say NEXT and start our search for that one amazing but right home for this family.

So was that text terrible news?

Maybe not.

Time will tell. Wish me luck in finding the right home for this delightful family!

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Margaret Rome

 

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Broker-Owner HomeRome Realty 

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Author of Real Estate the Rome Way

mrome@HomeRome.com

410.530.2400

 

 

Comments

Hello Margaret- - -and maybe this was a blessing in disguise.  Good luck to your buyers on their search.  There's a right home "out there" for them. Good luck.

Posted by Michael Jacobs, Los Angeles Pasadena 818.516.4393 12 months ago

Michael Jacobs Thank you.

There is a right home out there and we are going to find it!

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 12 months ago

There's a reason that this particular house won't be 'the one' for your buyers. I suspect they'll find something they like even more.

Posted by Lottie Kendall, Helping make your real estate dreams a reality (Compass) 12 months ago

Good morning, Margaret Rome, Baltimore Maryland whether it's on the buying side or the listing side, my attitude has ALWAYS been: 

"When one train leaves, there's another one right behind it!!"

Posted by Barbara Todaro, Marketing Agent for The Todaro Team (RE/MAX Executive Realty ) 12 months ago

Good morning Margaret. Your currently disappointed buyers are in good hands for a better outcome that is forthcoming. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) 12 months ago

Your story reminds me of my very own experience buying a home, Margaret.  Back in 1982, I was looking for a house in my existing neighborhood.  One came on the market.  It was in less than perfect condition, but I felt I could make it work.  We were in negotiation, while I was doing a little fact finding about the cost of renovation and upgrading.  I ultimately lost out to another buyer who swooped in near last moment.  However, within hours another house, more suited to my needs came on the market, and I bought it.  While the proverbial window was closed on the first house, the door was opened on the one I bought.  I remain in this house to this day!

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) 12 months ago

Hi Margaret Rome, Baltimore Maryland - I am a firm believer that there is a good reason why things don't work out.  Every time an offer has either been rejected or the buyer chose to pass, they have found a home that they liked and fit their needs better.  I have a current client that just told me they are glad their first offer was rejected. 

Posted by Sheri Sperry - MCNE®, (928) 274-7355 ~ YOUR Solutions REALTOR® (Coldwell Banker Realty) 12 months ago

There's always a reason things go sideways. I too think the right house will appear - this clearly was not meant to be...

Still, it's easy to understand the initial disappointment when an offer is not accepted. D 

Posted by Debb Janes EcoBroker and Bernie Stea JD, REALTORS® in Clark County, WA (ViewHomes of Clark County - Nature As Neighbors) 12 months ago

Lottie Kendall, Of course, we will but it will take time and the disappointment is still fresh.

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 12 months ago

Barbara Todaro We all know the meaning of the next train is on the way.

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 12 months ago

Wayne Martin Our new search has begun. Think I will write a blog and dedicate the radio show to finding that home.

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 12 months ago

Myrl Jeffcoat It happened to me also. I "lost" a house thank goodness! I'm still in my original home for over forty years. Thanks for the reminder. I still drive by that "lost" home weekly. What a mistake that would have been!

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 12 months ago

Sheri Sperry - MCNE® We are all in agreement...just check out Myrl Jeffcoat s comment.

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 12 months ago

Debb Janes EcoBroker and Bernie Stea JD  Yes but  ''..., it's easy to understand the initial disappointment when an offer is not accepted. ''

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 12 months ago

Hi Margaret... I tell my clients that there is always a door out there with their name on and we just have to find it. I've found both, personally and professionally, when a purchase doesn't come together something better always comes along and that at the end of the day the bad news was good news.

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (Coldwell Banker Realty) 12 months ago

Nina Hollander Of course what you say is true. And I know we will find the right door. Hoping soon they can look at this experience that the bad news was indeed good news.

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 12 months ago

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