“We’re ready to close” …Those are great words coming from an escrow officer.
- Buyer funds just received into to escrow- check
- All docs are in from both buyer and seller – check
Things were going great until my client (REO Seller) had asked for one last property inspection before our scheduled closing in 2 days.
Then I saw the items stored in the garage and some repairs being done on the interior of the home PRIOR to closing… and of course I had to send the photos to my client. I realized that I had been boxed into a corner by an agent who either:
1- Did not know any better and allowed this to happen or,
2- Knowingly allowed this to happen and hoped I would not find out or did not care about the fact that this was not permitted by my client under any circumstances.
Unfortunately it was the latter in this case.
Actions have consequences and by doing this the buyers agent jeopardized her entire transaction as the seller threatened to cancel the entire sale ( an believe me they were ready to). The agent reacted quickly to resolve the issues that very same day and if she would have been out of town or busy that day she very well could have had lost the whole deal for her buyer.
And then what?… Who do you think the buyer will blame when they lose the house and all the fees incurred? Not to mention what would have happened if the buyers actually injured themselves while performing repairs on the property themselves ( no contractor).
We really do have to be strong and adhere to the guidelines and protocols put in place during our escrow and closing process. We cannot let our desires to be a good friend to the buyer to cloud our judgement. We must first give sound advice and inform them of the consequences to their actions.
Jesse Madison is an expert in South Orange County Real Estate. As a Real Estate Broker, the cities he serves include Irvine, Laguna Niguel, El Toro, Foothill Ranch, Huntington Beach, Capistrano Beach, Corona Del Mar, Costa Mesa, Dana Point, Lake Forest, Laguna Woods, East Irvine, Laguna Beach, Laguna Hills, Aliso Viejo, Newport Coast, Newport Beach, San Clemente, San Juan Capistrano, Silverado, Trabuco Canyon, Rancho Santa Margarita, Mission Viejo, Ladera Ranch, Santa Ana, Fountain Valley, Tustin, Tustin Ranch, Villa Park, Orange, Portola Hills, Foothill Ranch, Dove Canyon, Coto De Caza, Las Flores, Rancho Cielo. As a top producing Real Estate Broker and HUD specialist he can help you reach your buying and selling goals properties in South Orange County.