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When a Buyer HAS to Back Out......

A Good Realtor® will keep in touch with buyers/sellers from first contact and will follow up if they aren't ready or aren't due to relocate for a few months or even up to a couple of years. In the end we are rewarded with a loyal client. After working with a Hawaii Military Relocation buyer for about six months "long distance" and putting in offers for several short sales that went south they finally arrived.

Everything was as if we had known each other and that first meeting was very pleasant. We looked at property according to their criteria and took into consideration the length of time they would be able to stay in the military 'hotel'.

Hawaii Home BuyersWe finally found a home they loved:

  • Central Air Conditioning (only a few newer home subdivisions have central air)
  • Almost 1500 sq/ft interior (if you know homes in Hawaii ...this is BIG)
  • Spacious enough for their furniture in all rooms
  • The extra guest bedroom for all the guests that would be coming to visit
  • The extra bedroom for another family member that would be coming to live with them
  • It was in their price range and the area they wanted (there are few in this price range and sq/ft)
  • Corner lot home w/low maintenance yard
  • Double car garage with a driveway to park extra autos

And this home had just so much more. It had just fallen out of contract and put back up on the market as a new listing. It was a short sale but they would be replacing our contract with the previous as it would net the same amount. The association docs were only a week old and as soon as the approval came back we would be on our way!

And then the bomb dropped.

They are warned that they need to decide on base housing within two days or lose that option. The contract won't come back approved for up to one week due to the bank needing to issue the approval letter and they are worried that 'anything could happen' within the course of the transaction and then they would not have a place to live. They are going to back out of the contract.

Having a sure place to live surely takes precedence at this moment and......

We think in the best interests of our clients.

Good Realtors® understand that circumstances and situations arise that they have no control over. They felt so bad telling me that they could not take that chance and I assured them I understood. They will continue to look (they are in the unit for 6 months) and they said they will surely come back when they are ready.

I slept well the last couple of nights knowing I did my job well.

Of course they told me so too. :)

Posted Saturday Mar 14