Shorts sales and scrambling... seem to go "hand in hand"
Here a story of what a seller should not do!
Months ago, I listed a Mother/Daughter property where the sellers were separated and getting divorce. The husband's business was also having difficulties.
I heard that agent in our company, had a buyer with a specific need to have an in-law suite. I encouraged that agent to have her buyers take a look at my listing.
The property was a perfect-match, however it was priced over what the buyers were willing to pay (of course!). Again, through my encouragement to the other agent, they submitted an offer.
In reviewing the offer & the current market conditions with the sellers, we determined that the buyer's maximum number would result in a short sale. All parties quickly became aware of this.
I suggested that the sellers speak to their real estate attorney, who then encouraged them to go ahead accept the offer and pursue a short sale. The buyers were on board also...
The scrambling begins.....we immediately contacted the bank and got all the preliminary approvals for the short sale to submit the offer.
After about 30 days, we got the approval from the bank.
It was all going so well:
The closing was scheduled!
A few days before the closing I received a frantic call from the buyer's agent; the buyer's were just notified by their attorney that there is a hold on the closing.
The scrambling continues....I immediately called the seller's attorney who explained; the sellers were contacted by their divorce attorneys and needed to immediately sign the paperwork and get divorced. (There was some sort of timing issue).
Neither of them thought about contacting their Real Estate attorney, so now that they are no longer married, all the bank paperwork, title paperwork, settlements statements, etc. needed to be re-done.
"BUT WAIT, THERE'S MORE", their Real Estate attorney tells me....
After they signed all of their divorce papers, the divorce attorney told Mr. Seller to go ahead and immediately file for bankruptcy, (which there happened to be an office just a few doors down).
So, Mr. Seller took his attorney's advice and went ahead to filed a Petition for Bankruptcy.
This resulted in the closing to go on "hold"; (an automatic stay that prevents the conveying of title).
After an afternoon of us all scrambling, their real estate attorney suggested that Mr. Seller needs to go back and file to dismiss the bankruptcy.
Miraculously, this only caused a 3 week delay.
The dismissal was granted and a new closing date was established.
And for scramble finale; as the buyer's agent was doing the "final walk-through". The key from the lockbox will not work.
It appears that the seller decided to change the lock a week earlier to prevent a prior renter from entering the building. He neglected to tell anyone that he did that. We then needed to quickly locate a key for the final walk-through, so that the buyer can go ahead and close.
So, when selling a property:
Do not get divorced
Do not file for bankruptcy
Do not change the locks without telling the listing agent
Honestly, if I'm going to scramble, I prefer it to be my eggs!!!
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Toula N. Rosebrock (of Diane Turton, Realtors) - Broker / Sales Associate - Specializing in all of Ocean County - Lacey Township Real Estate, Forked River / Lanoka Harbor
Unique Name ... Unique Agent ... Unique Service!
Websites: www.Toula.org www.ToulaRosebrock.com
& www.OceanCountyNJRealEstateSales.com
Waterfront Properties, Single Family Homes, Multi Family Homes, Condos, Townhomes, Adult Communities, Vacant Land, Commercial Properties, 1031 Exchanges
The Oyster Creek Generating Station is having a"Community Information Night" On Thursday, June 18, 2009
to learn about Oyster Creek's operations, safety, security, environmental programs, aging management strategy and other aspects of running a safe, clean and reliable nuclear energy plant.
Free:
Date: Thursday, June 18, 2009
Time: 4:00 - 8:00 pm
Location: Oyster Creek Education Center
To RSVP Contact 609-971-4923
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Toula N. Rosebrock (of Diane Turton, Realtors) - Broker / Sales Associate - Specializing in all of Ocean County - Lacey Township Real Estate, Forked River / Lanoka Harbor
Unique Name ... Unique Agent ... Unique Service!
Websites: www.Toula.org and www.ToulaRosebrock.com
Waterfront Properties, Single Family Homes, Multi Family Homes, Condos, Townhomes, Adult Communities, Vacant Land, Commercial Properties, 1031 Exchanges
Lacey Township Market Stats
Lacey Township Market Stats - Current - YTD
ACTIVE PENDING SALES SOLD
JAN / FEB / MARCH / APR / MAY
Forked River Waterfronts 82 6 4 / 0 / 3 / 4 / 4
Forked River/Non-Waterfront 166 38 11 / 10 / 4 / 13 / 13
Lanoka Harbor Waterfront 34 2 0 / 1 / 1 / 1 / 2
Lanoka Harbor/Non-Waterfront 50 15 5 / 3 / 1 / 5 / 6
Bamber Lakes 3 0 0 / 0 / 0 / 1 / 0
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Toula N. Rosebrock (of Diane Turton, Realtors) - Broker / Sales Associate - Specializing in all of Ocean County - Lacey Township Real Estate, Forked River / Lanoka Harbor
Unique Name ... Unique Agent ... Unique Service!
Websites: www.Toula.org www.ToulaRosebrock.com
& www.OceanCountyNJRealEstateSales.com
Waterfront Properties, Single Family Homes, Multi Family Homes, Condos, Townhomes, Adult Communities, Vacant Land, Commercial Properties, 1031 Exchanges
It's the end of week EIGHT since my Growth Leader website went live!
My website is: OceanCountyNJRealEstateSales.com
Hard to believe that the weeks have flown by so quickly.
I had a fellow Active Rainer ask me about this system. Honestly, I would recommend anyone to give it a try...
I'm getting a steady flow of activity. Potential buyers are signing up for automatic updates and a handful have asked questions about various properties.
I have been actively showing properties to one potential buyer.
Here are my stats to date:
19 potential buyers signed up on my website
Several webinars are offered. I just took another class called Vision 301. I find these class fun and informative.
Stay tuned for my continued weekly updates!
Toula N. Rosebrock (of Diane Turton, Realtors) - Broker / Sales Associate - Specializing in all of Ocean County - Lacey Township Real Estate, Forked River / Lanoka Harbor
Unique Name ... Unique Agent ... Unique Service!
Websites: www.Toula.org and www.ToulaRosebrock.com
Waterfront Properties, Single Family Homes, Multi Family Homes, Condos, Townhomes, Adult Communities, Vacant Land, Commercial Properties, 1031 Exchanges
It's the end of week SIX since my Growth Leader website went live!
My website is: OceanCountyNJRealEstateSales.com
The weeks are flying by!
I've continue to receive several people checking out the website and signing up to obtain information from the multiple listing system.
But, I had a wonderful surprise the other day.
One of my clients that I just closed two sales with, their listing and their new purchase, visited the website and signed up to received information from the MLS.
I asked how they came across my new website.
It appears that they've been following my blogging! How cool is that!
They went on to tell me that they LOVE their new home. They were checking the mls and realize that they got a great deal on the new house!
We love happy customers....
Stay tuned for my continued updates!
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Toula N. Rosebrock (of Diane Turton, Realtors) - Broker / Sales Associate - Specializing in all of Ocean County - Lacey Township Real Estate, Forked River / Lanoka Harbor
Unique Name ... Unique Agent ... Unique Service!
Websites: www.Toula.org and www.ToulaRosebrock.com
Waterfront Properties, Single Family Homes, Multi Family Homes, Condos, Townhomes, Adult Communities, Vacant Land, Commercial Properties, 1031 Exchanges
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Broker-Sales Associate - (609) 290-7725 cell Specializing in Ocean County, Waterfront Communities & Residential Construction. "Unique Name...Unique Agent...Unique Service!"
Committed to Customer Service & Customer Satisfaction.
Bachelor's Degree in Business-Marketing
Agent since 1997. Broker since 2005.
25+ years of Residential Construction Experience.
Worked in Corporate America from 1975-1997
Office Agent of the Year 2003 thru 2007
NJAR Circle of Excellence award recipient ; 2008 Silver / 2007 Silver / 2006 Gold / 2005 Gold / 2004 Gold / 2003 Silver / 2002 Bronze
www.oceancountynjrealestatesales.com
Visit Toula on her websites:
Committed to Customer Service and Customer Satisfaction, Toula Rosebrock is known for the professional care and respect she offers Buyers, and Sellers, regardless of their price range. Attention to detail and focused perseverance, is the foundation upon which her success has developed. Extremely hard working, loyal and her genuine concern for others would best describe Toula's philosophy in her life and her Real Estate career.
Specializing in Waterfront Properties and Residential Construction
Expertise in Resales & New Construction.
Serving all of Ocean & Monmouth Counties - Single Family, Multi-Family, Adult Communities, Vacation Properties, Condo/Townhomes, Vacant Land and Commercial Properties
Make your BEST move, "call only Toula". Helping people with all of their real estate needs.
"Unique Name...Unique Agent...Unique Service!"
On a personal note, Toula also runs a non-profit rescue for homeless pets, Pet Agree Rescue.
Specializing in Ocean County. Waterfront, Residential - Single Family/Multi-Family Homes, Adult Communities, Commercial, Vacant Land, 1031 Exchanges, Short Sales, Foreclosures. Full Service!
TESTIMONIALS:
Toula, You're the woman. Seriously. You're the BEST agent I've ever worked with. The entire transaction was an absolute pleasure, and I genuinely look forward to working with you again. Sharon Curran, Prudential Bay Front - Brick, NJ
HELPING BUYERS & SELLERS WITH ALL OF THEIR REAL ESTATE NEEDS!
Call Direct at 609-693-0295 or cell at 609-290-7725
Visit my websites at
www.oceancountynjrealestatesales.com
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