Never a dull moment in Treasure Island Real Estate #8

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My poor buyer, we just could not believe this you probably won’t either.

Cash buyer flies in from Europe for 3 day, only to see properties and make an offer on one. We find the perfect deal, make the offer, didn’t get it, seller went for an offer that was 90% financing but $1000 higher sales price. So, my buyer makes another offer on a different unit. We did not get it, it was short sale and they had run out of time, so it was going into foreclosure.  The buyer comes all the way back here from Europe to look at more property. He tried to make an offer on a unit, but the Listing agent played games with us and took her merry time, till she could also present an offer from her own buyer, needless to ay, we did not get it. By now I am loosing tract of all the offers and rejections, my buyer is back in Europe and getting frustrated, as you can possibly imagine. Anyway, we make another offer on a unit. Comps came out to $225,000 asking price was $250,000

We offered $230,000 (I thought that was too much, but my buyer said I do not care, I want the unit) Long story short, the offer was countered 3 or 4 times, we are now offering  $249,000 cash, no contingencies, AS IS. Guess what, we did not get it, seller decided that he did not want to sell anymore (unit was on the market for over 500days)

All this time I am thinking that I must be in a very bad movie, WHO says we have a buyers market?

 

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