The timing of events in life can see rather cruel at times. Last Wednesday I wrote about my buyers who had to submit their “highest and best” offer on a home in Naperville. On Thursday we learned that the seller selected their offer over the other offer. Thursday night the buyers and I met to initial the changes to the initial offer. When I left them they were ecstatic about their new home. Friday I faxed the initialed offer to the listing agent and he faxed it back to me with the seller’s signature. We had a deal. Unfortunately, something else happened on Friday, one of the buyers was layed-off.
Without that income, they won’t be able to qualify for a mortgage, so the home won’t be theirs. There will be other jobs and other homes, but for now, there’s just a lot of disappointment.
ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale giving her the insights needed to help her clients negotiate the best price and terms. Fran has been quoted in numerous Chicago and national publications. To schedule showings of listings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
Fran Bailey, Realtor
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That’s just terrible! My heart goes out to them.