Navigating a Real Estate Deal Gone South
In the complex world of real estate, not every transaction proceeds smoothly. Sometimes, despite the best intentions, a deal can “go south.” This might be due to unexpected findings during due diligence or a sudden change in circumstances for one of the parties. While some situations are beyond repair, many others are salvageable, and this is precisely where a skilled real estate agent proves their invaluable worth.
When a deal hits a roadblock, emotions often run high. The buyer, the seller, or both can become highly emotional, making it difficult to see a path forward. This is the critical moment for an agent to step in, armed with reason and logic, to act as a neutral and objective mediator.
The agent’s primary role is to guide both parties through a critical decision-making process:
- Is the Deal Salvageable? The agent must assess whether the issue is resolvable through further negotiation. This often involves encouraging both the buyer and the seller to give up something to overcome the hurdle and reach the closing table.
- Is it Time to Walk Away? Sometimes, starting over is the most financially sound decision for all involved.
Many deals that seem destined for failure are, in fact, salvageable with creative thinking.
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Emma McDaniel, CCIM
864-576-4660
emma@mcdanielandco.com