Groans

Oh, why does this business have to be sooooo hard! By the way, this photo is of a very nice three bedroom condo in the Shaw neighborhood. Priced at $129,900. A steal!

Well, I had one closing this week that was like pulling teeth. Wells Fargo kept putting restrictions on the buyer -- I need this, now I need that. Oy vey. Well, after she decided that she was going to switch lenders -- after they demanded that the condo docs be rewritten to remove a first right of refusal (what condo board is going to do that for one sale, huh?), all of a sudden they close -- after they denied her the loan.

Well, Heartland Bank here in St. Louis was willing to do the loan and could have closed it in a week. But, Wells couldn't stand that thought, so they bumped out poor Evan and closed it. Yay, for the buyer in the Bankers Lofts. Boo for poor Evan who started the process and then got bumped and entirely neutral on Wells Fargo.

And then, there's the broken lateral sewer in the home on Connecticut. The seller says he doesn't have the money to fix the sewer line, the roof that was badly done and the electric box. But, my young buyer who is a research scientist in neuroscience at Washington University, doesn't have cash to put out and a lateral sewer and a roof and an electric box are all more than he can spend. So, we need 'em fixed!

Well, the other agent and I have given on commission and we've got the bids on work pretty low, so we're waiting to see where this goes. Poor Harry is out of a place to live by the 28th!

Then there's 707. Well, the buyer has decided that a foreclosed piece of property down the hall from his unit scares him and he's not sure he wants to buy the penthouse he's contracted on. Well, foks. Foreclosed properties cannot affect your value. Appraisers are not allowed to use them as comps unless the whole building is foreclosed and if they do -- then they need to adjust the value to market rate again. So, no argument there. Plus, foreclosed properties are only a reflection of the owner -- not a reflection of the property. So, that is supposed to close on the 18. We'll see. The buyer is thinking about it.

So, most days these days I go home with a headache and get up in the morning with a tight chest nervous about the days dealings. But then, you get a compliment and some business coming down the pike from an attorney in Denver and -- everything is alright again.

The nature of the business. And I love it!