Episode 94: What To Do When Real Estate Deals Fall Through
Join Joey and Mark for Episode 94 where we dive into the complex world of real estate transactions that don’t go as planned.
In this episode, we cover why deals fall apart, who is responsible, and what steps can be taken to mitigate damages. We discuss both the seller’s and buyer’s perspectives, and highlight the importance of pre-planning, communication, and proper use of conditions. Learn from our experiences and get tips on how to navigate these stressful situations effectively.
Whether you’re new to real estate or a seasoned pro, this episode is packed with valuable insights to help you close your deals smoothly.
CHAPTERS
(00:00) Introduction and Episode Overview
(01:00) Casual Catch-Up and Food Talk
(01:57) Discussing the Main Topic: When Deals Fall Through
(09:05) Seller’s Perspective on Failed Deals
(16:13) Buyer’s Perspective and Legal Implications
(20:47) Navigating Conditional Timelines
(21:38) Importance of Buyer-Seller Communication
(22:13) Trust and Agent Representation
(24:45) Lessons from a Failed Deal
(30:03) Pre-Approval and Appraisals
(34:10) Handling Closing Costs and Contingencies
(40:42) Communication and Professionalism
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WHERE YOU CAN FIND US
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Mark Savel: https://www.instagram.com/torontolivings/
Joey Virgilio: https://www.instagram.com/joey_torontolivings/
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