Industry News

Real estate transaction from hell

Fires, mud slides, rabid tenant and more
Published on Apr 8, 2004

Editor's note: One of the most amazing things about the real estate business is that no two transactions ever go sour exactly the same way. The difference between closing the transaction and having it "DFT" (deal fell through) is directly correlated to the agent's problem-solving skills and how well the agent's represent their client's interests. Inman News would like you to share your personal "Transaction from Hell" that you successfully closed by going over and beyond the call of duty. Be sure to provide the "gory details" and what you did to close the transaction. We will publish the best of these in future columns. Our first installment comes from Inman News columnist, Bernice Ross. Send your own horror deals to [email protected]   In October 1993, a good friend of mine listed his house in the Big Rock subdivision of Malibu, Calif. This area has a history of severe slides. In fact, it is so unstable the water lines are above ground. Prices are about 50 percent of other compara...

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