The tendency for humans to make dumb or unknowable decisions has torpedoed countless real estate transactions. But while some silly, frustrating or nefarious behavior can't be helped, real estate agents who know how human fallibility tends to manifest in their business can head off many snafus. From down-payment-draining boob jobs to botched faxes, here's a list of some deal-breakers that have probably caused their fair share of frustration. 1. Buying big-ticket items Perhaps it's worth beating buyers over the head with the idea that purchasing expensive stuff can jeopardize a mortgage closing. One of Walter Morris' clients lost a loan because she paid for a boob job just before closing, the Oxnard, California, agent said in the Facebook group Lab Coat Agents. Anne Thurmond, a Peachtree Corners, Georgia-based associate broker, said she also had a client who dropped her down payment on plastic surgery. Shelling out on new cars and in-ground...
- Clients don't always follow best practices when it comes to making big purchases before buying a home.
- Pickiness can manifest in buyer qualms about things like ghosts and apple trees.
- Sellers, negligent loan officers, romance, kids and the neighborhood atmosphere can also be reasons why deals go sour.
Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel