There is room for paranoia in real estate. People do try things that aren't legal or ethical. But often a buyer or seller wills say, regarding something the other side does that seems unusual to them, "What are they up to?"
Usually this happens because the other side has not appeared to have acted in a way that is congruent with the way the speaker imagines a reasonable person would act in their situation. They may mean that the other person has acted as they might.
There is always the possibility of something troublesome going on with the other side. That is by the buyer with regard to the seller, or vice verse.
Not mot of the time, though you hear enough stories that you think the incidence of skulduggery in real estate is a log higher than it really is. For example, on one of my deals, the appraiser was in th house completing the appraisal ordered by the buyer's lender. The seller, who was there to let him in, asked the appraiser when the approval process would be complete. The appraiser said (It was Friday morning at the time) "I'll have the appraisal done today, my report in by Tuesday, and the approval should come on Wednesday.
Wednesday came and went, but no bank approval. My client was on the phone to me: "What are they trying to pull. I told him it didn't mean they were "pulling" anything. Things might just be slower than expected. And that's exactly what happened. On Friday the appraisal was approved and the house settled.
The moral of the story is not to assume the worst unless the worst is justified.
I'm trying to create a more knowledgeable buyer. How am I doing?
I have some other blogs, too. For my thoughts on entrepreneurship, go to www.hatman2.blogspot.com.
Go to www.byandforwriters.blogspot.com if you would like to get a short story published.
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Monday, September 7, 2009
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