“We have a Deposit on the Property”

“We have a Deposit on the Property”

 

 

 

Hi Joe,

Please put a stop to the refinance.  I'm really sorry but we got a buyer for the property and don't need the cash out.  I hope this did not consume a lot of your time.  Heidi and I will continue to use you and will have lots of new real estate adventures in the future. We gave the buyer your card, hopefully they contact you.

Thank you.

 

When I met with these flippers they wanted to refinance a home they were flipping as the property was not selling. They were paying 12% interest and the note would be due shortly. Getting a refinance done for these folks would not be an issue, but I recommended that they meet with their Realtor to discuss a price adjustment rather than spending the closing cost dollars and then renting the property.

 

Fortunately, they now have a buyer which was the best option for them.

 

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 10 commentsJoe Petrowsky • February 22 2017 02:32PM

Comments

Thanks for sharing  this very personal story.  Glad it worked out.

Posted by Peter Mohylsky, Your Bucket List Broker in Destin, Fl.. (BETTER HOMES AND GARDENS REAL ESTATE) 9 months ago

Good morning Joe. Sounds like a win-win here. Enjoy your day 

Posted by Wayne Martin, Real Estate Broker (Wayne M Martin) 9 months ago

Sounds like it worked out and you have a long-time client.

Posted by Nathan Gesner, Broker / Property Manager (American West Realty & Management) 9 months ago

Good morning Joe. Sometimes the business closes and sometimes it doesn't.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) 9 months ago

Well, hopefully they do come back to you with more business  in the future.

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) 9 months ago

Hopefully you have a client and a future client that has gratitude for what you do.

Posted by Joe Pryor, REALTOR® - Oklahoma Investment Properties (The Virtual Real Estate Team) 9 months ago

Joe, Holy Gads ... 12% on the note. Let's hope the buyer works out ... and that the buyer contacts you.  

Posted by Kathleen Daniels, San Jose Homes for Sale - Probate Broker (KD Realty - 408.972.1822) 9 months ago

Good Morning Joe - it is a great testimonial that they consider you a trusted advisor.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) 9 months ago

An honest advice is hard to come by these days!!! Hats off to you

Posted by Sham Reddy, CRS (H E R Realty, Dayton, OH) 9 months ago

Ouch - 12% is a painful number to see. I'm so glad that things worked out for them with getting a buyer and that they had other options open to them in case the best case scenario didn't work out.  

Posted by Mary Weiss, Trainer & Content Manager (Zillow Group Mortgages) 9 months ago

Participate