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THE CLOSING! OH, THE CLOSING!

In the beginning when I was very young in this business and believed all will be well in the world I represented both the buyer and the seller for the sale of a property. I was a hard sale many offers and counter offers over price. Like a divorce. But in the end it got done. About a month later we all went to the closing at very good closing company. I decide that since we were all grownups we could sit down at the table together and close the deal. WRONG!   As we all were sitting there going over the numbers the buyer suddenly said "I would have paid more". The seller retaliated with "I would have sold for less". And they were off, in an instant the grownups were in kindergarten. They yelled at each other and I thought they were going to come to blows. The closer having faced this problem in the past asked me to take one of the parties into another room. That was the last time I put the buyer and seller in the same room if I had my way.
Bob

3 commentsRobert Calistri - The Auction Specialist • September 12 2008 10:42PM

Comments

Anytime I have clients that are in any kind of legal dispute (divorcing) I keep them separated.  It can be very volatile especially when one party feels the other is at fault or getting a better "deal".  I have a great story on just this subject that happened back in 1988 this post reminded me of....

Thanks for sharing - it's good advice!

Posted by Lorena McMullen - Serving SE Michigan (Remerica United Realty) about 1 year ago

Robert. One in each room is the smart thing to do. Royal..

Posted by Royal Goodman @ GI Group, LLC (GI Group, LLC.) about 1 year ago

Hi Lorena,
Thanks, for the response. I hope it saves others from facinng the same problem.

Bob

Posted by Robert Calistri - The Auction Specialist (Real Estate Auctions, llc) about 1 year ago

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