Regardless of whether we are a Buyer, Seller or Realtor, we are all human beings and we all experience emotions when dealing with Real Estate and the current situation with our residential market today.
I worked for 9 months with a wonderful family, local to Phoenix, who listed their home with me as a Short Sale. Throughout the process, they supported every request that both I and/or the bank had. We worked so closely that I got to know them and appreciate their lovely family. A wonderful family with 4 children, all of whom have wonderful dreams of growing up and being successful in whatever they do. Their parents have instilled wonderful morals and values in their lives, and it was a pleasure to watch and learn from them.
Although the family was growing over the past year, they were also experiencing a rather emotional upset with the potential loss of their home. I had the privilege of spending time with them and explained the options available and answered questions to the best of my ability. I also referred them to a legal source for added questions which were out of the realm of my expertise. The family understood the differences between a Short Sale and Foreclosure and wanted their home to sell as a Short Sale, knowing they would have another chance, after renting for 2 to 2.5 years, to get back on their feet once again.
Regretfully, things didn’t turn out this way. We did get an offer for their home, which frankly did need quite a bit of work. The roof needed a complete replacement, the pool was empty and needed re-plastering, and the interior of the home needed alot of cosmetic work. We received what I felt was a fair and acceptable offer, however, the bank we were working with had their own formula which derived a number and they would not negotiate further, leaving the home to foreclose Monday of this week.
So I ask, is this not emotional for everyone involved in the transaction? My response to you is ‘YES’ it is ! The decisions and results impact everyone, Realtors included. We work hard, and put in many, many hours working with both our clients and banks to negotiate and attempt to bring a successful outcome for everyone. When we don’t achieve our goal, it’s not hard to feel like we failed. The blessing in this circumstance is that the Clients know… they realize how hard I have worked, what has transpired, and they do understand the outcome, and they also know that I won’t abandon them. I’m still here and will continue to be here for them; we will stick together and I will be there to take them out tomorrow morning at 9am to find a rental home for their lovely family.
They will be fine, they will settle in and adjust to their new life in a new house. Their lives will continue, and maybe someday, just maybe, our government will offer these wonderful families some sort of benefit, privilege, or forgiveness to allow them to move their lives forward before 7-9 years, since much of these outcomes are truly not caused by our homeowners.
The only consolation we have is ‘Where there is a Will, there is a Way’ and everyone will grow from the experience and be stronger for it. Does it really matter what property you are living in? Ultimately, ‘No”! As long as you have your health and family, then you can adjust to where you are living and “Close your eyes and tap your heels together three times, and think to yourself, there’s no place like home” regardless of where you are.
Joyce Corsi Hazen, REALTOR®, CNE, SFR
Long Realty Arizona Properties
Member of the Peoria Chamber of Commerce
Toll Free: 877-477-2578 (U.S only)
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