On this episode of our Vlog, we discuss what happens when a client passes away before closing. Selling a home in today’s market can be stressful for all parties. The worst part is when everything is going well, and then all of sudden something terrible happens. Recently, we listed a high desirable home in Parkland, Florida and immediately received a cash offer close to the asking price. We required 10% of the sales price in escrow. Everything was going smoothly, but less than a week before closing, the buyer passed away. As a result, everyone involved was highly emotional, as expected. In my 14+ real estate career, I never experienced a client passing away before the closing. Even the expert real estate attorneys were left to question what to do next. In the end, all parties came together, and the seller was provided with some of the escrow deposit. Now, I am re-listing her home for sale. It was one of the most stressful experiences in my career, because I had never experienced this before, as well as all other experts involved in the process. I kept calm and researched this exact situation and called every expert in the business in order to find answers. Your real estate home is your # 1 financial asset. It is essential when selling your home to not leave it in the hands of a part-time or amateur agent. When a catastrophe of a buyer passing away can be the trigger for all parties to panic. I really kept my composure and helped my client deal with a very difficult situation. This is exactly why I became a real estate agent. I love helping people buy and sell their number # 1 asset. However, I also know that I must understand and connect with clients and put myself in their exact situations. I have a passion for selling real estate and every day, I must be prepared for anything!
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