by

Suburban Phoenix Real Estate Broker

Author website

Ya think it's easy?

“Dogs always lose at tug-of-war because they’d rather tug than win.”

I listed a house on January 29th that closed yesterday – eleven calendar days, inclusive, and the seller is out of state. The house sold in one day on market. I’m normally not quite that quick – it takes a few days to milk every offer to the limit – but we got an offer that we literally could not refuse.

Vide:

  • Full list price
  • All cash
  • Appraisal waived
  • Inspections waived
  • Repairs waived
  • Closing in 10 days (we lost a day to the HOA)

The house is tenant-occupied, a reddish flag in the midst of eviction moratoria, so it was impossible to pass on a contract where the only possible exits for the buyer were force majeure and acts of god. They literally could not cancel.

I am not your broker, and I am very glad that I am not representing buyers right now. But if you are, there is no posture quite so appealing to sellers right now as coming in completely supine, prostrate, waiving everything.

You can say the buyer of my listing was advised in ways that could lead to adverse consequences – that that’s what buyer protections are for.

My answer: They got the house.

In other news:

nbc4i.com: Just years after building San Francisco’s tallest skyscraper, Salesforce will let most employees work remotely indefinitely.

CNBC: Mortgage demand drops as interest rates hit a three-month high.

CNBC: Mortgage delinquencies sink to pandemic low, but distress is far from over.

City Journal: Recall Fever in California: Gavin Newsom might not be the only Golden State politician facing a reckoning. This makes great sense everywhere: Get rid of whom you can and preoccupy the ones you can’t.

City Journal: Come One, Come All: President Biden’s immigration agenda will be a disaster for working-class Americans.

Joel Kotkin: Environmentalism Is the New War on the Working Class.

Dennis Prager: How Many Americans Has the American Medical Establishment Killed?

Michael Goodwin: With acquittal a foregone conclusion, the real drama is what Trump does next.

Michael Walsh: Republican Ineptitude and Democratic Ruthlessness Put Liberties in Danger.