Detroit Real Estate

Or should I say the pessimistic type, or the realist type.  What I am saying is that I don't trust foreclosure banks, Fannie Mae, and most foreclosure listing agents.  Unfortunately those are some things that are happening in our real estate market that just ethical or fair.  What I am talking about is that a deal is not a deal until all the addendums and papers are signed.

When you get a bank addendum you will see in black and white that the banks reserve the right to sell to anybody, or to change their mind and withdraw the offer until the documents are signed by all parties.  AND IT HAPPENS.

I had a client last year that had their offer unaccepted after another offer came in.  We had a email stating that they accepted our offer, yet we had to give a higher offer to win it.  This was with Fannie Mae! 

So I am always a little edgy, a little nervous until I receive the signed documents back from the listing agent.  That's why I rush you to get them signed, so I can rush them back for the bank to sign.  Time is of the essence.  Remember a deal is not a deal until ALL PARTIES HAVE SIGNED OFF.

Russ Ravary your metro Detroit real estate agent serving Wayne, Oakland, Livingston, Macomb, and Washtenaw Counties 

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