{"id":1550,"date":"2007-06-18T08:14:23","date_gmt":"2007-06-18T15:14:23","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1550"},"modified":"2007-06-18T08:14:23","modified_gmt":"2007-06-18T15:14:23","slug":"real-estate-relationships-do-what-you-say-you-will-do","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1550\/real-estate-relationships-do-what-you-say-you-will-do\/","title":{"rendered":"Real Estate Relationships: Do What you Say you Will Do"},"content":{"rendered":"

The long absence is finally over. After a grueling finals week and graduation, a two week vacation, a move to New York City, and a failed real estate deal, I am back with the pack. Based on the great content that I have seen coming from the site, I can assume my absence has gone unnoticed. In order to come back with a bang, I thought I would share a quick life lesson about real estate. The lesson: Real estate is a people business, so it is important to do what you say you will do, and maybe more, but certainly never less.<\/p>\n

Here is a quick example. My latest deal to buy two apartment complexes in Greensboro ended in utter failure because one person simply did not do what they said they would do. Before considering this deal, I wanted to be sure there would be enough financing in place to make it happen. While I could have really stretched, begged, and borrowed to get all of the 20% that I needed for the down payment, my trusted mortgage broker recommended I partner with a local investor. He assured me that he could find me a suitable partner within the 30 day due diligence period, so I proceeded with the deal.<\/p>\n

To make a long story short, no partner ever materialized and I was forced to bow out of the deal shortly before the end of the due diligence period. Given my upfront nature, I had already informed all parties that this deal hinged on me finding a suitable partner, which over a group dinner my mortgage broker ensured everyone would happen fairly quickly. Fairly quickly, turned into days, then a month and still a partner had yet to emerge.<\/p>\n

In the end the mortgage broker’s reputation was trashed after this deal. My agent, who does a lot of great commercial work in the area, has decided not to work with the mortgage broker again. Additionally, the seller’s broker has also black listed this broker, and I think it is obvious that it will be a cold day in a very hot place Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The long absence is finally over. After a grueling finals week and graduation, a two week vacation, a move to New York City, and a failed real estate deal, I am back with the pack. Based on the great content that I have seen coming from the site, I can assume my absence has gone […]<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,2,8,26,5],"tags":[],"class_list":{"0":"post-1550","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-blogging","7":"category-general","8":"category-investment","9":"category-lending","10":"category-real-estate","12":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":475,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/475\/blogoff-post-98-first-timers-search-gives-good-lesson-for-buyerssellers\/","url_meta":{"origin":1550,"position":0},"title":"Blogoff Post #98: First-timers’ search gives good lesson for buyers\/sellers . . .","author":"Greg Swann","date":"September 26, 2006","format":false,"excerpt":"This is one of my all-time favorites from my Arizona Republic column:I was out showing with first-time home buyers Saturday. This is my favorite job as a Realtor. Buying a home is never easy, but it gets easier with experience. We looked at 14 houses, all in the same area.\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":399,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/399\/blogoff-post-22-weblog-review-the-real-estate-tomato\/","url_meta":{"origin":1550,"position":1},"title":"Blogoff Post #22: Weblog Review: The Real Estate Tomato . . .","author":"Greg Swann","date":"September 26, 2006","format":false,"excerpt":"Jim Cronin's weblog, The Real Estate Tomato could not be better-named. Juicy, tart and refreshing. Jim has a terrific graphic sense, and that serves to liven the place up as well. This is a business blog, in more ways than one. Jim's evangelical mission is to spread the idea of\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":693,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/693\/baby-you-can-drive-my-sale\/","url_meta":{"origin":1550,"position":2},"title":"Baby, you can drive my sale","author":"Richard Riccelli","date":"November 27, 2006","format":false,"excerpt":"Discovered in my morning paper that the parking spot behind my house is worth more than the house. (Click quick before the item goes into the paper's gated community of unread articles). Average cost per square foot of condo in Boston to park yourself: $561.07. Average cost per square foot\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2610,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2610\/the-odysseus-medal-competition-voting-for-the-peoples-choice-award-is-open-20\/","url_meta":{"origin":1550,"position":3},"title":"The Odysseus Medal competition — Voting for the People’s Choice Award is open","author":"Greg Swann","date":"February 17, 2008","format":false,"excerpt":"We have 18 entries on the short list this week, out of a long list of 74 posts. Vote for the People's Choice Award here. You can use the voting interface to see each nominated post, so comparison is easy. Ahem: Please don't spam all your friends to come and\u2026","rel":"","context":"In "Blog Carnivals"","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12308,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/12308\/should-redfin-be-renamed-right-fin\/","url_meta":{"origin":1550,"position":4},"title":"Should Redfin Be Renamed Right-Fin ?","author":"Brian Brady","date":"June 16, 2010","format":false,"excerpt":"A La Jolla real estate broker noticed an article on Gawker.com, about a listing Redfin published, offering a currently occupied home (that isn't for sale).\u00a0 From Coastal Real Estate Stars: A new listing appeared on Redfin this weekend\u2026.1600 Pennsylvania Avenue! Now, in fairness to the Redfin folks, garbage in= garbage\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3217,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3217\/every-day-is-a-good-day-to-invest-in-phoenix-real-estate\/","url_meta":{"origin":1550,"position":5},"title":"Every Day Is A Good Day To Invest In Phoenix Real Estate","author":"Brian Brady","date":"June 7, 2008","format":false,"excerpt":"Every day is a great day to buy a single family home, even in Phoenix. That ought to rile up the analytical types here. Of course, that same principle applies to the stock market, as well. I started my career as a \"Financial Consultant\" but was mentored by some fellas\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=1550"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1550\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=1550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=1550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=1550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}