First transaction fell apart.

[Leigh Morgan]

I’ve had my license for about a year but delayed starting due to covid. 

I got my first buyer last month...we looked at three houses...he put an offer on one and we got it. There were 8 other offers and we got it due to quick closing ability by lender team as well as other factors. I was shocked and thrilled to actually have my very first shot at an offer accepted. 

My buyer’s lending team had been highly recommended but unfortunately the lender didn’t perform due diligence on one seemingly obvious piece and it screwed up our ability to close quickly. The sellers would face losing their pending home and had to terminate. 

I realize this is how it goes at times in RE but it’s frustrating when someone drops the ball on something pretty simple and obvious that should have been a question to ask, given my buyer’s unique position with his work/income situation. I won’t go into details of what was missed but any decent lender would have known to ask. And had it been addressed sooner, they could have saved the deal. 

I’m very detailed and careful in my work and I expect the same from others and this has caused so much discouragement and reminds me of why I’ve always preferred to drive my own ship (in my past career) without relying on others!  In this business, you absolutely have to rely on others and I would like to be able to have that faith but right now it’s been shaken. This is a tough start for me! 

[Anthony Hosea]

Hang in there @Leigh Morgan!

Like @Brenden Mitchum mentioned this happens ALL the time but I would like to stress not getting discouraged. Use this as a learning example and keep working with your client :)