All Forum Posts by: Sade Williams

Thank you! Yes, she know longer needs me but was coming to me for advice wondering how she can get out of the contract she was in to sell her home, the investor still wants the property and is telling her she has to sell to them still. I would assume one would consult before doing what she did but decided to do that after the fact. Does she have to sell her property? My broker was saying something about specific performance since the buyer waited until the Friday before closing to let the seller know they can't get in touch with the HOA may help her get out of the contract. I have wiped my hands with this client but I was just wondering what happens now for my knowledges.

Good Afternoon Bigger Pockets, Sade' here from South Florida. 

I am a new agent working with a buyer who is currently selling her current home to an investor because it is in preforeclosure. After looking for homes, she decided to wait until she closes before looking for her new home in which she would be buying cash with the funds from her current home. She was supposed to close on the property today however the investor contacted her on Friday letting her know they cant get in contact with the HOA, therefore the have not started the approval process. She then contacts the investor and tells them she wants to cancel and is no longer interested in selling her house. So my first thought is well if you dont sell now it will only be a bigger nightmare, we need to get the ball rolling since we have already lost alot of time, we need to get the application into the HOA ASAP while we extend the closing date. Come to find out after pulling teeth, she went ahead and mailed in the late payments on her morgage on monday, this is why she wants to back out of the contract. She is coming it to me because she was not represented by an agent when selling her house and is now in a bind. I have consulted with my broker on her options but has anyone ever been in the situation?

This is my first client too. 

I just took the exam on Monday and failed with a 71. I took the course online through career webschool and also ended up purchasing the cram course the weekend before. Honestly, the exam prep questions were COMPLETELY different from state exam. The actual text rather than the questions helped alot, the state exam seemed pretty tricky. However, they give you a print out of how many questions you get incorrect in each subject, so it helps when you are going to review. PearsonVue gives you the option to review your incorrect answers but you have to wait 21 days to re test....BEST OF LUCK TO YOU WILLIAM.