A $450,000 HOTDOG

By
Real Estate Broker with Daytona Condo Realty, 386-405-4408

My wonderful out of state client bought a condo in one of the nicest condo buildings in Daytona Beach Shores, and he likes it so much that he tells his friends and relatives about the opportunities.

He thinks that the time is right and this makes a lot of sense to buy the most beautiful condos for half of their price. Which makes two of us.

He calls me and tells me that he is bringing his relatives to stay with him for a few days and they want to buy a condo like his.

Well, they have never been here, so this does sound strange, but they are relatives, so maybe relatives follow each other...

They come, we spend 3 days showing condos going to see the units multiple times from early in the morning to late in the evening, and then the whole routine again, and then next day again…

Hotdog

There are a few excellent buys and Buyers are hesitating which they like more. They are not as keen in real estate as my client, and all three days they keep asking the same questions, and I keep explaining the same thing again and again. The condo living concept is foreign to them and it takes time to digest, which is fine with me.

Finally they decide on a particular unit, I write the offer, and they sign it, give me a check for $10,000, and from the office go straight to the airport. It is Sunday, so I am not in a rush to forward it to the Listing agent.

Three hours later I receive a call from the Buyer. They just landed, and he is in a rush to tell me that he is cancelling the contract.

Well, this was not the first time I witness the Buyer’s remorse, but I really love the explanation, which I was not soliciting. He said it was because they did not have enough money to purchase.

Few hours ago they had enough money (all cash transaction), and then in 3 hours they are poor….

Hmm, the only good explanation is that they stopped in Atlanta and went to eat at Nathan’s and their hotdog made them from rich to poor.

Freaking $450,000 hotdog

* Photo via Flickr.com Creative Commons License by TheBusyBrain 

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Topic:
Home Buying
Location:
Florida Volusia County Daytona Beach Shores
Groups:
Condo Specialists
Condos, What you need to know?
Diary of a Realtor
REALTOR LIFE
Realtors®
Tags:
buyers
jon zolsky
buying a condo in daytona

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Ambassador
1,305,410
Jon Zolsky
Selling Daytona paradise for heavenly good prices
Daytona Condo Realty, 386-405-4408

Sylvie - I think for all of us it is one thing before the offer is prepared, and it is the other after you have presented it

February 13, 2012 10:11 AM
Rainmaker
124,583
Matt Robinson
Pensacola Real Estate (850) 292-4000
ERA Emerald Coast Realty

Great title, it definitely got me to read the post.  That's a crazy story, and it is certainly amazing how someone could have the cash to make a purchase like that, and then suddenly they don't.  Obviously a tire-kicker, and a big time waster, but seeing as it was a direct referral from a previous buyer...I would have been out there showing them condos too.

April 16, 2012 09:34 AM
Ambassador
1,305,410
Jon Zolsky
Selling Daytona paradise for heavenly good prices
Daytona Condo Realty, 386-405-4408

Matt - they were pushed by their relative, and he kept pressing them, and when they got on a plane and there was nobody to press them anymore, they went into a remourse.

It just a funny pretext to claim that you have the cash, and then 2 hours later - no, not enough cash

April 16, 2012 10:07 AM
Rainmaker
260,368
Wayne B. Pruner
Tigard Oregon Homes for Sale, Realtor, GRI
Oregon First

I feel your pain. And you have a great title!

October 11, 2012 09:23 AM
Ambassador
1,305,410
Jon Zolsky
Selling Daytona paradise for heavenly good prices
Daytona Condo Realty, 386-405-4408

Tigard - thank you for your comment. :)

October 11, 2012 10:35 AM
Anonymous
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