A hypothetical duck-alignment.

By
Real Estate Broker with Coldwell Banker Residential

Seriously... it's hypothetical, it's not about me... I promise!

Alan is a great agent, stellar, in fact... but two years ago, Mrs. Alan lost her job, due to health problems, she'd been in and out of her doctor's offices, and had a couple of surgeries.  The bills have piled up, and there are a lot of medical bills. 

Due to the loss of her job, they're been surviving on Alan's income alone for the last two years, due in large part, to Alan's juggling of lots of ducks.  Fortunately, Alan planned well, and did what any good real estate agent would do.  He set aside a full third of his income, year after year, and had plenty of money set aside for a down market.

Unfortunately, nobody expected this down market to last quite as long as it has, and for Mrs. Alan's medical problems to coincide perfectly with the down market.

To top things off, this is the year, that Mr. and Mrs. Alan's older daughter began college, and while it's not Harvard, it's also not cheap. And yet, due to Alan's smart planning, and lining ducks in a row, they've managed.

Mrs. Alan is on the mend, and almost ready to return to work.. but not quite yet.

They're paying off the medical bills as quickly as possible, but credit cards have been maxed out, and while there are no actual 30-day-late fees, their credit score has plummeted from what it once was, based on their credit card ratios, and a handful of slow-pays.

In an interview with a potential buyer, they have asked to see his credit report.  And upon viewing that credit report they've determined that he's not "fiscally responsible" enough to handle their transaction.

Lesser agents who'd not planned as well, might have fallen by the wayside.  But, no, not Alan.  His superior financial planning has allowed Mr. and Mrs. Alan to stay afloat, and in fact remain financially viable.  It's amazing.  And yet, his credit report tells a different story.

- 4

Posted by

 ALAN MAY, Realtor®
Specializing in Evanston Real Estate and North Shore Real Estate

Coldwell Banker Residential Real Estate, 2929 Central Street, Evanston, IL 60201
847.425.3779      Cell: 847.924.3313      Email: Almay@aol.com

Evanston Real Estate & North Shore Real Estate
Licensed in Illinois

   

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ducks in a row

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Ambassador
957,851
Alan May
Evanston & Northshore of Chicago real estate
Coldwell Banker Residential

Hannah - as a relocation certified agent, I've had to pass the criminal background check.

February 07, 2012 03:51 PM
Rainmaker
281,395
Randi Brammer
Accountant & Tax Preparer
Randi Brammer, Acctg.

I have had clients ask some very personal questions.   I just tell them that they are not relevent to what they are trying to do.

February 07, 2012 06:20 PM
Ambassador
957,851
Alan May
Evanston & Northshore of Chicago real estate
Coldwell Banker Residential

Randi - hopefully they understand that.

February 07, 2012 07:55 PM
Rainmaker
308,974
Vern Eaton
Realtor 320-630-6995

Very enjoyable and very palusible.  I like the humor you injected also.  Makes a person think.

February 09, 2012 04:22 PM
Ambassador
957,851
Alan May
Evanston & Northshore of Chicago real estate
Coldwell Banker Residential

Vern - I've been called many things, and humorous is one of them.  As long as there's no pointing and laughing, I'm okay with that.

February 09, 2012 04:55 PM
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Alan May

Evanston & Northshore of Chicago real estate
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