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125: Deal Gone Wrong! Here's How We Pulled Off a Last-Minute Save
Manage episode 438354851 series 3478952
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In this episode of the Property Prophets Podcast, I share a behind-the-scenes look at a recent deal that didn’t go quite as expected—an experience many in real estate can relate to. We were set to close, the seller had signed, but then the buyer disappeared on us at the last minute. After a frantic search, we discovered the buyer's lender needed an appraisal on what was supposed to be a cash deal. On top of that, they hadn’t even submitted their earnest money—a major oversight.
As frustrating as this was, it highlights an important lesson: don’t rely on just one deal to carry you through. In real estate, things will go wrong, and when they do, having multiple deals in the pipeline ensures you're not left scrambling. In this case, we had to pivot quickly, moving toward a double close or a novation strategy to get things back on track.
Tune in to this episode as I walk you through how we handled the situation, the mindset needed to stay cool under pressure, and why keeping a full pipeline is essential to success in real estate. Whether you’re just starting out or have been in the game for years, this story will resonate and offer valuable insights.
I also share one of my top tips for managing direct mail campaigns effectively—an approach that has helped us secure great returns. If you’re using mail campaigns or planning to start, this could be the game-changer you need.
Don’t miss this episode! Listen in now for practical advice and real-world strategies, and make sure to share it with anyone else who could benefit. Be sure to leave a review if you found value, and stay tuned for more daily insights from the Property Prophets Podcast.
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