I’m in the middle of a Real-Estate deal, the conditions get waived tonight by 9pm. Part of the deal, had to be verbal - I chose to allow it. I could get screwed, but I wanted the rest of terms of the deal.
The buyers didn’t want my tenants, and asked for “vacant possession”, because they wouldn’t get financing with student tenants. They verbally told me they actually wanted the tenants ie they were going to lie to the bank. Heir go, the bank has told them, they can get financing if they rent to a family. Apparently, students are poor tenents - go figure.
I leaned back in my chair, and decided to have faith in human beings and accept the written offer as well as the verbal terms. Since, they did give me 3% higher than my ask after an awesome multi-bid evening, I figure - I’ve been lucky thus far. I’m being optimistic that their verbal declaration of a willingness to accept my tenents will come to fruition. I could get screwed, and sued if the buyers end up being ass hats. But, for now, in my youth - I’m choosing to have faith in people, and be optimistic, that it will all work out (and that they were being honest)
I’m taking a page for a smart dude I know, “To the optimist go the spoils” …time will tell if it was smart or not.
Recent Comments