Perrysburg Blog

More and more deals.

Kaboom. 

It seems like for every one my team and I put together.  Kaboom.

But that’s not really accurate – some houses get 10 offers and it “feels” like there were 9 deals that died.

Some houses get offers, and I truly despise this term, “verbally accepted” . . . and then kaboom.

But was that really a deal?  Really an accepted offer?

National statistics are saying that right now 35% of all accepted offers are busted out and the deal fails.

My agents and my team all agree that is about the level of bust outs we see in Toledo.

Why?  How?

Here are the causes – which might have some value for you if you are buying or selling a house – to try to avoid.  And these are all reasons that I have seen recently in and around Perrysburg:

1. The seller is not able to close – too many mortgages.

2. The seller is not aware or has forgotten about a lien – not enough money.

3. The house does not appraise at contract strike price.

4. The buyer loses their job before closing.

5. The appraisal manager nixes the appraisal.

6. The seller cannot convey clear title due to a myriad of reasons.

7. The buyer changes their mind – and walks.

8. The seller dies.

9. The buyer totally, really, vanishes – like being abducted by aliens.

And the number one reason:

10. The loan is denied.

The best thing to do with most of these reasons is to buck it up, fix the title/inspection/paperwork problem and or find a new buyer.

And repeat the most powerful word in residential real estate sales “NEXT”.

This usually works great.

Everyone knows that Realtors need coffee and other caffeine laden beverages to function.   My profession has what my wife and I call, in a normal year, my “Summer Hours”.  That is when I go into the office later and come home at 9 or 10 at night because I have been out showing and selling that late every night.  Summer Hours start, usually, in the Spring and end in the Fall.

The invention of the modern coffee shop, and the lamented closing of Broske’s has allowed Realtors in Perrysburg to get their coffee or, in my case, tea fix.   Modern coffee parlors are excellent neutral places to meet to write an offer, meet a client, or meet another agent.

Therefore it is my pleasure to review the major Perrysburg Coffee Hangouts – I spend enough time at them, you might as well profit from my experience.  I will rate all of these Coffee Stores with “REALTOR PENS”.

#1 in a Series:  Biggby’s at the Shops at RiverPlace  (www.Biggby.com)

Location:  3 Pens.  In the Shops at RiverPlace.  Which I think is great – and close to my office.  The drive thru is a huge competitive advantage – their BEST feature.

Music: 1 Pen.  Canned.  Eecch.

Furniture:  3 Pens.  Nothing fancy but plenty of flat surfaces for writing contracts.

Drinks: 2.5 Pens.  Serious coffee drinks.

Staff:  3 Pens.  Apparently friendly and focused.  I am not that into the Biggby’s colors.  I don’t think they are either.

Most Annoying Feature:  The double edged sword of the drive thru.  Yes, it is their greatest feature, but with each and every order, each and every patron INSIDE Biggby’s can hear YOUR order and any comments or discussion you are having in your car.  Reminds me of being at Luton Airport one horrible day . . . “must bring noise canceling headphones . . .”

Best Feature:  2.5 Pens  The drinks and the prices.  This is the working man’s coffee joint.   No self-absorbed types here.

Weird Real Estate/Design Thing That I Noticed: The lights above the main counter.  They seem to be halogen fixtures.  But they are stuffed with what look like 100 watt regular bulbs.  Strange.  Spend all that money on the fancy fixture and then skimp on the cheap and ugly bulbs . . . And  I wonder how many fender benders they have had  out in front with people hurrying to get their Java fix.  Just wondering!

# of Laptop Outlets: 4  -  3 Pens.

Free WiFi:  No.  You have to register.  Why don’t you have your own AirCard?  (Every Realtor has one, right!?)

Overall – a great place to meet a client, an appointment, or to write a contract.  3.5 Pens  The drive thru alone gives them a huge advantage.

Next up . . . Starbucks.