A big part of my job is making sure that our client’s real estate transactions flow as smooth as possible. We recently helped a La Quinta real estate client invest in a new construction home. And, at the same time we were asked to market and sell the current La Quinta home they were living in.
Well it wasn’t long before we brought our client an offer for their existing home which they accepted. That purchase offer however was contingent upon those buyers also selling their own home, on which they had accepted a purchase offer pending as well.
Buyers Need To Sell Their Homes Also
To complicate matters further, the people buying this other home also–you guessed it–needed to sell their own home too. This home was located in another part of California, and they had an accepted purchase offer as well, so let the transactions begin!
The good news here is that we had several very experienced agents working together every step of the way to get these four homes sold almost concurrently. One home at a time we worked together along with our Escrow and Title teams to get these transactions completed and all four transactions closed on time and within 24 hours each other. Everyone’s moving trucks were all lined up and ready to roll and I’m happy to report that all the moves went pretty much as planned.
This Was A New Real Estate Experience
I’ve completed hundreds of transactions here in the Palm Springs area real estate market, but this is my first contingent, upon contingent, upon contingent, upon contingent real estate transaction. Add to that the fact that each of these buyers were moving into their new La Quinta homes as their new primary residence–not a vacation home. That meant that everyone needed things to go according to schedule. Looking back now these concurrent transactions were challenging but fun and satisfying.