“Refinancing may Not be the Answer”
Scott and I were blown away. We met with you with the intension of refinancing our two mortgages and you talked us out of the idea. How crazy! We thought you would just sit with us a few minutes and then start doing the mortgage application, but you never opened up the computer.
You spent nearly an hour quizzing us about what our plans were for the property going forward and the truth is we really want to sell, but haven’t been able to do that. The property had been on and off the market over the past two years. The two agents that had listed the property kept telling us that the property was overpriced and we should be below $800,000.
It was clear after much discussion, lowering the price was the correct direction as we needed to sell the property. We will meet with both agents to discuss lowering the price and decide on relisting with one of them.
We can’t thank you enough Mr. Petrowsky.
I have seen this so many times. When a property stays on the market for some time people start considering refinancing. It may be an option, but I talk the situation through with the client to make sure that is the correct choice for them. It certainly was not the correct decision for these clients.
Image courtesy of StuartMiles/Freedigitalphotos.net
