When you got to make that tough call to the seller

Today, my partner informed me that the buyer backed out of the deal for the 3-flat property in Riverdale. We’ve been working on this deal for the past three months, so it’s disappointing. The buyer stated that the property required too much work, and the numbers just didn’t add up for them. Unfortunately, this is part of real estate—things like this happen.

I had to explain the situation to the seller, which wasn’t easy, but it’s all part of the business. This is also a reminder of why it’s so important to keep your pipeline full.

Despite setbacks like this, it’s always a good day for real estate!

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