Real Estate Offers Don't Always Work Out

The person who offered me $250,000 to buy my house, immediately changed their offer to $225,000 when I told them I would accept their $250k offer.

And I am sure if I had accepted the $225k offer their offer would have then dropped to a $200k offer.

This happens a lot when dealing with buyers, at first it used to bother me, after a while you get to a point where you expect it and then don't really even notice it anymore.

I just read again how bad the lenders are clamping down on their loans, over 65% of the people who got loans last year could not qualify today for a loan.

That just means after I do find a buyer there is a 65% chance they won't qualify for a loan and I won't be able to sell them the house anyway.

The other really bad news is that I have been hearing about lenders who are going out of business, so some sellers are waiting and waiting once they have a buyer for them to get their loan then before the loan funds, the lender goes out of business and they have to start all over again.