This post was contributed by a community member. The views expressed here are the author's own.

Health & Fitness

"Realtor Says I Should Focus on the Mortgage and Not be Their Therapist"

He was right I was being more than a mortgage broker. I did everything I knew how to do to talk these buyers out of purchasing this property.

They are going from paying no rent to an $1800 per month mortgage payment. They have some late payments in their recent history, nothing real serious, but a symptom of future issues. Their debt ratios work, but not by much. These folks are spenders and had no real savings, if something goes wrong with the home they don’t have the money to handle the problem without going to credit cards.

The home inspection showed a number of potential issues, but they chose to move forward without asking for the sellers to handle some of the repairs or a price adjustment. No matter how I looked at this transaction, I didn’t like it.

Find out what's happening in Manchesterwith free, real-time updates from Patch.

Her parents had referred this couple to me, so I decided to call them and share my concerns. It turned out, they shared the same concerns and said they would help out if necessary. That didn’t make me feel a lot better, but I decided to keep moving forward with the transaction, even though I had lots of misgivings.

What would you do in this situation?

Find out what's happening in Manchesterwith free, real-time updates from Patch.

 

We’ve removed the ability to reply as we work to make improvements. Learn more here

The views expressed in this post are the author's own. Want to post on Patch?