Why would I spend over eight hours at the airport?
Trust me, it wasn’t by choice. Seems the flight I paid for over two months ago was “overbooked” ”“ a common occurrence in the airline industry. Yeah, they sell more seats than are actually on the airplane. Add to that “mechanical issues” with the original plane, and the only available “substitute” plane was smaller, and you’ve got 23 lucky travelers that get to spend the day in DIA.
When trapped in an airport, one can only drink so many beers (and in this situation, that amount qualifies as “a lot”). So naturally, my thoughts turned to real estate, and how I could equate this experience to my chosen profession. (Sad isn’t it?)
About all I can come up with (and actually, my lovely bride Francy came up with it) is the interminable waiting that short sale buyers endure.
You see, I’ve been on standby status for two other flights. As the departure hour approaches I get giddy with excitement. Maybe they’ll call my name! Please please pick me! Then the door slams shut, and they announce, “Attention standby passengers, this flight is full. Please see the gate agent”¦”
And I’m sad.
This is strikingly similar to how buyers of short sales feel.
They put in an offer and they wait and wait (sometimes for months). They hope that at any moment their real estate agent will call and say the magic words, “The bank approved your short sale!”
Most of the time however, the bank never calls.
And they are sad.
At least I have hope. I have a “guaranteed seat” on the 9:15 flight to Phoenix. I will get home. Assuming of course the “guaranteed seat” has more meaning than the “guaranteed reservation” I had for the 12:05 flight”¦
The short sale buyer however, has no such promise. Oh, they may think they do. After all, they have made a strong offer, their loan is ready. Surely the bank will approve their purchase. After all, the bank doesn’t want to foreclose on the home and sell it for less than they’ll get if they just approve the short sale.
So as I sit here, waiting and waiting and hoping to hear my name called, I find myself relating to short sale buyers. They wait and wait for the call. The call that will absolutely take a LOT longer than the call I’m waiting for.
And for the short sale home buyer, it is a call that may never come.
That is more screwed up than an eight-hour plus flight delay”¦
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