Shooting Yourself In the Foot… - Posted by JPiper
Posted by JPiper on May 09, 1999 at 11:29:07:
Your handling of this is what I call “shooting myself in the foot”.
Really, I guess you won the battle and lost the war?.you still have the properties/contracts. You “had” a guy that was interested but he evidently didn’t realize that a contract can be assigned, or that there could be simultaneous closing. So he stated it is “illegal”. Wish I had a nickel for every time I’ve heard that one over the years.
Right or wrong, this guy has 52 properties. He didn’t get there by being stupid. So he has property, he has cash, and you just blew him off. That to me is what I call stupid.
A better handling of this might have been to ask him a question. You might have asked “If it could be proven to you that assignment is not “illegal” would you be interested in these properties?” If his answer was affirmative, get your attorney on a conference call, and prove it?..or get the title company on the phone and prove it.
If I were you I’d call him back, apologize, and hope he accepts it. An error in knowledge can easily be corrected. What is difficult to correct sometimes is an air of superiority and egotism?.I’d start on that immediately if I were you.