With some exceptions, when we sign an agreement with them, we assume that they are going to be buyers eventually. The exceptions here are clients in our properties that are designated as rentals only. In the other cases, we figure their head’s on right. They have put the money down. They have gone through the wringer that Kevin puts them through to make sure that they step up and qualify. Flats in Greater Noida, Flats in Noida, Flats in Ghaziabad and Flats in Delhi NCR. But often what happens is they get into the property and their renter’s mentality comes back. They lose their line of thinking where they want to buy a property.
Kevin monitors the pulse of these folks. He comes in to our Monday meeting and says, These people are buying. They went in. Flats in Greater Noida, Flats in Noida, Flats in Ghaziabad and Flats in Delhi NCR., It looks like it’s going to be good. They are in gear. Then the next thing we know is we go to the house and they got ferrets and chickens running around and goats in the kitchen. The status report changes, I think the chickens alone would change that status report. We lose some soon to be buyers when they are in the renting mentality. Flats in Greater Noida / Flats in Noida / Flats in Ghaziabad / Flats in Delhi NCR.
When we were starting this business up, we figured that if somebody was going to sign and bring money to the table, they were going to buy. We have matured in this business over time. We have been hardened to some of the things that really happen. Not everybody is going to make it and some are going to take advantage of you. You get thicker skin as time goes on. Often, we sit down with somebody and listen to their story when they are trying to do a lease option. It is hard to be able to figure out whether this person is going to make it or not. We have been right the first time out and we have been dead wrong. When we were wrong, it was hard to understand.
Then there are the times when we were right and did not think we were going to be right. So, the moral of the story is, all you can do is do the best job you can with screening. Get the facts that you can, and if they have the money and the wherewithal, you give them a chance. Just work with them. There’s no crystal ball for this. If there was, I would have invested in it years ago.
You just have to accept the fact that you ca not be right 100 percent of the time. Something drastic will change. Flats in Greater Noida, Flats in Noida, Flats in Ghaziabad and Flats in Delhi NCR., They had a job and were on top of the world, and then the next day they do not have a job. You will hear a lot of stories. We have had people call in and we speak with them for a while. Then we find out that they did not even have a job. They get into the position where they are looking for somebody to give them a life preserver. Sometimes they are very thankful of it and they will do everything they can to be able to live up to the bargain. Sometimes they will not try to hold up their end.