The Golden Rule and Real Estate

By
Real Estate Broker with Keller Williams West Sound Realty

In the Gospel according to Luke, we find the following saying:The-Golden-Rule-of-Real-Estate

"Do to others as you would have them do to you."    Luke 6:31

This verse provides the basis for what many refer to as 'The Golden Rule' or the Ethic of Reciprocity, which states one has a right or expectation to receive fair and just treatment, and a responsibility to offer similar fair and just treatment towards others.

Just recently, I had the pleasure of representing a 1st Time Home Buyer in the purchase of a property in West Bremerton WA. Overall, it was a fairly smooth transaction. I had the good fortune of working with the Listing Agent previously and knew her to be a very competent professional, as well as a strong advocate for her clients.

We navigated through the inspection process, where the Sellers kindly accepted to remedy all of the items the Buyers had requested. The required work was performed promptly and copies of relevant receipts were provided.

Sellers-should-clean-their-home-before-moving-outThe weekend before closing, I performed a final walk-through with my Buyer to visually verify that all work had been performed. The Sellers were busily packing the last few loads of household effects, so we could meet our Monday closing deadline.

On the day of closing, after receiving notification from escrow that the contract had funded and recorded, I turned the keys over to my joyful and excited Buyer, who immediately began the process of moving into her first home!

Imagine her disappointment at finding the home in less than 'move-in' condition. It was clear that the Sellers had made very little, if any, efforts at cleaning the home after removing their belongings. Even the most basic tasks of vacuuming and sweeping had been neglected. After several days delay and several hundred dollars paid-out for cleaning expenses, my Buyer was finally able to move in.

Let's face it, the relocation process can be a very hectic and stressful time for both Buyers and Sellers. There can be instances where time or travel constraints can prohibit us from ensuring that the home is left in reasonable move-in condition. In such situations, Sellers should be advised to budget for professional cleaning services paid out of escrow, or to provide the Buyers with a credit at closing to cover such expenses.

Both Buyers and Sellers (and their Agents) need to remember and apply the Golden Rule:

"Do to others as you would have them do to you."    Luke 6:31 

 

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  1. Linda Lipscomb 06/30/2009 10:22 PM
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Topic:
Real Estate General Information
Groups:
1st Time Buyers
ETHICS and the REALTOR
Life on the Kitsap Peninsula WA
Peninsula Real Estate
Puget Sound - WA Real Estate
Tags:
the golden rule
buyers
sellers
movein condition
post closing

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Rainmaker
1,172,401
Steven L. Smith
Bellingham WA Home Inspector
King of the House Home Inspection, Inc

Rich,

Frequently I am reminded of how complicated this field can be.

July 14, 2009 07:36 PM
Rainmaker
450,009
Teral McDowell
Residential Sales in Collin County, Texas
Keller Williams Central

A great application of the rule, thanks Rich.

July 14, 2009 09:25 PM
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Judi K Barrett
Broker/Owner, Integrity Real Estate Services -IDAB
Judi Barrett~Integrity Real Estate Services~Idabel, Oklahoma

Rich, This is so disappointing.  I've not had this happen but I'm sure that it will at some point.  I've had sellers do a better job of cleaning after it sold than  they did when we were marketing... one couple even did some painting after we had a contract on the house!

July 17, 2009 10:00 PM
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Brian Schulman
Lancaster County PA RealEstate Expert 717-951-5552
Coldwell Banker Select Professionals, Lancaster PA

There is always a question of when the final walk through should be scheduled.  Some want it early so there is time to work out any problems.  But if not done close to the settlement, there may be a recent problem that is not discovered until it's too late.

July 24, 2009 09:22 AM
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Liz Moras
Chilliwack Realtor, Garrison Crossing,Chilliwack, Abbotsford
Harrison Hot Springs, Cultus Lake

Its so disappointing when that happens - so did you pay for the place to get cleaned? Most I find leave it clean - but once in a while we're in for a big surprise.

August 17, 2009 06:49 PM
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Rich Jacobson

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