Buyers' Agent........Grind Sirloin Not Our Seller!!!

By
Managing Real Estate Broker with RE/MAX Executive Realty

 

home inspectionWhat are the challenges that surface after most home inspections are done on a pending listing?  There is rarely a perfect home.  Perfection and construction are not two words that can be used in the same sentence.  There are too many adversarial factors involved such as changing seasons with the use of dimensional lumber!!! 

After that home inspection is complete and a laundry list is submitted with a chunk of change to be credited to the buyer or taken off the previously agreed upon price, what’s the next step?  Our next move is to review the list and apply a realistic cost of repair.  Some of the items must be repaired whether this buyer purchases the home or another buyer because of safety issues.  Those items will be remedied at the sellers’ expense by a licensed professional.  We always recommend that our sellers take care of electrical issues, for safety purposes.

The best part of having a home inspection with the buyers’ dime is that now we can go through the property and repair all minor items.  If there is a major repair, we disclose it from this day forth.  “When one train leaves, there’s always another one right behind it” and that’s the message to the buyers’ agent who uses the home inspection as a renegotiating tool to grind the seller for a better price.  We never fall victim to that ploy!! 

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negotiating after home inpection

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Rainmaker
78,029
Virginia Dean
Keller Williams Realty

Barbara, joined realbird but need to figure out how to use it for the team listings...too much to read, too little time.

thanks for your response

 

July 16, 2011 10:53 PM
Rainmaker
711,923
Jackie Connelly-Fornuff
Century 21 AA Lindenhurst NY
Long Island NY Real Estate Agent

Hi Barbara, I always tell my buyers to be realistic. Have the seller repair things that are safety issues and be reasonable about it.

July 16, 2011 11:50 PM
Rainmaker
1,827,456
Barbara Todaro
"New Franklin MA Homes"
RE/MAX Executive Realty

Virginia...there's a webinar every monday.....they show you the basics and it's great.

Jackie....that's the way to do it....

July 17, 2011 01:03 AM
Rainmaker
591,182
Laura Giannotta
Your Realtor Down the Shore!
Keller Williams Realty - Atlantic Shore

I love viewing listings that have already been inspected!  I also urge sellers to get an inspection...even if they don't repair items on the inspectors list, we have a general idea what to expect. 

July 17, 2011 05:53 AM
Rainmaker
1,827,456
Barbara Todaro
"New Franklin MA Homes"
RE/MAX Executive Realty

Laura....I can understand that....sometimes the entire report is in hand and can be shared....

July 17, 2011 06:21 AM
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Rainmaker
1,827,456

Barbara Todaro

"New Franklin MA Homes"
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Additional Information

The Kuney-Todaro Team is the "#1 team in Franklin's #1 office." Our expertise is in marketing new construction and resale properties. New construction is our niche and we have sold 40 subdivisions in the area of Franklin MA.