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Message
re: Home Buying Negotiations between Buyer/Seller
Posted on 3/19/21 at 12:15 pm to gumbeaux
Posted on 3/19/21 at 12:15 pm to gumbeaux
quote:
I was buying the house I would want the roof replaced and a vent in the master bath before I bought it.
Sure, you can want it. But you have to pay for it
quote:
Other potential buyers will probably want the same thing..
Maybe, but maybe not because houses are really hard to find right now.
quote:
Lots of other houses on the market if the seller refuses.
Literally the opposite is true
Houses in my neighborhood are getting 10+ offers per house. There are way more buyers than available inventory. Buyers are offering crazy shite...full asking in cash + extra cash + extended lease backs, some are even offering no inspections. It’s nuts
1
Posted on 3/19/21 at 12:22 pm to Schmelly
quote:
is...THEIR realtor is telling them “you should do it, it’s not unreasonable and I’d hate for you to lose the sale”
Better have a cash buyer. Your buyer won’t be able to get a mortgage or insurance with a damaged roof.
Going through this right now and negotiated the repairs.
Posted on 3/19/21 at 12:31 pm to Eighteen
quote:
Houses in my neighborhood are getting 10+ offers per house. There
Dollars to donuts this isn’t in Louisiana. The market is hot but not that hot
Posted on 3/19/21 at 12:46 pm to Schmelly
quote:
They shoulda did this last year when the hailstorm hit. But they didn’t know they’d be selling so soon. Family expanded a little sooner than they planned lol
Just like everything else over the last year, you can always blame it on Covid and not wanting people in your house until you've had the vaccine.
This post was edited on 3/19/21 at 12:48 pm
Posted on 3/19/21 at 12:48 pm to MMauler
quote:
Just like everything else over the last year, you can always blame it on Covid and not wanting people in your house until you've had the vaccine.
That’s sad...and wrong.
Good idea
Posted on 3/19/21 at 1:00 pm to Schmelly
Have someone take a look at the roof, depending on the damage and price, hire someone to patch or replace some shingles, and if it is an entire replacement, get a quote and offer a repair allowance at closing. I wouldn't recommend a seller replacing an entire roof prior to closing. The buyer could still back out
Posted on 3/19/21 at 1:17 pm to Clark W Griswold
quote:
Buyers asking for too much will struggle to be taken seriously. Some places ar waiving appraisals and inspections because of this to get a house.
we live in a historic downtown district. just remodeled our 80 year old house and did our best to keep a lot of the historic designs in the process. with rolling the remodel cost and refinance of where we were at beforehand came in at $230kish.
another house on the same street about 10 blocks down in a much less desirable location did a whole home remodel as well. they have about 500 less sq feet, 1 less bedroom, 2 less, bathrooms, the backyard is pure dirt, and a tiny kitchen. We made some similar design decisions, but they absolutely went cheap in a lot of areas. They listed it for $250k and while it's nice, there's no way that i'd pay that much for it.
Listed it on 3/8, had an open house 3/14, sign was gone and it disappeared from Realtor.com on 3/15, and people are moving in today. They had to have waived appraisal, inspection, and a shite ton of other stuff to get that kind of turn around.
This post was edited on 3/19/21 at 1:20 pm
Posted on 3/19/21 at 1:56 pm to Schmelly
It’s a seller’s market. Tell the buyers to go frick themselves along with seller’s agent. Find a new one.
Posted on 3/19/21 at 2:00 pm to Schmelly
Do nothing 2 contracts full offer day 1 as is
Posted on 3/19/21 at 2:04 pm to gumbeaux
quote:
If I was buying the house I would want the roof replaced and a vent in the master bath before I bought it. Other potential buyers will probably want the same thing.. Lots of other houses on the market if the seller refuses.
Not in any current housing market I’m familiar with.
I would tell the buyers sorry, It is sold as is, give them 12 hours to decide and move to the next offer.
Posted on 3/19/21 at 2:06 pm to Schmelly
In today’s market, it’s as is. It will sell. Real estate agents are laziest and just want their commission.
Posted on 3/19/21 at 2:06 pm to Schmelly
The duty of an inspector is to find material defects that make a home unsafe to a buyer, not to create a tool to negotiate price on unless one of those defects was found. A hail damaged roof is not an unsafe material defect. Offer them a small amount of money or tell them to kick rocks.
Posted on 3/19/21 at 2:18 pm to tigeralum06
quote:
Make an insurance claim for the roof. That way you either get your own inspection for free or money to give to the buyer to fix the roof.
Pretty good resolution. I was on the other side of this. Home inspector raised some issues with roof. Got roofer to inspect, who said the roof needed replacement. Said it looked to be storm damage. Adjuster came and said it wasn't that bad.
Resolved in the middle ground with no acrimony.
Posted on 3/19/21 at 2:55 pm to Schmelly
Tell them no and call the other people back
Posted on 3/19/21 at 2:58 pm to Schmelly
quote:
How would the OT play it?
Same as you suggested. They'll roll over.
Posted on 3/19/21 at 2:59 pm to dillpickleLSU
In theory, this is true, but modern day inspections are no more than a punch list of every possible flaw in a structure and its systems. And while inspectors are hired to do just that, the laundry list of repairs can become an overwhelming row of dollar signs.
Plus, in many markets, buyers aren't getting the usual time to ask the normal questions they need answered. It's all about winning the contract.
Plus, in many markets, buyers aren't getting the usual time to ask the normal questions they need answered. It's all about winning the contract.
Posted on 3/19/21 at 3:05 pm to HouseMom
Depends....the new insurance company may not insure the home if roof is beat to shite and requires replacement.
Posted on 3/19/21 at 3:24 pm to Dragula
quote:
Depends....the new insurance company may not insure the home if roof is beat to shite and requires replacement.
That’s the buyers problem, if they don’t want that risk, they don’t have to buy it, and the seller moves on to the next offer.
Posted on 3/19/21 at 3:25 pm to rocket31
quote:THANK YOU!
why even use a realtor in this environment is my question
Screw using a realtor and paying out commissions in this market.
Posted on 3/19/21 at 3:26 pm to EA6B
quote:
That’s the buyers problem, if they don’t want that risk, they don’t have to buy it, and the seller moves on to the next offer.
this
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