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Message
re: Home Buying Negotiations between Buyer/Seller
Posted on 3/20/21 at 11:31 am to Ingeniero
Posted on 3/20/21 at 11:31 am to Ingeniero
quote:
Houses are selling like hot cakes right now. I'd respond with an offer to clean the AC and provide an allowance for the buyer to repair the window. The rest they can get lost with.
Bingo we have a winner.
0
Posted on 3/20/21 at 12:20 pm to EA6B
quote:
There are locations in Lafayette, Baton Rouge, and especially New Orleans where a $300K house with bad roof and other issues will sell in a day, and be bulldozed for the lot.
Well of course this happens. Find me a buyer in SWLA who is buying a house for the house and writing off the roof repairs, then I will say you found a fool.
Posted on 3/20/21 at 3:21 pm to RexKramer
Yes I realized that after I posted it - thanks
Posted on 3/20/21 at 3:25 pm to DiamondDog
My last home sale the built in whirlpool tub had a loose faucet. I lived there eight years and never knew. You only would know if you grabbed it and yanked on it. It didn't affect anything but the inspector found it and the buyers wanted it fixed. I said NO because it would require cutting open the cabinetry. The access point at the back of the tub didn't allow access to the hardware. MY realtor got in my arse about fixing it because she was afraid it was going to screw up the sale. I finally had to tell her I wasn't doing it and I was going to fire her over the issue. She paid a plumber and cabinet guy out of her commission to come fix it. The sellers Realtor not representing the sellers interest really pisses me off.
Posted on 3/20/21 at 3:35 pm to Gorilla Ball
No worries
Posted on 3/20/21 at 7:59 pm to jbgleason
quote:
She paid a plumber and cabinet guy out of her commission to come fix it. The sellers Realtor not representing the sellers interest really pisses me off.
So basically you’re mad she did what had to be done to close the sale, didn’t cost you a dime and you still think she is in the wrong?
Sounds like she saved you from yourself.
Posted on 3/20/21 at 11:25 pm to Schmelly
I live in the Bay Area. The fact that they can even write an offer contingent on an inspection is fricking gift. I close next Wednesday and had to offer 40K over asking with no contingencies at all. No appraisal, no inspection, no nothing. No way in hell I would reroof a house for a buyer.
Posted on 3/20/21 at 11:28 pm to jennBN
quote:
I close next Wednesday and had to offer 40K over asking with no contingencies at all. No appraisal, no inspection, no nothing
Suckers market.
Posted on 3/20/21 at 11:32 pm to DiamondDog
Sadly I am getting a great deal by exploiting Chinese nationals with the number 8 but I digress. One of the homes we looked at in the Berkeley hills sold for 575k over asking...and that’s not a typo.
Posted on 3/20/21 at 11:58 pm to Schmelly
The roof issue will depend on the type of loan the buyer is getting. If it's VA or FHA then a roof inspection will have to be done paid for by the buyer. If the inspection report says roof replacement then you can hire your own inspection to be done as well. The deal will not close if there is a roof issue pending. Bc the home inspector raised the issue it will flag the lender to request the inspection. If it's a conventional loan then you don't have to do anything.
The who it sold in one day argument... Now that the home inspection has been completed you are required to disclose it to any buyer the new items that need to be repaired .. roof, ac etc.. so it could possibly sit bc the roof issue will not be easy navigate.
The who it sold in one day argument... Now that the home inspection has been completed you are required to disclose it to any buyer the new items that need to be repaired .. roof, ac etc.. so it could possibly sit bc the roof issue will not be easy navigate.
Posted on 3/21/21 at 2:00 am to DykonIcon
quote:
It's a seller's market. Fix the sink, clean the AC, and fix the window.
With the way this market is in DFW…I wouldn’t even do that shite
This post was edited on 3/21/21 at 2:01 am
Posted on 3/21/21 at 2:07 am to Lazy But Talented
imagine letting some housewife / bum steal 2-3% from your home sale "just because" 
Posted on 3/21/21 at 2:20 am to ZIGG
Yeah if there was ever a time to not need a realtor to sell a home, it’s now. Just a little effort could save you thousands if you aren’t a complete moron.
Posted on 3/21/21 at 2:25 am to Lazy But Talented
Yep. I would let them know the line is forming to the left. Take it as is or step to the back of the line.
Posted on 3/21/21 at 2:31 am to MrJimBeam
quote:
if you aren’t a complete moron
which most people in this country are
so they'll hire some bum arse realtor to do a couple of Google searches for them, and then gladly pay them 3% of their home sale afterwards
idiots
Posted on 3/21/21 at 5:57 am to DiamondDog
quote:
basically you’re mad she did what had to be done to close the sale
No. She went after me instead of pushing back on the unreasonable petty demands of the buyer. She was in their corner all the way. That's what was frustrating.
Posted on 3/21/21 at 6:31 am to Schmelly
Sellers absolutely have all the leverage now. They an sell “as is” and be fine most likely.
That won’t last. Real estate ebbs and flows but this is as much as sellers market than ever.
That won’t last. Real estate ebbs and flows but this is as much as sellers market than ever.
Posted on 3/21/21 at 11:45 am to jbgleason
I think the agents, appraiser, title company and mortgage brokers are all working behind the scenes against the consumers. But in the bay you don’t have much of a choice.
Posted on 3/21/21 at 11:50 am to MrJimBeam
quote:
Yeah if there was ever a time to not need a realtor to sell a home, it’s now. Just a little effort could save you thousands if you aren’t a complete moron.
Yeah most people are not completely competent in contracts, legal documents, and mineral rights...
Posted on 3/21/21 at 12:54 pm to Dragula
quote:
Yeah most people are not completely competent in contracts, legal documents, and mineral rights...
The sale contract is usually just boiler plate pulled off the internet, the title company prepares, and assures all the closing documents are correct, the only thing the agent does during a closing is show up to get their check. For the average city lot any mineral rights are a insignificant part of the deal, and most states have mineral rights laws in place to protect buyers and sellers.
This post was edited on 3/21/21 at 12:59 pm
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