Re: Question - Selling Home - Page 4

Ibby114 · ‎03-10-2010

I don't think anyone way saying the seller pays for the buyers inspection!! that's almost as bad as if the seller and buyer used the same attorney!! Sellers were saying they did an inspection themselves prior to lsiting their home- so they had a heads up about what might appear when the buyer did their own inspection.

151949 · ‎03-09-2010

@riley1 wrote:
I would also advise you to read the inspection report. carefully. The inspectors generally use a form and can makes mistakes along the way. They had us down as missing a certain type of plug in the garage which the house never had and was not required. There were other things as well. Also as everyone in our case was selling a house, one of the buyers four houses back did not have the proper paperwork in order and it delayed everyone's closing date. Also our buyers wanted to move their belongings into my home before closing - I didn't allow that as I didn't want to be held responsible for anything. They were PO'd but that wasn't my problem. Closing isn't done until all have signed on the dotted line.

Our buyers kept visiting the house to show it off to relatives etc. It was a real PI A but there they were every few days.My DH kept saying I just have to remember they have our money in their pocket so we have to grovel until it is in our pocket.

HisElk · ‎09-30-2012

@game-on wrote:
I wish you best wishes on your new journey; this will be a busy month.... i would postpone my long weekends in August.... i would be sure i had everything ready for the move.... you know this can be viewed as an adventure.... enjoy yours.

Just wanted to say hello to gameon! Hope you are doing well.

Mominohio · ‎08-08-2010

@itsmagic wrote:
Personally I never counted on my house being definitely sold until I walked out of the closing with the papers signed.

This is me too. The last time we sold a house, the Realtor brought us a couple that made an offer, and we accepted, then putting in an offer on a new (to us) house. Thank heavens we made our contract contingent on the sale of our home, because we found out afterward, when the sale of ours didn't go through, it was because the couple didn't even have jobs, let alone prequalified for a loan.

Also, when we bought our current house, the day of closing, the husband told us they almost didn't come and were considering not completing the sale, because they had found out just the day before, that they didn't get the place they were looking at in another state. The wife was upset and was refusing to come to closing and complete the sale, but he luckily convinced her to do so.

So it isn't really a done deal until the ink dries.

That said, I think it would be smart to begin you packing, and box up things that you aren't using or that won't make the house look empty if you should have to show it again and solicit other buyers. Everything will most likely go according to plan, so you can be part way ready for whenever it happens.

Kalli · ‎03-11-2010

We've bought and sold real estate many times and I agree that it ain't over 'till it's over and the closing is done.

We always negotiate price, whether we're buying or selling. It's part of the deal. When we sell, we try to make things right and fair but we've already stepped back from situations that would've been unfair for us. Some buyers will continue to press and press if they think they can get away with it.

The biggest hurdle in the last 7 years or so has been financing. People who have good jobs still have to be able to put quite a bit down in order to get a loan. Not everyone can do that.

Good luck! I hope it all works out for you!

riley1 · ‎03-10-2010

15149 - yes, they would ride by and just show up at random times. I did let them in a couple of times for measuring and so the kids could see their future rooms. Then it became more and more - since we hadn't done a final closing yet I stopped the "visits" and said no to moving belongings in. I was just getting a gut feeling and didn't want anymore contact with them.

151949 · ‎03-09-2010

The people who bought our house had backed out on several deals previously. We heard at the dentist where her old friend was the receptionist and she was a patient. The dentist is our very close old friend and he told us an earful about this person. As a matter of fact we were so unsure of the deal going through that we asked the realtor to continue to show the house despite that it was under contract. By some miracle , they did actually close on our house.

WSfan · ‎03-09-2010

Sold my folk's house, where I was raised, about a month and a half ago. Offer was accepted in March. Then comes the inspection, title search, buyer waiting for loan approval, even though he was preapproved, bank appraisal, price negotiation, more price negotiation, final inspection, etc. To make a long story short, took 3 months before I had the check in my hand. Like another poster stated, I didn't consider it sold until I walked out with the check.

WSfan · ‎03-09-2010

@151949 wrote:
@riley1 wrote:
I would also advise you to read the inspection report. carefully. The inspectors generally use a form and can makes mistakes along the way. They had us down as missing a certain type of plug in the garage which the house never had and was not required. There were other things as well. Also as everyone in our case was selling a house, one of the buyers four houses back did not have the proper paperwork in order and it delayed everyone's closing date. Also our buyers wanted to move their belongings into my home before closing - I didn't allow that as I didn't want to be held responsible for anything. They were PO'd but that wasn't my problem. Closing isn't done until all have signed on the dotted line.
Our buyers kept visiting the house to show it off to relatives etc. It was a real PI A but there they were every few days.My DH kept saying I just have to remember they have our money in their pocket so we have to grovel until it is in our pocket.

There were mistakes in the appraisers report in our sale. I was the seller. Our realtor pointed it out to him, and he refused to ammend his report. I feel that it might have cost us a couple of thousand to the good in what the house was worth.

WSfan · ‎03-09-2010

@151949 wrote:
Unless you are selling the house cheaply to get rid of it in as is condition, you should expect they will find things on the inspection. They always do. For us - they saw one carpenter ant outside on the porch and made us have the entire house inspected sprayed for termites, Also a electric line from the box to the furnace was not up to code because the code had changed since the house was built 28 years before so we needed to get an electrician in. They also have to do a test to see if there was any radon gas in the house and that took 10 days.Some of the stuff was picky and we just negiotiated a lower price for that. Honestly, I can't see how you can possibly close on a house in 10 days .

When my son and DIL purchased their house, they had to pay for the radon test, and the abatement system to be installed because the test came back higher than it should be.