Re: Let the Games Begin

panda1234 · ‎04-27-2015

@Ms X wrote:
I'm no expert, but I'd rather subtract $$$ off the price than do work. That way, you sell the house and they're responsible for making sure the job is done right.

Excellent advice.

3suwm5 · ‎06-15-2016

Are you working with a Realtor, guess I'm late to the game here. If so, they should be able to advise you on what their realtor has suggested the buyers may go for.

We had the same thing, apparently our 'list' had somewhere in the 20's of items needing fixing. They came in with such a low ball offer, I thought my husband's head would explode. The buyers knew we were moving out of town, so all bets were off for us.

The buyers came back with wanting only a few things fixed and our realtor suggested we tell them we need these $$ to accept the deal. They did.

Hope this helps, good luck!!

I hate buying a house anymore because I always think about the sale down the road. Maybe that's a negative attitude, but we have been to this dance so many times I just hate to think about the music starting.

151949 · ‎03-09-2010

Our buyers came back with an 8 page report from inspection. We simply said no thanks we will find another buyer and miraculously they found they could get by with just a few small items fixed. Of course they wanted money off the price for them but my DH said we would fix them all. We had everything on their list done - they complained they wanted a new stopper in the BR sink which required a whole new faucett - we had the plumber do that - he used all plastic so I'm sure that probably didn't last long. They said the toilet wobbled and the plumber said ALL toilets wobbled if shaken hard - he stuck a shim under one side. We did have to have a upgrade to the electric on the heat pump because the law was changed since the house was built so we got an electrician to do that, and the inspector saw one carpenter ant out in the yard so they made us get the entire house sprayed and we had terminix come do that. All in all we paid about $800 and they had wanted $2500 knocked off the price. In fact , this is just all about people trying to get the price lowered. Our buyers were shocked when we said we would get everything fixed. it was a pain in the neck and we had to have documentation of every repair at the closing.

Mistreatedbycs · ‎03-10-2010

Offer presented, then we countered, they accepted...

then the Home Inspection report.....

it's an older home with updates I made but not everything...

buyer came back with a "short list" of 5 items which is now down to 3 for which one of the 3 I just agreed to pay for....pending the cost on the other 2 items I might say "no" or "some" but I wish someone would of told me I would need to make some concessions afterwards...I would of thought they saw and that's what they are getting....this is more stressful than buying a car.

On the item from today, I'm going to let them deal with it, it's going to take a lot of my time and coordinating everything, they can deal with it and get it fixed and then i won't have to worry about transferring anything in their name.

Snowpuppy · ‎03-09-2010

@panda1234 wrote:
@Ms X wrote:
I'm no expert, but I'd rather subtract $$$ off the price than do work. That way, you sell the house and they're responsible for making sure the job is done right.
Excellent advice.

ITA.

I was under contract as the purchaser and one major issue showed up. Seller said no problem, we'll fix it.

They sure did fix it. Themselves. Without taking out a permit from the city. I backed out. Lost my deposit but better safe than sorry.

Mominohio · ‎08-08-2010

@Ms X wrote:
I'm no expert, but I'd rather subtract $$$ off the price than do work. That way, you sell the house and they're responsible for making sure the job is done right.

Yep, this is it.

I guess the market is different in various areas, but I have never experienced this thing of people thinking the seller is going to fix/remodel/rebuild a house once on the market.

It is listed as is, negotiate a price, sell it as is for that price, and let the buyers do as they wish.

This whole mess of buyers demanding things be changed, remodeled, repaired makes no sense to me. Offer a price with the desired changes in mind and see if the seller will bite. If not move on down the road.

151949 · ‎03-09-2010

@Mz iMac wrote:
To avoid "the list," why don't home sellers sell their house "as is?"

I wouldn't fix anything either.

Because when you sell a house as is you get much lower offers. I knew my parents home needed a lot of repairs so I sold it as is and took the lower money but if you have a house in reasonable repair you are going to hurt yourself financially.

151949 · ‎03-09-2010

@klajfakj The normal course of events is that they make an offer that has a clause which says it depends upon inspection and you accept. They get the inspection done and give you a list of repairs then the negioting over those repairs begins. The seller can have the repairs done professionally and show up at the final inspection on the day of closing with receipts from all the contractors he hired to do the work or they knock some money off the price of the house for the cost of those repairs.It's all negiotiable.

riley1 · ‎03-10-2010

Once we got a list from the inspection we double checked it. Make sure you have read it carefully. They had things checked that we never had to begin with in the house/garage and weren't required to have. For instance, the backsteps should be x" wide and ours were x" wide - well, when the house was built 35 yrs ago that was code and we weren't changing them.

As our house was maintained and updated along the way so the inspection was not so bad. Some of it was nit picking I think to see what they could get. We did fix a few things and that was it. They also wanted a new roof! We told them if we replaced the roof (which there was nothing wrong with) we would stay in the house! LOL

Use common sense on what you are willing to repair and how much you are willing to put into the house.

151949 · ‎03-09-2010

@riley1 wrote:
Once we got a list from the inspection we double checked it. Make sure you have read it carefully. They had things checked that we never had to begin with in the house/garage and weren't required to have. For instance, the backsteps should be x" wide and ours were x" wide - well, when the house was built 35 yrs ago that was code and we weren't changing them.

As our house was maintained and updated along the way so the inspection was not so bad. Some of it was nit picking I think to see what they could get. We did fix a few things and that was it. They also wanted a new roof! We told them if we replaced the roof (which there was nothing wrong with) we would stay in the house! LOL

Use common sense on what you are willing to repair and how much you are willing to put into the house.

I agree - we got 8 pages of tiny little nit picky things. The only significant item was the code had changed since the house was built on the size of a cord to the heat pump and we did have to get an electrician to replace that. however , our electrician charged us $500 and the one they had an estimate from wanted something like $1800.

I don't think you can do these repairs yourself as we were required to bring documentation from the companies that did the fixes like the plumber and the electrician and the company that sprayed for ants to the closing.