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The bottom line of this post is to disclose, disclose, disclose the truth about the property. Do it right up front, always be honest and let the chips fall as they may. Remember you are just selling the property, you did not cause the items that need to be disclosed. And I am sure you don't like bits to come back to get you later on. So disclosure is best.
The Mother and Daughter Realty Team, Rosemary Brooks
San Jose Real Estate Agent Tales - Two Lies and One Truth
I understand that the San Jose real estate market is challenging everyone. It does not matter if we are a San Jose real estate agent who lists San Jose homes for sale or a buyers agent who helps buyers find and buy a San Jose Home. The fact is that we all have a lot more work to do in a challenging hot sellers market. Some of the extra work can be easily avoided by simple management skills.
This San Jose real estate agent predominatley lists San Jose homes for sale. However, I do not exclusively work for sellers. I do represent buyers when it makes sense for me to do so. When I do list a San Jose home for sale, I always have the seller disclosures available prior to listing the home on the MLS.
It just makes sense to me. It also seems fair. The seller disclosures are like the history and physical on the home. If the property is a condo, then the HOA docs will tell a good story about the financial stability of the homeowners association. Writing an offer absent any information on the home, other than a walk through it, makes the process even more challenging and creates more work. This is my humble and professional opinion.
Here is an example of what I experienced in my recent communications with the listing agent of a San Jose home for sale. Keep in mind the offer deadline stated in the MLS is May 22, 2013.
5/16/2013 Buyers agent: Do you have disclopsures or any inspection reports on this property? There is nothing noted in the MLS. Thanks!
5/16/2013 Listing agent: No inspections, the sellers are finishing up their disclosures, should have them by the end of the weekend. Let me know if I can help :)
5/19/2013 Buyers agent: Are the disclosures now available? If so, please direct me to the location. Many thanks!
5/19/2013 Listing agent: No disclosures yet but they are working on them, will hopefully have them back tomorrow.
5/21/2013 Buyers agent: We would like to write an offer with no contingencies (all cash) however absent seeing any disclosures I’ve advised my clients against it. Please let me know when the disclosures are available.
5/21/2013 Listing agent: Thank you. Well on my end, I have been running nonstop for a week and have just given them disclosures to fill out so why don't you put a 7 day inspection contingency to make sure they know all about the property. That works on my side...
Well blow me down. Why not just say that in the first place? It would have not only been truthful it would have saved several emails back and forth during which the agent may have found time to get the disclosures to the sellers.
Do you think this is any indication of what it might be like working with this agent?
Kathleen Daniels, Broker-Owner of KD Realty, San Jose Short Sale Agent, Certified HAFA Specialist (CHS), Certified Distressed Property Expert (CDPE), Certified Short Sale Negotiator (CSSN), and REO Default Certified Professional (RDCPro), serving San Jose and surrounding San Jose Communities in Santa Clara County - Silicon Valley.
BMC Real Estate - the Mother and Daughter Realty Team. A Realtist, CDPE, FAS. We take the extra steps to ensure our clients receive the utmost care! Call 209-910-3706
We represent home buyers and sellers as their exclusive agents in the Central Valley, Bay Area and nearby counties. Your Real Estate Professionals.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.