Wow! What large nuts you have

                                                       

Recently, I was told that it was a buyers market and I had to somewhat disagree, and when I saw a copy of
another agents repair addendum, I was floored! A listing agent was telling me this and when I disagreed that it
was a complete buyers market, then she told me to read this.

It was a repair addendum for a listing she had! For the record, they told the buyer where to stick it, because they
knew this was the kind of buyer that was going to sue the after the sale no matter what they said yes too. This
house had been on the market 3 days when this offer came in! $5,000 under asking price, but they wanted to
sell quickly so they took the offer. But, wait until you see what they ask for next!

The buyer then had an inspection and on there repair addendum these are just a few of the items on the 3
pages! There were cracks in the driveway and the buyer wanted the seller to rip up the driveway and replace it
with blacktop. Then two light bulbs were burnt out, so they wanted those replaced as well as two 4 packs of light
bulbs should any other burn out prior to close. OH IT GETS BETTER! Since there was really nice landscaping that
they didn't know how to take care of, they were requesting the seller to pay for landscaping for one year or come
over every month for six months to help them keep it up. Then, to top it off, they wanted the seller to pay for all
their closing costs, prepaids and the additional 1% they agreed to pay their agent in a buyer's agency
agreement! This agent was already getting 3% from the listing agent and they wanted her to get another 1%
because the buyer agreed to pay her 4% in a buyer's agency agreement!

When the listing agent called the buyers agent about this repair addendum, she said "You do know this is a
buyer's market, right?" WOW! I guess I was wrong it is a buyers market! Even the squirrel was jealous of these
buyer,s nuts! Also if you are thinking this was a million dollar property, you would be wrong! It was on a
$210,000 1974 ranch!

Wife's update to my blog:

Q: How do you stop squirrels playing football in the  
   garden?  

A: Hide the ball, it drives them nuts!  

Todd Clark - broker
Kastings & Associates
Phone: (503)524-9494
Fax: (503)622-8739
Todd@IFoundYourNewHome.com
http://www.ifoundyournewhome.com/

Creative Financing

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15 Comments on Wow! What large nuts you have

Great post ... especially the title!  No matter what kind of market, it's still the seller's house!

09/28/2007 11:47 AM by Nancy Moeller (RE/MAX Real Estate Services)


OMG.....that was wrong in so many ways, but the point is clearly well taken!

So, it is a buyers market; when are you writing that contract because you know we're all starving to death, right? a client said that to me last night....I'll probably blog about it later......:)

09/28/2007 11:54 AM by Bill Nazur (Nazur Enterprises, Inc. & BAMG)


I'm surprised they didn't ask that the buyer come back every Sunday to cook and serve dinner.

Sounds like a buyer with no money and no brains, a dangerous combination

09/28/2007 11:57 AM by Innovations Realty Inc


LMAO!! It sounds to me like this buyer decided they didn't really want that home after they agreed to the contract. They knew if they made rediculous requests the seller would tell them to take a hike.

09/28/2007 12:04 PM by Assist-2-Sell, Home Buyers & Sellers Realty, Inc.


Now i'm all for getting my buyers the best deal, but that is just nutty!  Hopefully a light buld goes off in the sellers head on their next offer! 

09/28/2007 12:07 PM by Chad Baird (Re/Max Spirit)


Unbelievable - I have heard that it is a buyers market, not a looney tune market! Wow, I haven't seen any offers like this, YET. Hopefully I wont, either!

09/28/2007 12:12 PM by No Longer Active Albany & Brownsville OR Real Estate (No Longer Active)


You're really "cracking" me up this morning! I'm sorry but at this point I can't see through the tears of laughter to read your post. Todd, I think you and I have the same juvenile sense of humor. I'll have to come back and read it when I can stop laughing. Doh!

09/28/2007 12:15 PM by Eugene Oregon Real Estate ~ Bridget Armstrong (Oregon Real Estate Properties)


This stuff makes me sick.  As the sellers agent you would have to ask the buyers to get serious.  "How about we remove these annual service contracts (putting it nicely) and you make an offer at a lower amount?"  Who could agree to any of these requests?  When you sell a home, a deed is transferred and the Seller has no more responsibilities (as long as there are no failures to disclose significant problems).  That is the point of the sale!  What nerve! 

09/28/2007 12:54 PM by Martinelli Caputi & Associates, Ltd. (Martinelli Caputi & Associates, Ltd.)


Todd you're cracking me up here!!!! Great title for a post. These buyers are loco amigo. I love the spare light bulbs!!

09/28/2007 05:49 PM by Bryant Tutas-Tutas Towne Realty, Inc


Nancy - I'm glad you liked the title. I couldn't believe what they were asking for myself.

Jason - I wish those picky buyers would have picked another agents home!

Bill - Why was that wrong? lol

Fred - Who knows what their problem is.

Mary or Michelle - I didn't think abou that, but I bet you are right!

Chad - I seriously doubt it! You have to have the electricity on to have the light bulb go off

Alecia - It was complete BS

Bridget - I'm sorry but I don't feel bad about making you cry - lol (Hey is that a beaver?)

Richard - The listing agent said they seller wanted a copy of the contract just to post on the internet to say how stupid the people are!

Bryant - You know you are thinking about asking for all this on your next offer aren't you!

 

 

09/28/2007 09:08 PM by Todd Clark (Realtor), GRI (Washington Co, Beaverton Oregon) (Kastings & Associates, Beaverton Oregon Real Estate)


Todd, Great post, By the way Doug Beaver here and I see you are from the Beaverton area ?

09/28/2007 09:20 PM by Doug Beaver - Corona Norco Riverside Homes (Century 21 Olde Tyme)


Doug - OK, that is way to funny. The Beaver comment to Bridget was a inside joke on one of her blogs earlier today. But, still dang funny. Glad you could stop by, but admit it with a title like that you just had to know what it was about didn't you?

 

09/28/2007 09:27 PM by Todd Clark (Realtor), GRI (Washington Co, Beaverton Oregon) (Kastings & Associates, Beaverton Oregon Real Estate)


Todd,

I enjoyed your post.  Pretty funny in a very sad way.  I'm a home inspector.  I've had clients that wanted pretty outrageous things but usually I can talk them out of things that are unreasonable.  Pre-paid landscaping? That's a new one. I hate hearing stories like this because the greed of some buyers is scaring alot of home owners into sitting tight for a while until things get more favorable.  That's hurting everybody. 

09/30/2007 06:54 PM by Bill Duncan (Home Status Inspection Company, LLC)


I almost lost it again after reading your comment back to me (darn you). But after the ducks lost, my spirits are not as giddy as they were on Friday when I attempted to read this the first time. Very funny post, unbelievable really. I'm sorry but, what were those buyers and their agent smoking exactly? Some people make it very clear that they DON'T REALLY WANT TO BUY A HOUSE when they do stuff like that. What a waste of time for everyone.

09/30/2007 11:04 PM by Eugene Oregon Real Estate ~ Bridget Armstrong (Oregon Real Estate Properties)


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Real Estate Agent: Todd Clark (Realtor), GRI (Washington Co, Beaverton Oregon) (Kastings & Associates, Beaverton Oregon Real Estate)
Todd Clark (Realtor), GRI (Washington Co, Beaverton Oregon)
Beaverton, OR
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Kastings & Associates, Beaverton Oregon Real Estate

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