NEW Agent DILEMMA SOLVED

As a new agent many years ago, I had a situation like many of you may have had. A buyer got their inspection report and expected that everything on the list would be repaired. EVERYTHING! Holes in the screen, lint in the dryer?! What do you do when that happens? Here's what my friend advised me and I think it is still good anywhere today so since I still see the question appear I'll take a minute and teach you what she taught me:

I had someone give me truly GOLDEN Advice on this one years ago so I will be happy to share it with you now. Even though I practice in Texas and Florida it makes sense anywhere:

For the Sellers who are hit with a request to repair everything:

  1. You are not a builder-Fact
  2. This is not a new house-fact
  3. It was built to meet the codes of it's day-fact
  4. Those codes have changed-fact
  5. An inspection is to identify potential issues not rebuild the house-fact
  6. A buyer will be needing to understand that they are buying property in "as is" condition-fact
  7. The inspection is not a repair list-fact
  8. Their offer is based upon current condition of property, so was the list price! Fact
  9. Take it or leave it-fact?
  10. Number 9 applies to both of you! So work it out or move on. Fact

Sorry, if this seems harsh- Old REALTORS best advice.  Very good luck!

 

3 Comments on Golden Inspection advice.

OCT
25
2007
335,744 Points Outside Blog

Ho Doris;

Great Post!!!! Great tips for agents and sellers.

Anthony

11:44am • #1
489,714 Points 84 Featured Posts Localism Sponsor Outside Blog Hit Router
I am amazed how petty some folks can get at the time of the inspection.  Many times it is an inexperienced agent recommending they ask for the 6 items that total $100 or less.  How silly.
12:19pm • #2
OCT
26
2007
Thank you for the responses! It's good to know that what I post has a bit of value! Makes me want to keep sharing the wisdom.  Profitability today to you all!  Doris
11:19am • #3

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Doris Barnett-e-PRO Professional Trainer

Ocala, FL

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BrokerTrainer.com

Address: Plano, TX, 75023

Office Phone: (972) 491-1000

Cell Phone: (352) 484-0480

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Technical Trainer blogging about real estate and common sense ways of systematizing your business. When I learn something new, I specialize in helping North Texas real estate agents build better businesses.


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