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AS IS AS DISCLOSED MEANS EXACTLY WHAT IT MEANS

By
Real Estate Broker/Owner with people first...then business Ran Right Realty 636943 licensed to thrill

I always spill the beans. I tell what I know. When listing a property, I always ask the owner several key questions that help me help others. Then, I will share via input and feed back and disclose where necessary, but the final decisions and responsibilities rest with the buyer and to their satisfaction. As is... As disclosed means what it says

GRILLING THE SELLER

When I take on a listing, I want to know things right off

  1. Do you have any roof or plumbing leaks?
  2. Are all the electrical working?
  3. Is plumbing in good order
  4. Hows drainage?
  5. Does AC work?
  6. Anything else I should I know?

EVERYTHING OUT IN THE OPEN

Then, I do my inspection. This may lead to more questions. I want everything out in the open. Furthermore, if there are negative responses to any of the above, pricing should off set repairs if seller is not willing to fix and then sell. This is usually the case in short selling or even conventional sales where no money is available.

I DON'T LIKE SURPRISES

When conducting business for large amounts of money, everyone is entitled to fair and honest dealing. Anything less than that will not be tolerated. I don't like getting surprises or giving them either. However, keep in mind the title of the post and the meaning behind it. It is the buyer and their agent that must satisfy themselves when making the final decision to purchase..

At all times, I am there to help the process

 

Edward & Celia Maddox
The Celtic Connection Realty - Queen Creek, AZ
EXPERIENCE & INTEGRITY - WE TAKE THE HIGH ROAD

Good article on inspections.  Thanks for sharing and Happy New Year.

Jan 05, 2012 02:51 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Your very welcome E & C......may happy be your default through out the year....

Jan 05, 2012 02:53 AM
LaNita Cates
REMAX of Joliet - Joliet, IL

I ask "If you know, disclose." I trust that the seller will fill out the property disclosure and other disclosures truthfully. So far I have never had an issue.

Jan 05, 2012 03:00 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Hello LaNita the sweeta........Good point. I encourage the seller to tell it like it is and like you, so far so good...

Jan 05, 2012 03:04 AM
John Mulkey
TheHousingGuru.com - Waleska, GA
Housing Guru

Richie - Your research benefits everyone in the transaction, protecting you, the seller and the buyer. It's always better to avoid those little unpleasant surprises caused by a seller's failure to disclose whenever possible.

Jan 05, 2012 03:15 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Hello John.... With humility I state that when I first started out, I was not... lets just say that enthusiastic (as well as ignorant) about this most important dynamic...Over the years and many moral and ethical episodes later, I remain nothing but adamant and loyal to this subject for every-ones sake...as do you John....

Jan 05, 2012 03:24 AM
Richard Iarossi
Coldwell Banker Residential Brokerage - Crofton, MD
Crofton MD Real Estate, Annapolis MD Real Estate

Richie,

Great risk mitigation strategy. Here in Maryland, sellers have to disclose any "latent defect," even if the property is being sold "as is."

Rich 

Jan 05, 2012 05:41 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Richie to Rich...thank you. Rich, underlying all this is the goal of treating everyone well and making sure everyone gets what they have coming...How anyone could think other wise is a call for serious self-reflection

Jan 05, 2012 07:09 AM