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Oops, It Looks Like the Buyer's Agent Made Another Mistake

Reblogger Marnie Matarese
Real Estate Agent with DWELL REAL ESTATE BK3105105

Great reminder that the contract trumps the MLS sheet..... ALWAYS!  Have you noticed that many MLS sheets have not been updated in months and months and that have the info is incorrect?  Pay attention to your contract -  line by line by line.

Original content by Tammie White, Broker

Oops, It Looks Like the Buyer's Agent Made Another Mistake

A couple of weeks ago, I wrote a post entitled, Is Your Buyer's Agent Qualified to Represent You?. This is an addendum to that post.

On Saturday, while out showing properties, I got a text from the above referenced agent. It read:

refrigeratorBuyer's Agent: They took the refrigerator!

Me: That's right, it wasn't in the contract.

Buyer's Agent: All appliances were suppose to stay unless otherwise stated, and they didn't specify that it wouldn't stay. So what do we do about it?

Me: No, the listing did not say all appliances stay.

Buyer's Agent: It didn't say that the refrigerator didn't stay and normally when a refrigerator doesn't stay, it specifically says that and nothing said anything about the refrigerator not staying.

Me: The MLS listing did not have the refrigerator listed as staying.

Appliances are considered personal property. Personal property does not stay unless it is permanently affixed in someway to the home.

Appliances that commonly convey with a home in Tennessee are the stove, dishwasher and microwave. The refrigerator, washer and dryer do not stay, unless, specifically mentioned in the MLS listing.

 

Oops, it looks like the buyer's agent made another mistakeThe listing stated that the stove and dishwasher were staying. The refrigerator, however, was not listed. Oops, it looks like the buyer's agent made another mistake.

 Normally, this would have been caught during the final walk-through. Unfortunately, the buyer never had a final walk-through. Why? Because his agent waived it.

This buyer had requested a quick closing in his offer because his interest rate was set to expire on 1/31/2012. That meant the seller only had 13 days to move. The seller was unable to move in that time frame. The buyer granted the seller an additional 10 days in their offer in order for the seller to move.

The day before the closing, I contacted the buyer's agent to schedule the final walk-through. She stated her client wouldn't be doing a final walk-through since he wasn't moving in for 10 days. Essentially, he waived his right to a final walk-through.

Had they performed the final walk-through, the buyer would have caught that the refrigerator was not staying. Oops, it looks like the buyer's agent made another mistake.

I'm not sure what happened in this particular case. However, if I were the buyer, I would have insisted the buyer's agent buy me a new refrigerator. Why? Because she had not looked at the MLS listing properly and had told the buyer it was staying. It was her mistake and, therefore, she should have made good on it.

Buyers, make sure you have an agent who knows how to submit an offer properly and read a MLS listing so this doesn't happen to you. Otherwise, you might find yourself saying:

Oops, it looks like the buyer's agent made another mistake.

P.S. If you are looking for a buyer's agent who actually knows what they're doing, give Tammie White a call today at (615) 495-0752.

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Tammie White, Realtor® in Franklin TN
Cell Phone: (615)495-0752

This posting and the contents written here are the intellectual property and opinions of Tammie White of Benchmark Realty LLC. Providing real estate services to clients in Franklin, Brentwood, Nolensville, Thompsons Station, Spring Hill, Fairview, Leipers Fork, Nashville and the whole Middle TN area.

 

 

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Marnie Matarese |Broker Associate | GRI|RSPS|SRES | DWELL Real Estate 

MARNIE@CALLMARNIE.COM 

DIRECT:  941-809-8099 

 

www.callmarnie.com  

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Cindy Edwards
RE/MAX Checkmate - Johnson City, TN
CRS, GRI, PMN - Northeast Tennessee 423-677-6677

How funny, I re-blogged this moments before you did.  We must have been typing at the same time.

Feb 14, 2012 12:07 AM
Marnie Matarese
DWELL REAL ESTATE - Sarasota, FL
Showing you the best of Sarasota!

It must have struck a chord for both of us.  Just had this happen with a buyer's agent who was really lost in space.  She was so anxious to get to closing that her paperwork was horrific and her follow-up non-existant.  It stated boldly in the property disclosure that the hot tub did not stay with the house.  Not a pretty closing.

Feb 14, 2012 12:12 AM
The Keith Kropp and Wayne Rogers Team
Michael Saunders & Company - Sarasota, FL
Nowhere But Here

So, what do you do when items listed in the contract are missing at the walk through, the listing agent promises they will be returned, buyers are in a bind to close and then the listing agent goes AWOL?   The agent's broker tells you everything you want to hear and then he goes AWOL.  In this case, my buyer tracked down the seller at her place of business and they worked it out amicably.  There are all kinds of people in this business, including too many who shouldn't. 

Feb 14, 2012 02:44 AM
Marnie Matarese
DWELL REAL ESTATE - Sarasota, FL
Showing you the best of Sarasota!

Hmmmm.......that is when my concealed weapons permit is a blessing.   JUST KIDDING, kinda.

Feb 14, 2012 02:53 AM
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Keith (#3), if I were the buyer's agent, I would ask for additional funds be placed into escrow until the items are returned. If the seller doesn't replace the items within a specified time frame, the buyer gets to keep the money placed in escrow. If sellers refuse to do this, then you don't close. Simple really.

Marnie, thanks for the re-blog. I hate to see this type of things happen to buyers.

Feb 14, 2012 05:50 AM