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

Reblogger Jim McCormack
Real Estate Broker/Owner with Nashville Short Sale Specialist - Jim McCormack - Edge Advantage Realty, LLC - 615-796-6898 TN RE License# 320030

This situation sounds like the same types of issues that I have with many buyer agents on my Nashville Tennessee area short sale listings.  It is really sad and disturbing to see so many purposely ignorant "professionals" in the real estate business.  They really don't even want to make an effort to learn how to write offers and conduct business.  Due to so many offers on my Nashville are short sales being poorly and sloppily written I was forced to write up detailed offer instructions for buyer agents.

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.

************************************************************************************ 
 
 
 
 
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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Posted by

Jim McCormack
Broker, REALTOR, e-PRO
Short Sale Specialist

Accelerate Realty Group, LLC
725 Cool Springs Blvd
Ste 600
Franklin, TN 37067

TN Real Estate Broker
License# 320030


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Kevin Nash
Shorewest Realtors, Metro Milwaukee - Germantown, WI
ABR,SRES,CRS,CSRS

I've been on many many agent caravan tours where agents have said they've purchased items for people because of this very thing. Ouch....

Feb 15, 2012 04:29 AM
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Jim, thanks for the re-blog. It is so frustrating to encounter agents who either don't know how to write a contract or haven't been properly trained. I could see where this would be especially true when working short sales.

Feb 15, 2012 05:57 AM