Special offer

Thursday's Thought - Thank You For Your Honesty

By
Real Estate Agent with Remax First Realty II 0790808

We have a short sale listing that is a two family home that suffered burst pipes (NOT the one pictured here).  There is extensive water damage throughout the house and it is truly a gut and rebuild type of project.  That being said we get a LOT of calls on the property.  We've also shown it a LOT of times.  Almost always, the prospective buyer will say "It needs too much work" or "I thought I could live in one unit while I fixed the other one up."

No.  This house is NOT habitable.  Sorry.

So after a few showings, we're very up front with prospective buyers.  Today whilst in the office, I got a call on house.  I explained the condition of the home and she said: "we're looking for a fixer-upper."  I reiterated that this not a "fixer-upper" that this is a total rehab, in fact it might be better to tear it down and rebuild from scratch.  Then the woman said: "I'll tell my husband about it, but thank you for your honesty!  You've really saved us a lot of wasted time."

I let her know that I was happy to do so.  I also let her know that if they are serious about buying a home that we'd be happy to help them.  You see, it's better to let people know right up front if there's an issue.  With this home, it's hard to miss, but with some other properties a defect may not be so apparent.  So always tell the truth when dealing with  any buyer, seller or other agent.  I suppose that last sentence didn't need the words: when dealing with  any buyer, seller or other agent.

Posted by

 

 

 

~ Wayne & Jean 

Union County, NJ - a great place to live and work!

If you're looking to buy or sell a property in Union County, call us at 908-917-4189 or email TeamZuhl@gmail.com.

 

facebook  Pinterest  LinkedIn  Read Our Blog!

All opinions, information and data provided is deemed reliable but is subject to errors and omissions. Not intended to solicit other Brokers' clients. We cooperate with them fully. 

Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Some could reasonably think a serious buyer looking for 4 bedroom and 2500 square feet and finds one for $35,000 with a DOM of 90,  would be able to add 2 + 2.  

Like you, I discovered failed public education system and faulty math has made it imperative to PROTECT MY TIME and ask, " Do you have contractor experience? How many houses have you completely rehabilitated? " IF none, THIS HOME IS NOT FOR YOU!

However, since we all know the marketplace is saturated with those lurking about for a deal, there is a way to leverage a derelict property and build your list of opportunist waiting for the 'too good to be true' deal.

Sep 03, 2015 02:41 AM
IRMA Beltran
Century 21 M & M and Associates-Turlock homes Real Estate - Turlock, CA
Your Real Estate Agent 4 Life Always there 4 You!

Very true, honesty is a must not only in our field but everywhere.  

Have a Wonderful Blessed Day!!!

Sep 03, 2015 03:08 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Wayne and Jean - you are absolutely right.  Be up front and honest.  I know that water can totally destroy a house.

Sep 03, 2015 03:29 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good for you, the way you shared the information will go a long way for future business. Well done!

Sep 03, 2015 04:59 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Wayne and Jean, honesty is always the best policy! Some smart person said that once long ago and the value of this hasn't ever changed. Sometimes I've had to be honest and deliver a message a buyer or seller didn't want to hear, but at some point they always ended up thanking me for my honesty.

Sep 03, 2015 05:01 AM
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

Some people just don't listen.  When we have been in a similar situation I try and try and try to explain the truth and some think in their little minds "oh, it can't be that bad".

Sep 03, 2015 05:03 AM