Special offer

Does that 50 cents have to be on the HUD?

By
Real Estate Broker/Owner with Tutas Towne Realty, Inc and Garden Views Realty, LLC BK607690

*** First published in August 2006***

I just love final walk throughs! Why is it that Buyers and their Realtors sometimes try to spoil the elated feeling I get, knowing that we finally made it to day of closing?

I get the call this morning, telling me they did the walk through and everything is OK, except for the hole in the living room wall. What? A hole? How can that be? I was just in the house last week and it was fine. No holes! I don't want to hear about holes two hours before closing. I mean the house is vacant. No one has been in the house but the appraiser. Then they spring the big one on me. "What's the Seller going to do about it?"

Personally, I think that's a pretty good question. "What's the Seller going to do about it?" Well, my answer is "I don't know". I am still trying to digest the fact that there is hole in the living room wall. Well I got lucky, the other Realtor had a call beeping in on him and decided to take it and call me back.

So, I get myself out of bed (not sleeping mind you, but diligently "working" on reading all the ActiveRain posts from last night), anyway, I get myself out of bed, hop in my SUV and burn $10.00 worth of gas to go check out the hole in the living room wall. Now I'm a pretty observant guy and would probably notice a hole in the living room wall, but I don't. No hole. Well, maybe they meant the family room. So I go look and again, no hole. Wait a minute, what's that? Let me see, if I get down on my knees and squint just right I can see a tiny indentation in the wall about the size of my pinky fingernail. This my friends must be the culprit. The all elusive hole!

I call the Realtor back and tell him I have been at the house to look at the "hole" and asked him if he had actually seen it, or did he just allow the Buyers to go over by themselves to do the walk through? Do I need to even tell you his response? Of course he hadn't seen it! It was too far for him drive to so he just gave the buyers the code so they could do their own walk through! The Buyers told him there was a hole in the wall, and asked, "What was the Seller going to do about it". Anyway, I remained calm and politely told him to show the Buyers the definition of "hole" in the dictionary and that we would give them compensation of 50 cents. After all that, the Realtor told me to not worry about it, that he would take care of the Buyers.

I tell you, you got to love this business. The things people try to get away with. And the Realtor..........well that's good material for another post.

The Moral is: Never, ever, take the other party's, to a transaction, word on anything. Check, double check and check again. Look out for your own customer's or client's interest or that "hole" may be in your wallet.

By the way...........Does that 50 cents have to be on the HUD?

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 Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales,  Orlando Florida Short Sales, Celebration Florida Short Sales, Windermere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.

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Comments(68)

Gloria Bumanglag
CENTURY 21 Superstars - Rancho Santa Margarita, CA
GRI

I can bet the buyers agent probably let them have the keys  before it closed. 

Sep 18, 2008 04:54 PM
Thesa Chambers
West + Main - Bend, OR
Principal Broker - Licensed in Oregon

oh my gosh - we could loose our MLS privileges for that - but glad you were on top of things - give TLW a hug

Sep 18, 2008 05:13 PM
Todd Clark - Retired
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

Just for letting the buyers in without him being there should be enough to get him in big trouble and when this is done, I certainly would report him.

Todd Clark, Helping Families Home - www.IFoundYourNewHome.com

Sep 18, 2008 05:23 PM
Dale Terry
Yadkinville, NC

Just part of doing business with people that have no one looking over their shoulder.  Being self employed doesn't mean being stupid.

Sep 18, 2008 10:42 PM
Caren Wallace
Premier Property Group LLC - Tualatin, OR
Portland Caren Real Estate

Great post!!! I needed a good chuckle. It never ceases to amaze me how lazy realtors can be. Thank heaven you got out of bed and checked it out! I love the 50 cents offer!!!

Sep 18, 2008 10:51 PM
Marcia Kramarz
Re/Max Executive Realty - Medway, MA
CDPE,LMC,CBR

Put your $10 in gas on the HUD as a charge to the BUYER!

Sep 18, 2008 10:58 PM
Russell Lewis
Realty Austin, Austin Texas Real Estate - Austin, TX
Broker,CLHMS,GRI

I know what you mean! What bothers me most in this situation is the combative stance from the other agent at the get go. The opposite of this is a whining, excuse filled approach that is often the case. I remain calm the first time or two when presented with this style of communication but if it continues, I am fairly blunt and make it a point to speak up and ask the person to relax and just give me the facts. It IS an interesting business!

Sep 18, 2008 11:05 PM
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

Alan, I LOVE the proclamation!!!

Endre, Actually you are the only one to mention that out of over 50 comments at this point. Very good observation and great question. This particular property was vacated about a week or so earlier by the Seller. It was only 2 years old and was in excellent condition with no repair issues. I had actually been in the property the day after the sellers moved out to make sure they had left it cleaned and also to secure the property. Once I've done this my next trip into the property is on the way to closing to do my final walk through, remove the sign and lock box. I rarely attend the buyers final walk through unless I feel it's going to be an issue OR I am on the buyer's side of the transaction.

Great comments everyone!!! I did write a follow up to this post the last time I posted it. Maybe I'll repost hat one later today. It addresses the REALTOR(R) and what to do about them giving out my lock box code. My way of handling that was contrary to most.

OK I'm off to see TLW!!!

  

Sep 19, 2008 12:00 AM
Diane Bell, Hilton Head Real Estate, Bluffton
Charter 1 Real Estate, Hilton Head, Bluffton, SC - Hilton Head Island, SC

My goodness--I hope you send them 50 cents in the mail.  People can be ludicrous sometimes.

Sep 19, 2008 12:07 AM
Allison Stewart
St.Cloud Homes - Saint Cloud, FL
St. Cloud Fl Realtor, Osceola County Real Estate 407-616-9904

Great Post BB

It is amazing how mountains are made of mole hills.  You are so right, it never ceases to amaze us what people will try and pull instead of staying focused.

 

Sep 19, 2008 04:11 AM
Connie Betz
Berkshire Hathaway HomeServices Ambassador Real Estate - Omaha, NE
Top Omaha Realtor - Omaha Homes for Sale

OMG!  Now I've heard everything!  They hd to have searched FOREVER for stupid defects!

Sep 19, 2008 03:02 PM
Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375
Flexit Realty "Flexible Home Selling Solutions" - Grand Rapids, MI
Real Estate Services You can Trust!

Hi Bryant, the moral to the story?  Be prepared because you know someone somewhere is going to not know the answers to who, what, when and why.  Great post Bryant.  Yes that .50 cents has to be on the HUD! :-)

Sep 20, 2008 04:19 AM
Gail Robinson
William Raveis Real Estate - Southport, CT
CRS, GRI, e-PRO Fairfield County, CT

BB - Endre's comment made me think.  I wonder how many listing agents attend the final walk through while the buyer's agent is there with their client?  It just isn't done that way in my local market, but it makes perfect sense to do so to head off any last minute issues at the closing table.  So why don't we do this as part of our practice?

Sep 20, 2008 05:50 AM
William Collins
ERA Queen City Realty - Scotch Plains, NJ
Property and Asset Management

Bryant,

Thanks for the post. I'm still baffled by the agents actions. He could have referred the buyers if the property was outside of his area of coverage. I bet he didn't skip the closing.

Sep 20, 2008 10:30 AM
Debi Ernst
St. Charles County, Missouri - Prudential Alliance Realtors - O'Fallon, MO
GRI, e-PRO, Broker/Sales Associate

Bryant - LOL!  That is too funny!  Buyers can really be picky sometimes...  :)

Sep 20, 2008 10:33 AM
Sylvia Barry
Coldwell Banker Previews International (#1 Marin_Sonoma_San Francisco_North_Bay) - San Rafael, CA
Marin and Sonoma Real Estate Leading Expert

Bryant:  I have to say this is a very strange world and time; but then again, the kind of things we have to go through, I guess only a Realtor can love it (or NOT?)

Sep 20, 2008 12:18 PM
Lisa Hill
Florida Property Experts - Daytona Beach, FL
Daytona Beach Real Estate

Just another typical day in real estate. You have to laugh, lest you go crazy. What has happened to people in general? We should all take a moment to mourn the death of common sense.

Sep 22, 2008 03:19 PM
Patricia Beck
RE/MAX Properties, Inc., ABR, GRI, SRES - Colorado Springs, CO
Colorado Springs Realty

Interesting the buyers considered that a hole in the wall.  I cannot believe the agent had them do their own walk through and gave them the code to the house; that is wrong in so many ways.

Sep 24, 2008 05:21 PM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I vote that $9.50 goes on the HUD where the agent is reimbursing you for the gas it cost you to have to defend your listing/sellers when he gave them the code and didn't do HIS job.  Can't wait for the follow up post on him not doing his job.

Have a great day.

Oct 02, 2008 03:47 AM
Claire C.
ActiveRain Corporation - Seattle, WA

Ah, Bryant, some days I just shake my head in amazement at the nonsense buyers and sellers try to pull.  I worked for years in title before I split from it and went my way as an EA, but man...  Some of the discussions at the table were nuts!!

IE:

Seller: Of course the septic field has been surveyed!

Buyer: We'd like the certification, please.

S: Certification?  Um.... *starts digging through paperwork*

B: If the site had been surveyed, you should have a certificate, fairly recently, in fact.

S: Hold...on...just one mom--AHHA! *pulls out a crumpled piece of paper and hands it over*

B: *reading aloud* "I looked at your spot.  Looks good."  *looks up* You had this done by a surveyor?

S: Yeah! My brother...he surveys real good!  Great eye.

B: *shoves back from the table and pushes the HUD away* I'm not signing.

Oct 02, 2008 04:51 AM