In the past couple of years now I have arrived at Inspections only to wait 30 minutes or more and then call to make sure the Inspection was still scheduled. I am at the address provided by the client and doubled checked with the agent only to find the contract was written on the wrong home. Perhaps in the correct complex, but the wrong unit. Or perhaps on the same street but wrong address number. Or the correct number but wrong street.

After finding my clients at the house they want it has turned out somehow the incorrect address was written into the contract and that was the home they had looked at but was not interested in.

It now is asked of me that during the inspection of the home on the contract, I have to find some major items so they can get out of the contract. In all cases, so far, luckily there were major items that needed repair or replaced and they were able to back out. Someday that may not be the case though.

I feel terrible for the Agent in these cases. They have worked hard to find their clients a home they like and wish to purchase and then find out a typo has, in all these cases, cost them the home. The correct home is under contract for someone else and the Home Buyer is, too say it gently, INCENSED. And in one case threatened lawsuit.

This is just some food for thought as you type in that address. PLEASE double and triple check that the address is correct.

 
Post is included in group: Metro Brokers GMAC Real Estate

21 Comments on Are You Looking at the RIGHT House but at the WRONG Address?

APR
09
2007
3 Featured Posts
WOW!  I can say I have not ever had this happen.  I had no idea it happened with any frequency.
3:46pm • #1
140,401 Points 1 Featured Post Outside Blog

I have never had this happen to me - though just this week the inspector arrived at my listing 30 minutes late.

Seemed he emailed the buyer a confirmation with Avenue instead of Street.  Buyer did not pick up the error on the email, so the inspector went to the wrong address.  First time I ever lost an inspector. LOL

Sandra

 

7:05pm • #2
Yah I went to a new costruction spec home and got the people all excited about the WRONG lot number....I was showing lot 201 and should have been showing lot 207.  Needless to say the lot 207 had a horrid spec home....but thank goodness 'THEY" Liked it anyways....You better bet I triple and quadruple check my addresses or lot numbers now....it's definitely hard to down sell...
7:15pm • #3
225,999 Points 41 Featured Posts Outside Blog
Wow.  It's interesting that so many parties have to look at the contract before it actually becomes effective and nobody would notice.  I've not had this happen either but I can see how it certainly could. 
7:18pm • #4
One of the agents in my office had this happen to one of his condo listings.  The buyers did not realize it until the final walk through. 
8:07pm • #5

Had that happen twice.  I think the solution is to have the data faxed or emailed from the responsible REALTOR.  It's not always the people....sometimes the system is flawed.  That's when the systems engineering comes into play.  I appreciate the MLS sheet and contract.  It's a double check to insure impeccable customer service.

IMHO

8:20pm • #6
Include the MLS sheet as an addendum to ever contract when available.  I am a bit suprised that this problem is so wide spread. 
11:04pm • #7
8 Featured Posts

I've never written an offer on the wrong home, but I have shown the wrong home before!  Quite embarrassing, if I do say so myself.  I am probably lucky I wasn't arrested.  I will have write a blog about that one. 

11:14pm • #8
That is an expensive typo!!!  I could see how a buyer would really be ticked off big time.
11:15pm • #9
APR
10
2007

That is really easily remedied in the Colorado contracts.  In our verbiage on Inspection Notice Buyer may terminate by Resolution Deadline if buyer finds the property no up to his subjective descretion:

   1)  He may termimate the contract due to the physical conditions being unsatisfactory to the buyer or

   2)  Provide a list to the seller which the buyer requires the seller to correct.

Okay, two points here.  You no Have to find anything.  In "buyers subjective descrection" pretty much covers the gambit of toilet seat too hard or it had a hole it in, did not like the color of the house.  Techincally what it is designed for is to back out a client with a bad roof for a leak basement that leak on every thrid odd Wednesday but it is written as such it would really cover anything.  Totally innocuous.

I have sold and come accross deals hear mostly on corner lots where a house willl carry the same legal address and have two commonly known address.  Why was that done?  Maybe easier for th postal service would be my guess.

Also, I would think depending on when you catch the error you may want to contact the broker as soon as possible because you do not have a legal contract until the consideration is cashed.

A teacher at my real estate school did that once and told us about it in glass so I have lived in fear of that for 7 years now.  What I do is hand the MLS on the house they want and I read the REAL LIST Tax records and they check off what I am ready off on the legal description on the multiple list.  Most of the time they match! :)

Those are my thoughts.

I don't sleep much.  Plus I like to put my 2cents in.  And I save my pennies!   :)

Paula Wyatt

Re/Max Advantage 

 

 

 

 

12:15am • #10
300,562 Points 12 Featured Posts Localism Sponsor Outside Blog

Hi there,

Yes, I've seen this happen before, more than once.  Many years ago the mls photographer (back then) snapped the WRONG photo of a home, actually next door. No sign on either.  My then business partner went to show the house (it looked just like the one in the photo) and two other Realtors were just leaving the same vacant house.  They told my partner, they couldn't find the lockbox and found the back door unlocked. The buyer wrote an offer, later to find out that home wasn't even for sale. Talk about feeling stupid!

1:16am • #11
537,641 Points 35 Featured Posts Localism Sponsor Outside Blog
I'm surprised that the buyers, buyer's broker or anyone else along the line doesn't catch this mistake. That's a little frightening to think of all of the activities that are set in motion by one error.
2:28am • #12
130,950 Points Localism Sponsor
I can't ever imagine this happening.  It is unfortunate that there may be agents out there that may overlook something as important as the address!
11:14am • #13
2 Featured Posts
Excellent reminder.  I have found agents showing my listing unexpectedly and unscheduled only to find out they really had a showing scheduled for a home 2 doors down.  Needless to say, my sellers weren't too pleased about uninvited buyers walking in the door.  Double check your stuff.
11:52am • #14
4 Featured Posts
There is no excuse for this kind of mistake on a contract. No ifs, ands or buts about it.
2:43pm • #15
121,298 Points 6 Featured Posts Outside Blog
I've never had that happen. I don't know of anyone that has done that either. I would have been completely speechless.
3:52pm • #16
289,449 Points 2 Featured Posts Outside Blog

Seems difficult to do this but I guess you have experienced it!  With the street address and the tax ID on the contract in Florida it is hard to see this happening. Also our inspection addendum usually gives a buyer an out. However they are out the cost of the inspection but you give'em a discount on that next one, right?

6:29pm • #17
105,775 Points 10 Featured Posts Outside Blog

Wow... it seems impossible to believe that these types of mistakes happen.  Unbelievable!

10:20pm • #18
APR
11
2007
20 Featured Posts
I'm just gobsmacked.. don't know what else to say.. how on earth can you write a contract on the wrong house..
2:43am • #19
MAY
11
2007
The same thing happened to me where the agent got the address on the contract wrong
12:19pm • #20
JUN
17
2007
1 Featured Post
Similar thing happened to me a couple of years ago.  My mistake though.  Right street number but NORTH not South!  Funny thing is that I went to the house and started inspecting the exterior.  It was supposed to be "vacant" but not all that unusual to find someone still there.  This was a multi-million dollar home in a very upscale area. 400 amp stand up panel and it's own back-up generator and fancy security system.  An entire rain forest of mahogany went into the interior and decks. Georgus home, loved it.  The house keeper let me in and I started on the interiors.  I wandered all over the house doing my usual thing.  Looking in closets, banging doors running bathrooms.  About half way though I get a call from the agent.  Where are you?  Oops, the light comes on.  I quickly picked up my business card from the kitchen counter and slid out the door.  I wonder about the conversation that went on that night when the owner got home and the house keeper told them about the Inspector that was there. LOL
10:52pm • #21

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Rick McCullough

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