buyer: A tale of two inspections........
- 07/17/13 01:38 AM
It is always interesting on how a buyer will react to the inspection report. It will depend on the market but it also depends on the nature of the buyer. I had 2 offers settle on the same day. The inspections were on the same day. One I was the buyers agent the other I was the sellers agent. The one where I was the sellers agent is a really nice home with very little wrong with it. Somehow the inspector spent 6.5 hours at the home. He actually fixed a few things while he was there. His report was very … (1 comments)
buyer: Gas water heaters in manufactured homes and inspectors....
- 07/17/12 07:46 AM
A couple of days ago I wrote about a problem I was having with an inspector. It wasn't the one I usually use. The basic problem is that the inspector did not seem to understand about code for manufactured homes. This created quite a problem and a lot of stress on the seller, the buyer and the real estate agents. When I called him I told him it was a mobile home in a park and he indicated that would be fine. Well it just wasn't. He carefully brought my buyer, her mom and grandparents and explained that there was no … (4 comments)
buyer: Buyer we are down why did you kick us in the ________?
- 01/11/12 02:43 AM
OK the inspection report came back.... It wasn't good. They found that the skylights weren't resealed which caused the M word on the new roofs sheeting..... My seller is savvy. He knows he has to deal with the issue. But you tried to specify the company that needed to be hired. You also put in all sorts of things like redoing the sprinkler system 3 feet from the house... This is a killer deal. The house is worth a lot more then you are paying for it. You added everything the inspector found. Even things not necessary like GFI's in the … (4 comments)
buyer: Safer short sales...When I show the home to first time buyers....
- 01/10/12 04:48 AM
Short sales are notoriously hard to settle.... Nothing is certain until we have third party approval (the bank).... Real estate ethics sometimes fly out the window as offer after offer is presented to the banks by some agents... Reasonable time lines are a joke.... It makes an agent nervous to show a owner occupant.... Especially a first timer or someone who needs to be in the home quickly..... So when do I show a short sale to an owner occupied buyer? First I do not send them short sale listings unless they request it. I look at the available short sales … (2 comments)
buyer: Contingent short sale? What is it?
- 01/08/12 02:31 PM
So we know a short sale is when the seller owes more then the house is worth..... So the third party the lender needs to approve or even renegotiate the deal..... We have all seen this.....
So the short sale listing gets an offer the buyers and the sellers come to terms..... Now the package is sent to the bank... If the buyer and seller are lucky the bank has given the listing agent an idea where the house should be listed.... More likely they told the agent they wouldn't talk until the agent had an offer.... At this stage … (4 comments)
buyer: Always set up an exact time and meeting place.....
- 12/12/11 11:50 AM
Well today started well..... But I made a big error when I set up my buyers appointment....I didn't set a place to meet....I didn't have her cell phone number....We were supposed to meet between 1 and 2 pm today... She was supposed to bring her granddaughter....At 9 AM I started trying to reach her....I have tried every hour since then. I left 2 messages and an Email.... I hope she doesn't have a system that tracks the number of calls.... I don't know what happened....Perhaps she didn't have my cell phone number....Perhaps she stood me up....I got to watch netflix and … (3 comments)
buyer: 2011 December Blogging Challenge - busy day but I think I have a new buyer!
- 12/05/11 11:53 AM
Well I didn't do a lot with the blog challenge. It has been a very busy day today. It started with a 7 AM call from a tenant about a heater that wasn't working.... It kept going from there. I had a call from my pending advertisement and I worked quickly to secure the customer. Hopefully, tomorrow I will be showing homes to the buyer. There were a bunch of homes that met their criteria. She wan't to know if they could settle by Dec. 17....I had to tell them only if they had cash. I found my holiday cards for … (3 comments)
After a long time I finally have convinced my seller to reduce the price.... The problem is that we are coming into Thanksgiving. I do not think I want to reduce the price when everyone is so busy and it would get lost.... I am thinking of waiting until the Monday after Thanksgiving. Meanwhile with the knowledge that she is going to reduce the price I will try to change it a bit in mls so that it shows the status change. What are your thoughts on the timing of the price change? What do I tell potential buyers … (0 comments)
At our last meeting one of my colleagues asked if anyone had a listing he could open.... At first I looked at him funny....Why would one want to sit in someone Else's listing? I got over that when our agency had the new development.... After a while I sort of realized it would be dumb luck if I ever got any money... It ruined my weekends...Well I did have a beautiful brand new home in a great setting to spend my afternoon in. But no buyers....If they had an agent no pay...If they came back and didn't explain that … (8 comments)
buyer: With this post I hit 50,000 points!
- 11/15/11 01:39 AM
Well I have been blogging off and on since January 2008.... Sometimes I am consistant.....Sometimes I took long breaks... Mostly I talk about real estate....Sometimes I talk about politics and heathcare.... Sometimes I talk about my family and important events... Others have better blogs but it is a record of what I do and it might help me with my business. I still don't know how to link blogs...While I have had this blog I ran for Congress and had a mastectomy. My kids have left home.... I have learned to be a better agent. I have asked questions... I have … (11 comments)
buyer: Crawl Spaces - What I learned this month.....
- 11/02/11 02:20 AM
Disclaimer - This picture is not any crawl space I visited or own.... This month has been my month to learn about crawl spaces...As a real estate agent and the owner of 5 homes I know they are important. I always did the cursory look with a flashlight (or at least my phone) but this month I have I have taken crawl space 101......Until this month I had only went into a couple of them...That was a job for the inspector... Lesson 1) First sometimes water gets into the crawl space....A water leak is so much better then water intrusion....A … (23 comments)
buyer: Think about your words before they come out of your mouth......dead deal.....
- 10/26/11 01:31 PM
Well if you read my blog you know that I have a deal trying to go south. Today it went south....I almost salvaged it but I said something unfortunate.... I will reiterate the day..... There was an issue that was not serious on the inspection report but it did have the horrible m word......It was on paper attached to insulation attached to the concrete of the perimeter in the crawl space. The experts and the inspector all felt that if you removed the insulation the problem would be solved.....The seller was willing to comply. The buyer was upset. As far as … (0 comments)
buyer: Hey buyer the market does seem to be changing in Boise
- 10/26/11 03:14 AM
Dear buyer.....Last year when I took you out I seemed to only show distressed housing.....You could stop and think for a month or two on a property and it would still be there....You could underbid and be taken seriously....It was the ultimate buyers marker.....
First it started with the REO property under $100k.... It started in early 2011....multiple bids...property was bid up to significantly more than the asking price.... Underbidding seemed to be a thing of the past.....I started questioning listing agents more and more about offers....By March REO property was being sold for 107% of asking price. Then the … (1 comments)
buyer: Continuing Saga on my pending......Working together.....Everyone in the same room....
- 10/25/11 02:48 AM
Yesterday I blogged about losing sleep because I am uptight about two sitiuation. I am still uptight but I want to talk about yesterday. My pending has a mild mold issue....The craftpaper of the inulation was put against the concrete and is moldy. The inspector (who I trust) told me and my client that all we had to do was have someone take off the insulation remove the paper and we could reuse the insulation. OK that was the day I stopped sleeping well. It didn't quite jive with my understanding and legal liabilities of MOLD... I have talked to several … (2 comments)
buyer: Wondering if I will make progress or if we will cancel deal today?
- 08/17/11 04:25 AM
About 12 days ago I was trying to protect a client's earnest money from the hospital room. We are still waiting from a reply from the seller. My instints were good about not quite depending on the underwriter to take care of the problems. They took care of 1/3 of the problems but now we have asked for other problems to be dealt with. The sad think is that the deal would serve my clients well but they are nervous. They want a rental that will cash flow and will rise in value. This home will do both. The repairs aren't … (0 comments)
buyer: Working from the hospital room.......My stay in California....
- 08/08/11 01:05 PM
In the last post my step-mom was in the ICU. She is getting better and will finally have the surgery on her arm tomorrow... It has been a very difficult week and my step-sister in law and I took the car home this weekend. I do not have pictures from the hospital but I will include one from a break at the beach on Thusday... I do love the ocean. I actually went in fully clothed because I left Boise in a hurry and had no time to get a swim suit.
Now as an active real estate agent … (6 comments)
buyer: A guide to buying a HUD (government owned home).
- 05/19/10 12:09 PM
Well I have sold only bank owned property this year. I can sell all types including HUD homes. Click here for agent with HUD Number in the Treasure Valley of Idaho luding HUD homes. The cool thing about HUD homes is that they have a $100 downpayment progrom for FHA buyers. The buyer needs to put $1000 earnest money down but gets $900 back at closing. This is on of the almost zero down programs left. The bidding always starts with owner occupied bidding. The buyer has to sign a paper at closing that they intend to occupy the home for … (3 comments)
buyer: Wells Fargo takes 45 days to assign a negotiotor
- 04/16/08 12:05 PM
I have 2 good offers for my short sale at asking price or above. One is an investor the other is a family with a pregnant woman. I submitted my paperwork on Feb 29. They acknowledge receipt on March 12. I faxed it not mailed it. The offers came in this weekend. I was pleased. They both came in low but they inched up. Now that I have offers the bank (edited to to political campaign), Wells Fargo, won't assign me a negotiator. Before they told me they couldn't assign me a negotiator until I had an offer. My client still … (25 comments)
buyer: I have an offer on my Condo listing!!!! Need advice quick!!!
- 03/29/08 02:14 AM
I have an offer on my Condo listing. It is 10K lower then asking price. It is a short sale. I am debating countering on price but I sort of think I want to let the bank do that. I have only had 4 or 5 showings in 2 months. I am countering on the offer to be subject to short sale with the bank, seller and buyer agreeing to the terms. I am worried because I don't know if the bank is giving a judgment or 1099 or something in between (that is part of my negotiation with the bank). … (8 comments)
buyer: I got to learn to close the deal with buyers.....
- 03/06/08 10:40 AM
I am really good at getting listing, finding buyer, marketing, web capture.... What I seem to be not so wonderful at is to close the buyers. I show them to much. I tell the truth instead of writing up the offer. I suggest they think about it and talk to their parents (if they are young). I work my tail off and when I get home I realize I should have showed them the 5 houses I started with so that they would pick one. Instead I drive them all over town..... I need to figure out how to close the … (4 comments)
This is a blog about all things real estate (and a few extras). I blog about my buyers, sellers, listings, short sales, the real estate market. I am internet savvy and am trying to learn more skills. I like blogging because I get to share information with other real estate professionals and my clients. I can find you a great home in the Treasure Valley. I was the Democratic Nominee for CD2, Idaho for the US Congress. I have two website: http://www.debbieholmes.net.
It is always interesting on how a buyer will react to the inspection report. It will depend on the market but it also depends on the nature of the buyer. I had 2 offers settle on the same day. The inspections were on the same day. One I was the buyers agent the other I was the sellers agent. 
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