seller repairs: Why doing inspections upfront is not enough. - 06/05/08 08:57 AM
The purpose of a listing agent is to get the most money for their client at closing.  Not the highest sales price but the highest net price.
Too often,  listing agents have the seller order inspections upfront without doing the repairs.  I contend that in most cases,  this is costing the seller money.  Here are some reasons:
Remember,  the seller is strongest during negotiations,  when the buyer is in love with the property.  If problems show up during the transaction,  the power shifts to the buyer. If a seller waits until the contract,  they are obligated to replace what is there,  … (5 comments)

seller repairs: Big Issues with Credit for repairs instead of Seller repairs - 05/09/08 06:32 AM
One of the comments from a previous Blog,   suggest that we can credit the buyer with $ in lieu of the seller making the repairs.  This creates a potential problem.  Too often the estimate is not enough to make the repairs,  so,  what happens then.  Let's say the contract stated that the Seller was going to provide a Section 1 clearance and the estimate was $3000.  But,  when the floors were pulled up for repair,  the cost was really $5000.  A good example is a Pest Control company calling a bathroom floor.  They estimate the cost of the vinyl to … (1 comments)

 
Guy Berry, Real Estate Broker and Legal Expert (Real Estate Expert Witness Support)

Guy Berry

Real Estate Broker and Legal Expert

San Jose, CA

More about me…

Real Estate Expert Witness Support

Address: San Jose, Ca

Office: (408) 694-9853

Mobile: (408) 690-2998

Email Me

Guy Berry is a frequent expert witness in real estate litigation and an accomplished trainer in real estate law and contracts. In addition he has been licensed for 30 years as an agent and managed large offices, including Coldwell Banker and Century 21.


Links

Archives

RSS 2.0 Feed for this blog