pool appraisals mls: Listing Agents & Sellers: Can you substantiate your improvements and upgrades?
- 06/29/13 02:25 AM
This morning I called on a listing for my buyer. My clients curiosity peaked when they read there was over 70k in overall improvements and upgrades on this 150k home. I was just as curious. That's an awful lot of money spent on a 150k home. Perhaps there was an insurance claim. We wanted more information. When I asked the listing agent for verification or an outline for such upgrades I was told that this information was provided by the Seller and they had no "exact" documentation, but if I "really needed it," they'd try and find all the receipts.
This response made me and my buyer both nervous … (32 comments)
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This morning I called on a listing for my buyer. My clients curiosity peaked when they read there was over 70k in overall improvements and upgrades on this 150k home. I was just as curious. That's an awful lot of money spent on a 150k home. Perhaps there was an insurance claim. We wanted more information. When I asked the listing agent for verification or an outline for such upgrades I was told that this information was provided by the Seller and they had no "exact" documentation, but if I "really needed it," they'd try and find all the receipts.
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