Should I own up to the roof or not?

By
Real Estate Agent with Gold Key Real Estate

I have a beautiful new listing.  I know the roof doesn't leak but I also know it wont stand up to an inspection.  My owner is fine with replacing the roof at closing but does not have the money to replace it before escrow.   These are my remarks:

Beautiful two owner home on Mountain View. This great home is designed for easy living with a french provincial designed kitchen. Lots of Anderson Windows throughout the upper level. Beautiful hardwood floors throughout with an upstairs and downstairs fireplace plus a dining room. Huge living room and recreation room plus some real basement space! Park like yard with a basketball court, mature trees and covered patios. If you like older homes this is a must see! Roof to be replaced at closing. BTVAI

 

I am assuming that people will notice that the roof is alive with moss and other things.  It is the original shake roof and is 54 years old.   I did not have the red  in my remarks.  

 

Would you be more likely to show a home that had that line in it or one where it was omitted?  Just curious.?

Either way it is a great home at a great price!  I will have it open Sunday February 8, 2-4 PM!

Posted by

  Debbie Holmes

Gold Key Real Estate     Company logo

(208)761-2551 Email: d5holmes@msn.com

To search Boise Homes visit my website

 

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Rainmaker
1,675,819
Winston Heverly
Winston Realty, Inc. - Atlantis, FL
GRI, ABR, SFR, CDPE, CIAS, PA

I would disclose that the roof probably needs to be replaced and an inspection should be ordered at the buyers discretion

Feb 07, 2015 11:20 AM #1
Rainmaker
200,219
Debbie Holmes
Gold Key Real Estate - Boise, ID
Gets the job done!

I have disclosed it.  I was wondering about whether posting it in remarks would help or scare.

Feb 07, 2015 11:22 AM #2
Ambassador
2,344,089
Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     I am about to update the remarks in a listing to say, "Seller will install new 30-year architectural shingle roof with full price offer".  

   We already have the estimate from a roofer, so the Seller knows what it will cost.

Feb 07, 2015 11:51 AM #3
Rainmaker
722,237
Patrick White
Home Driven Realty, Inc - Baldwin, NY
Driven to bring New Yorkers home

Good Evening Debbie

 

Thanks for the informative post. Have a great week

Feb 07, 2015 12:58 PM #4
Rainmaker
725,130
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

Always disclose! If there is any way possible to have the roof installed with a line of credit, go that route. You may also entertain offers with the roof as is, but not advisable if you could avoid it.

Feb 07, 2015 01:40 PM #5
Rainmaker
1,520,996
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Debbie Holmes Interesting scenario. Obviously this seller is short on the cash to replace the roof before a guarantee of a closing. I agree with all the comment previous to mine, i.e., you must disclose what you know, and nothing further, after all you are not a roofing contractor.

Feb 07, 2015 09:46 PM #6
Rainmaker
200,219
Debbie Holmes
Gold Key Real Estate - Boise, ID
Gets the job done!

The roof has always been disclosed. We also put in the disclosure that we will put in a new roof.   We are lucky it doesn't leak but the owner knows the roof to be soft.  The roofing contractors have agreed that the roof must come off.  The owner also understands it.  If someone comes up with cash they can choose to deduct the money from the offer.  Their is no money to put on a new roof.  If we figure out the money we will add a new roof. 

Feb 07, 2015 11:05 PM #7
Rainmaker
3,519,480
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Debbie. I don't know what your initials mean. Write it out so everyone gets it and good luck.

Feb 07, 2015 11:13 PM #8
Rainmaker
200,219
Debbie Holmes
Gold Key Real Estate - Boise, ID
Gets the job done!

I am not sure which initials you are talking about Sheila.

Feb 07, 2015 11:45 PM #9
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Rainmaker
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Debbie Holmes

Gets the job done!
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