Multi Bid Home Offer Success Has Consequences at Home Inspection

By
Real Estate Agent with RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate
https://activerain.com/droplet/4Lqx

Multi Bid Home Offer Success Has Consequences at

Home Inspection

 

Home sellers are thrilled when their home for sale gets multiple offers.  The choice to choose and feel that there is a strong chance to move forward with the home sale.  However, I always wonder when buyers' real estate agents, home inspection in ri real estateafter home inspection, submits a huge laundry list of repairs they want completed for the buyers.  It was multi bid right?  There are other buyers waiting in the wings to step in if this sale goes south in RI real estate.

 

Does the buyers' agent let the buyers know that to ask for many maintenance items on the home inspection could make this sale go sour?   Sellers see red when they get this list for sure.  So as a real estate agent for the buyers in this situation how do you advise your clients properly?

 

Multi Bid Home Offer Success Has Consequences at Home Inspection

~~~~~~~~~~~~~~~~~

Ginny Lacey Gorman is your go to North Kingstown Rhode Island waterfront and luxury real estate agent for southern RI real estate and beyond…knowing the geographic area, schools, happenings and important tidbits of local information. Email her 
​at ​
Ginny@RiHouseHunt.com to make an appointment to discuss your real estate needs.
 
Waterfront, oceanfront, luxury and coastal Rhode Island estate are my specialty but all of RI is my backyard.  When you are in need of a real estate professional and specialist for your buying, selling or relocating needs and an internet savvy 
​real estate agent 
who 
​successfully ​
sells RI houses in this real estate market, call Ginny Gorman at 
401.529.7849
 today.

 

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This blog © and its contents is original to Ginny Lacey Gorman

the RI waterfront Realtor of Choice

 

Ginny L. Gorman, a purveyor of Fine RI Waterfront Real Estate   

Specializing in waterfront, ocean front, vacation, coastal and luxury homes for sale in North Kingstown, South Kingstown, Narragansett, Jamestown, Charlestown, East Greenwich, Exeter, West Greenwich RI and beyond ...  I sell dreams!  Because there is no place like home...the RI Real Estate Agent in the Sparkly Red Shoes.

 

Looking for a knowledgeable Rhode Island Real Estate Agent?  Let me GOOGLE one for you!

            

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Rainmaker
4,269,042
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ginny, when we saw multiple offers this past spring/summer, sellers stood strong on no laundry lists, as the next buyer would step in quickly. 

Nov 20, 2015 10:16 PM #1
Rainmaker
3,350,693
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good morning Ginny,  good point, I have a buyer right now who has a long laundry list thanks to her dad, he does not get it.

Nov 20, 2015 10:55 PM #2
Ambassador
4,100,676
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Ginny- you make an excellent point, and it's good for buyers' agents to make their clients aware of this. 

Nov 21, 2015 04:46 AM #3
Ambassador
3,939,328
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ginny I am not a Realtor, but if I was and my Buyer had the winning offer in a multi bid situation, I would advise them to think very carefully what repairs to ask for.  Just because they won the bid does not mean that the Seller will not get ticked off,  walk away, and end up going with one of the other bids.

Nov 21, 2015 08:32 AM #4
Ambassador
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Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Par of that would depend on how the home was priced to start,  If it was priced  for conditions then that agent should have spent a lot of time explaining that to their client

Nov 21, 2015 12:01 PM #5
Rainer
1,756,848
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Ginny.  If something was a surprise it is understandable.  All else was known.

Nov 21, 2015 07:35 PM #6
Rainmaker
4,432,589
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I hope the buyers will realize that the sellers do not have to agree to do anything that is not required. Sellers can accept another offer if this falls through.

Nov 22, 2015 12:06 AM #7
Rainmaker
947,859
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

It depends on the contract used by the buyer's agent.  If It was a sold "As Is" contract, the buyer got stuck, unless the buyer cancel contract accordingly.

Nov 23, 2015 12:27 PM #8
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Ginny Gorman

Homes for Sale in Southern RI and beyond
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