Buyers: Don't Let Me Sink Your Battleship!

By
Real Estate Agent with Cedar Rapids/Iowa City, IA KW Legacy Group S44645

 

In the home buyer consultation, I talk to buyers about my role in our "partnership".  My role is point out all the little stuff.  The flaws in the house, the quality of the remodel, the location, the way that they want to live in the house, etc.  I am the proverbial "mom" that is showing them all the negative things that they shouldn't overlook in the process of making a decision.  If the house survives after they know the good, bad and ugly...I didn't sink it.

 

It is my job to read through the seller disclosure with you and look for warning signals or premonitions.  If the seller states that the roof age is unknown, I might suggest that we have a contractor take a look and see what the cost of replacement might be.  If the seller states that they have had water in one part of the basement, I am going to point it out and alert the inspector so he takes a thorough look at that area of the house.

 

submarine

 

Sometimes, parents come to see the house that their adult children have selected and they pick it apart the same way I do.  It reaffirms what is cosmetic and can be fixed easily vs. what is structural and would require a lot to fix to their liking.  I recently went to a home multiple times with a buyer where the house photographed beautifully, but the devil was in the details.  By the third time at the house, with their parents, we took a more thorough look and noticed even more oddities about this "flipped" home.  There were nice selections, but it lacked finish work details.  In other words, it was sloppy.  But not at first glance, it took a closer look....more sets of eyes to submarine that one.

 

No house is perfect, especially in the price range for first time home buyers.  It is about functionality and potential.  And it all depends on how long they plan to be in their first home.  Because compromise is a must.  Flooring and paint are easy.  Moving walls to create a more open floor plan is not.  Knowing your limits in the DIY department is important.  You don't want to end up spending so much to make it what you want that you will never recoup the cost!

 

Keep smiling!

 

Karen

 

 

Posted by

 

Karen Feltman, REALTOR®, ABR, AHS, CHMS,                                                                      CNE,CRS, e-Pro, green, GRI, SRES, TRC

Keller Williams Legacy Group

4850 Armar Drive SE Ste B

Cedar Rapids, Iowa 52403

Email: karenfeltman@gmail.com

Mobile  319-521-0701

www.KarenFeltman.com

Licensed in the State of Iowa

© 2010-2018 by Karen Feltman, Cedar Rapids/Iowa City Relocation Specialist 

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Topic:
Home Buying
Location:
Iowa Linn County Cedar Rapids
Groups:
Active Rain Newbies
Realtors®
1st Time Buyers
Iowa Real Estate
Addicted to Active Rain
Tags:
buyer tips
buyer representation
choosing a home
karen feltman
real estate in cedar rapids

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Rainmaker
2,497,466
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Flipped houses can run the gamut when it comes to quality of workmanship performed.  I always suggest a home inspection.

Jul 18, 2016 02:24 AM #1
Rainmaker
681,590
Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL
Call the "CHAMPION" for all your real estate needs

Great post it is very important that a home buyer has an experienced Realtor on their team. Thanks for sharing I hope you have a great week ahead.

Jul 18, 2016 02:46 AM #2
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John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

Great post, Karen!  I wish more buyers, especially first timers, would take advantage of renovation mortgage loans -- then a lot of the issues in an otherwise great home can be fixed immediately.

Jul 18, 2016 04:00 AM #3
Rainmaker
1,524,340
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

I think you do a service in pointing out trouble spots before the buyers spend money on an inspection. 

Jul 18, 2016 04:53 AM #4
Rainmaker
3,247,037
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Karen

You are helping to guide your home buyers through a successful home buying process.

Good luck and success.

Lou Ludwig

Jul 19, 2016 01:59 AM #5
Rainmaker
1,282,894
Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

I have no doubt that your buyers appreciate your expert eye and guiding hand!

Jul 19, 2016 11:16 PM #6
Rainmaker
199,002
Ingrid Pierson
HomeTown Realtors - Auburn, CA
Making Friends & Helping Friends with Real Estate

You are right on!  There is more to any house than what is seen at "first blush".  You detailed your "partnership" well.

Jul 25, 2016 03:53 AM #7
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Karen Feltman

Relocation Specialist in Cedar Rapids, Iowa
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