New in 2018 to GAR purchase and sale agreement

By
Real Estate Broker/Owner with Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 GREC# 169695

Buyers have always had the duty to inspect a neighborhood and should do so during their due diligence period.  It's important to know things about the neighborhood as well as inspections on the house itself. 

New this year is the addition of an informational site for buyers written right into the agreement. 

I wouldn't say it's very common in my market for a house to be on the dea.gov list for drug production, but it's certainly good to know a list exists. So not only can you check the property you are buying, but the street and neighborhood as well.  

Agents don't disclose neighborhood information, but we certainly are the source of the source and guide you to finding all the information you need to make a good decision.  I love that one more tidbit is in our contract now. 

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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Interesting change, Tammy. I think it makes lots of sense. The due diligence is so important...more so than some buyers seem to realize.I wasn't even aware of the DEA list, so thank you for that tid bit!

Jeff

Jan 03, 2018 11:49 PM #1
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Tammy. I agree with Jeff Dowler on this one. Sad we have come to this, but it is what it is! Enjoy your day!

Jan 04, 2018 05:37 AM #2
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Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning again Tammy. I think putting the onus on the buyer is a good thing. Careful is the best way to go.

Jan 04, 2018 06:37 AM #3
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Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Great information Tammy Lankford, most home buyers would want to know about a DEA posting on their possible new house!

Jan 04, 2018 06:45 AM #4
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Nick & Trudy Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtors, Philly Main Line

Being in the contract is a great idea as it prompts us to mention it to clients as a place they can verify if this is where they want to live.

Jan 04, 2018 09:27 AM #5
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Interesting change, Tammy and one that definitely makes sense. I'm guessing that they did this to take the liability off of the agents in the state...putting the DD onus on the buyers? I know a lot of agents have no clue about the neighborhoods in which they sell so, this protects the buyers as well.

Jan 04, 2018 08:45 PM #6
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Jeff Dowler and as much as I'd like to think "not in my neighborhood" the news shows time and time again people saying "I had no idea, he was such a nice person" while someone is being dragged to jail, so you just really never know. 

Jan 19, 2018 06:47 AM #8
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Sheila Anderson as with anything different buyers place different value on neighborhood conditions, so it really is up to them and we just continue to be the source of where they find out the information that is important to them as individuals.  I am not bothered by the "registered sex offender" in my neighborhood because I know what the charges were and I think it was ridiculous and not a crime, but I know it might matter to others.

Lisa Von Domek I would want to know and I have to assume most people would, but honestly I doubt anyone in my market had ever thought about looking at that prior to the introduction in our contracts.

 

Jan 19, 2018 06:50 AM #9
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Nick & Trudy Vandekar, 610-203-4543 Yes, in the contracts update training I did this month, I made sure... as each agent has a highlighted copy to point out things when a buyer makes an offer... either in person or to shoot them an email that mentions things and says to call if they have questions about the parts we fill in or the contract in general.

Debe Maxwell, CRS I certainly give credit to the GAR, attorneys and committee about the strong limits our contract puts on liability.

 

Jan 19, 2018 06:54 AM #10
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