When it comes to inspections, don't be a Dick........

By
Real Estate Broker/Owner with Maui Life Homes / Metro Life Homes RS-78439 / BRE #01708344
https://activerain.com/droplet/5l4z

When it comes to inspections, don't be a Dick........

In our area, we've done a few deals with an agent named Richard.

Whenever you received a Request for Repairs from him, you knew it was going to have everything on their including the kitchen sink.  It's as if the buyer's are wanting the sellers to finance a complete remodel of the home.

There are some agents like Richard who think that they have to become the "hero" to the buyers by attempting to do this.  But I do have to say that in most cases, it is counterproductive.  Why?  Because right off the bat, your bringing a transaction that probably started off in good faith between the principals, and changing it to somewhat of a combative, or perceivably manipulative environment.  And that's never good.  It makes any further dialogue much more sensitive that it probably should be.

Honestly, the main point of submitting a request for repairs is so that the buyers have the opportunity to negotiate either the sales price or credits for physical attributes of the home that were unforeseen (or perhaps undisclosed) at the time the purchase contract was mutually accepted.  And for those who might think that an "As-is" addendum would prevent that, that is not quite right.  Even though an "as-is" addendum may be signed, it is still under the assumption that it is based on a visual inspection of the property prior to contract, and there is still a discovery process for the buyer.  The buyer would still have the opportunity to "request" any such credits or addendum to the contract.  The seller has the right to refuse, of course.

My recommendation to my buyers when I am representing them is to focus on those issues that are SUBSTANTIAL.  Those that either are costly repairs or perhaps a health hazard.  And by repairs, I mean ACTUAL issues that are in disrepair.  Not UPGRADES. 

Another outlook I find it helpful to buyers to take is:  Don't sweat the small stuff.  Honestly, putting items in a request for repairs or credit towards repairs for tiny little crip-crap stuff only muddys up the course of the escrow.  That type of outlook will show its ugly head should you need to negotiate with the seller later on in the transaction, or perhaps need any extensions of time for unforeseen reasons.

Seriously, would you rather be a homeowner, or would you rather be someone who "stuck it to the sellers" for $13.75 and yet your still not a homeowner because you fell out of escrow?

So once again, when it comes to asking for concessions, be objective. 

And don't be a "Dick"...........



Ralph Gorgoglione - Broker / Realtor

Top 3% Realtors Nationwide

Metro Life Homes  / BRE #01708344
Maui Life Homes / RS-78439
(310) 497-9407 / (800) 591-6121  /  Fax:  (866) 470-2717

Web:  metrolifehomes.net  /  Blog:  HomeChitChat.com 
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Topic:
Home Buying
Location:
Hawaii Maui County
Groups:
Realtors®
EcoBrokers
LA Connection
Tags:
home inspections
request for repairs
los angeles real estate
maui real estate

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Rainmaker
1,407,258
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Ralph, I never wanna be a Dick, lol. I think you make valid points here!

Oct 15, 2019 12:23 PM #1
Rainmaker
1,565,285
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

So true. Some people cause a whole lot more problems than they solve.

Oct 15, 2019 12:56 PM #2
Ambassador
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Mimi Foster
Falcon Property Solutions - Colorado Springs, CO
Voted Colorado Springs Best Realtor

I always advise my buyers that we are not doing an inspection to renegotiate the contract. We are mostly concerned with health and safety issues. Good post.

Oct 15, 2019 02:19 PM #3
Rainmaker
2,126,972
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

Well my dad and my husband are Richards. (Only Dad goes by the name Dick)

No offense taken though. LOL

I agree 100% with you on the muddy waters created by a buyer's agent who convinces their buyers to create a long list of demands. Seems really counter productive...not a great plan of action.

Oct 15, 2019 04:00 PM #4
Rainmaker
1,211,331
Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417
United Real Estate - Addison, TX
Real Service. Real Results. Real Estate

ALL contracts in Texas are for as-is sales, but that doesn't mean that the buyers can't request repairs or a price reduction. We don't need a separate as-is addendum.

Oct 16, 2019 05:41 AM #5
Rainmaker
1,514,135
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Some sellers really take it personally, and get upset over something like this.

Dec 04, 2019 02:27 PM #6
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Ralph Gorgoglione

Hawaii and California Real Estate (310) 497-9407
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