Thomas J. Nelson, Realtor  e-Pro, CRS, RCS-D, Vets, & Host of Postcards From Success Podcast (Big Block Realty 858.232.8722)

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Alan May
Jameson Sotheby's International Realty - Evanston, IL
Helping you find your way home.

"Unless you're prepared to outline what the $1,000 is for, we can only assume that you have no requests".

Mar 02, 2020 02:55 PM
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Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

      Buyer is trying to lower the sales price by $1000.  Do you accept, reject, or counter?

Mar 02, 2020 02:16 PM
Rainmaker
3,377,722
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Simple... I would tell my client to politely tell the other side to go pound sand.

Mar 02, 2020 01:14 PM
Rainmaker
1,287,812
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Obviously this agent has

  1. No clue what they're doing
  2. Didn't look at the report
  3. Is trying to get some money and look like a "hero" to their client
  4. Is not properly representing their client
  5. Does not realize that it is still very much a seller's market

My guidance would be to check the box next to "Seller does NOT agree to any of the Buyer's requests" and send them a contingency removal along with a 1 day notice to perform.  I'd tell the agent "If you're client doesn't want the house, I'll sell it for more money to someone who does."

Mar 02, 2020 04:28 PM
Rainer
207,453
Sharon Altier, SFR
Lawton Realty Group, Inc. - Elmhurst, IL
Your Real Estate Partner

Unless there is a safety issue, etc., then Seller can either make repairs, credit or simply reject; their call.  

Mar 02, 2020 01:44 PM
Rainmaker
3,556,428
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Although some "Request For Repairs" seem non-sensical I have never seen such an outrageous "plea".  Maybe the $1,000 is considered another nuisance fee.  

Mar 02, 2020 01:10 PM
Rainmaker
1,590,569
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

Sounds like a buyer from IL. Not good enough for the buyer to demand money when your properties are usually as is. It's a shake down.

Mar 02, 2020 03:27 PM
Rainmaker
4,743,780
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

We agree on Nina Hollander 's answer on pounding sand.  LOL A

Mar 02, 2020 03:13 PM
Ambassador
2,289,099
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Huh?! Repairs need to written down and then agreed upon...a home inspection is not a repair list!

Mar 02, 2020 02:34 PM
Rainmaker
2,533,923
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

The motive behind it is missing or not clear. It is such an insignificant amount that one wonders: 1. Is someone just trying to impress? 2. An offset or recapture tactic? 3. Proof of worth? I have heard outlandish requests & the silly. Real Estate which is human nature driven does that. Seek results

Mar 02, 2020 01:54 PM
Rainmaker
1,530,978
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Most sellers would, when presented with a request for $1,000 with no backup, want to say "no." I think that's a valid response.

 

Mar 02, 2020 06:36 PM
Rainer
193,641
Don Baker
Lane Realty - Eatonton, GA

We're a due diligence state and sometimes buyers want a credit to make their own repairs from an inspection (even when it's bringing something up to current code when it wasn't code when it was built) We get price reduction requests often and sellers often give the reduction vs. doing the repairs. Sellers sometimes even offer a price reduction vs. doing repairs.

Mar 02, 2020 02:19 PM
Rainmaker
1,297,126
Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

I thought we all had crystal balls, tarot cards and were psychics!

Oh and no.

Mar 02, 2020 12:19 PM
Rainmaker
1,709,787
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I'd say "I don't have time to figure it out. Fill in the blanks and we may honor your request if it's reasonable".

Mar 02, 2020 01:30 PM
Rainmaker
802,540
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

I would advise counter at list (- $1) plus $500 MLS or Convenience fee Paid by buyer agent to listing agent.and return the report.

Buyer agent will ask, "What's that for?"

This is a red flag indicating this is but the first in a long sequence of "shoot me now' episodes. I would advise seller to not take home off market for this buyer until ALL contingencies have been satisfied.

Regarding $1,000 credits based on inspection without very specific details  would be a NO GO. 

 

Mar 02, 2020 01:24 PM
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

We are good at saying NO to these types of things.

I suspect that the buyer is just bluffing to see what they can get away with.

Mar 04, 2020 07:50 AM
Rainmaker
3,492,160
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Nina Hollander and Alan May have you covered!

Mar 03, 2020 05:29 AM
Rainmaker
2,858,167
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Seems to me like they are really asking for a seller credit.  How can it be a repair request when no specific repairs are requested?  By the way, that was rhetorical. 

If they want repairs the repairs need to be outlined. If they want a credit they need to ask for a seller credit. 

There is always more to the story - the details. The market. Backup offers?  If your market is like my market, and I suspect it is very much like my market, then I'd have a discussion with the seller regarding options.  There are many, including Miss Nina Hollander 's suggestion to pound sand. 

 

Mar 02, 2020 06:59 PM
Rainmaker
789,115
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I'm not a psychic, and if you can't spell out what you want, your request is rejected.

Mar 02, 2020 06:45 PM
Rainmaker
572,251
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
Summit Real Estate Santa Clarita & OC Laguna Nigel

I don't see anything wrong with the request.  Next step would be to respond to it.

Mar 04, 2020 01:50 PM
Rainmaker
838,190
Mel Ahrens, MBA, Kelly Right Real Estate
Kelly Right Real Estate - Hood River, OR
Customized Choices for your Real Estate Needs

Just say No!

Mar 04, 2020 02:26 AM
Ambassador
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Anna Banana Kruchten Broker, CRB, CRS
HomeSmart International - Phoenix, AZ
602-380-4886

Well first of all his lack of professional is crazy.  We had a guy do this a few years back and he was trying to make himself the buyers hero by reducing the price.  The guy was clueless.  He mentioned to me the home needed to be painted throughout and flooring replaced.  I said - did you even read the MLS remarks?   If you had you'd have known the entire home had been re-done and was in great condition.  It sold as is.

Mar 03, 2020 03:36 PM
Rainmaker
5,688,259
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Follow the terms of the contract that relate to the inspection.

Mar 03, 2020 11:43 AM
Rainmaker
1,436,181
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Reject the request and say: "You figure it out."

Mar 03, 2020 09:39 AM
Rainer
129,361
Anthony Kirlew
Group 46:10 Network @ eXp Realty - Gilbert, AZ
Helping You Make Fiscally Sound Choices

Reject it.

Mar 03, 2020 05:56 AM
Rainmaker
670,994
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

I'd reinforce the standards for our market, explain the buyer's request, & remind the seller that they have every right to say "no".  And then I'd ask the agent if they'd talk to their parent like that.  

Mar 03, 2020 04:38 AM
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

It's very common in my market to ask for a reduced price or contribution to closing in lieu of repairs.  Happens all the time and if we have the inspection and can see the scope of repairs needed we can get our own estimate of costs and most sellers are fine handing over some funds instead of the hassle of managing the repairs. 

Mar 02, 2020 09:34 PM
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Jeff Dowler, CRS
eXp Realty of California - Carlsbad, CA
The Southern California Relocation Dude

Yep, that's a first. I had a buyer who wanted to submit a detailed RR requesting EVERYTHING in the inspection be repaired. Hard to respond, though, is you truly  don't know what's being requested. Sounds like the seller should just reject the buyer's request, in writing.

Mar 02, 2020 08:12 PM