Did you ever have a day where everything started out great . You woke up the sun was shining it was a beautiful day . Your hair turned out perfect . Make-up went on smooth even the clothes you decided to wear looked good . You made all the green lights on the way to the office . The day was going so nice . You were sailing through your paper work . The additional deposit was dropped off for your listing that sold .
Then you received that phone call . It was the co op agent he was sending the FHA repairs He knew I was not going to be happy . There were so many repairs I gasped . I had not seen repairs like these since the nineties. I was distraught. The seller had already done repairs for the home inspections . Now these repairs were really not expected . There were certifications and painting plus concrete work This home had a new kitchen and bath . Why a plumbing certification ? Why electrical certs ?
Sometimes I wonder . How do we rationalize these repairs to the seller . We agree /negotiate a purchase price . Home Inspectors come in and then the seller feels obligated to do repairs to their house or give a dollar credit . Then perhaps an appraiser comes and can in some circumstances say either the house is not worth the price the buyer paid . In some cases appraisers say it is worth the price but adds more repairs for the seller to do to the house . Mercy me and people think our job is easy .
So what is really the purchase price of the house ? The house is not a new house . The buyer knows this . They had a home inspection . We negotiated repairs with the home inspection clause now there are a whole list of new repairs .These are repairs that could be done to the house . Do they have to be done right now in order for this buyer to occupy the property
People look at what we are getting paid and think our job is easy . Come on let's be honest . The agent who sells the house splits it with the listing agent . In some cases the agents could be on a fifty percent split with the company . Every agency is different as are agents .
The seller is upset . Is this fair . Regardless of being fair we must take the bull by the horns I am meeting with a contractor getting an estimate for these repairs . Hopefully we can move forward . Giving up right now is not an option . Finding solutions to the problem is the next step . Am I upset ? Yes I am upset . That is not going to find the solution . We have to push emotions aside . Do what is important to get the house sold .
Mercy Me So What Price Did My House Really Sell For ?
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Please contact Hannah Williams