Philadelphia Real Estate Helpful News and Views

Buying a Perfect House in a Market with Low Inventory

 

A beautiful house was sold in a market with low inventory. Everything was updated and staged beautifully but we all know that no house is perfect. The buyer had a home inspection and there were very minor repairs required which the buyer asked for only one and the seller agreed to do.

 

The Buyer and the seller had become friendly during the sale.  They exchanged phone numbers which they were very proud of. The seller would say oh the buyer stopped by and we had such a nice talk. I advised the seller against this. Saying he, not your friend he is purchasing your house. He brushed me off and did not listen.

 

The seller was leaving him furniture, tools, and other items. When they did the walk-through there were items there that the buyer said he did not want. The seller moved out of town. When we spoke to the seller he said the buyer and he had agreed he could leave these items. When we tried to put the buyer on the phone with the seller he refused and backed off from his objections 

 

It is now a month later and the buyer is still calling about repairs he needs to do that he was not aware of. The home inspector missed this he should have to pay for it. The dishwasher does not work right. The seller left the garage dirty,  I receive calls almost every other day. I really like the buyer but these calls are becoming annoying and no matter what or how these issues were approached the buyer insists that someone should pay for these repairs. Call that seller he bellowed earn that commission you were paid

 

  

Just so happened the seller called me. Talking to the seller I found out more information. The seller gave the buyer money to have these cosmetic repairs done.  The buyer was there with one of his buddies showing him around the place. The seller handed him cash.  Why on earth would you give him money?  He also said he would call the buyer and find out what the problem was. 

 

Magically the phone calls and text messages from the buyer stopped. 

 

In today's market buyers are so anxious to buy a home as the inventory is so low. Sometimes they overlook small details even when they have a Home Inspection. Many buyers may have been looking for months even years. Then when they realize no house is perfect they get upset. The perfectly staged house may have a few flaws the buyer may cry wolf. 

 

Most important be sure all repairs and monies are in writing it will save time and confusion. Buyers and sellers should have an agent present at meetings helps to avoid an uncomfortable situation that could and should  have been avoided 

 

  This is my 3rd entry October Challenge -To Think is to Create 

 

hannah williams

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Re/Max Eastern

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Comment balloon 34 commentsHannah Williams • October 19 2020 10:12PM
Buying a Perfect House in a Market with Low Inventory
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