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Home selling help! (long one)

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    Home selling help! (long one)

    Hi everyone. I have been coming to the Forum each day but not much time to comment. Reading your Forum comments are helping me to stay sane.

    I really need your advice & comments.

    We are in the waiting process before the house closes on Nov. 26th. My realtor said she had an email from the buyers agent who said the home inspection went well. We are waiting on the appraiser to come.

    The buyers asked for $3,000 closing costs & everyone I know has said that in our market that was nuts & we should have said no. (I felt pushed by our realtor & DH)
    Now my agent called & said she got a text from the buyers agent that they have a "small" list of things they want fixed. I told DH & our realtor that I am not fixing one more thing. Our realtor is frustrated with me & I am not happy with her either. Although I haven't seen the list I know it's not something structural, systems related or unsafe.
    Our house is 11 years old and I have taken extremely good care of the inside & outside. I have spent $500 painting the inside, $1000 on the garage door, $400 with the electrician, $600 on all new faucets, $900 on the HVAC and $400 on wall art & curtains. Five months ago we put up a very nice six foot black fence around the back yard to the tune of $5,500. (my emergency credit card has melted)
    We need every dime we make off this house to buy the next one.

    I know the buyers put down money on a house & walked away. I am willing to bet they won't walk away this time due to the reasons that made them choose our house. We had 8 great offers and 2 back up offers. I still have people pulling in my driveway wanting to get on the list. If they walk away due to trivial requests we won't have a problem getting another offer.

    Is this sound reasoning on my side?
    They make walk away, they may bluff that they will walk away, they may ask to split the cost of "repairs" or they may still insist we pay up. At any of those points my answer is still no. Also they came to the house with their agent so they saw what it looked like & if they weren't happy they should have keep looking.

    I really need help figuring out how to handle this before my realtor comes by with the list. We have found a house that we are 97% sure we want to purchase so going back on the market is a stressful thought but I will if needed.

    If you have sold a house or houses have you told buyers no to a "fix everything" list so they get a "brand new" house? If so how did it go? Did you have to concede & fix something? Lose the sale?

    This is a short youtube video in case you want to see the home video:
    https://www.youtube.com/watch?v=M-SBTSw59bM

    This is the listing page:
    https://www.realtor.com/realestatean...3_M64462-52103

    Thank you for your help!!!!!!

    Sorry this is so long.
    :icon_happy:


    sigpic

    #2
    Re: Home selling help! (long one)

    Don't fix what you don't want to fix. Fix something if you want to but don't let the realtor buffalo you. She can fix it if it is that important to make the sale.
    Try standing in front of a mirror and saying no, no, no.

    Comment


      #3
      Re: Home selling help! (long one)

      Buying and selling a home is stressful. Maybe, before deciding, ask to see the list. They may be things you would do anyway. With small money. Also, consider the time of year. While many may say they're interested in your home, they probably don't want to move at Christmas. You may be be starting all over again.
      Diana Grey

      Comment


        #4
        Re: Home selling help! (long one)

        I haven't sold a house, so no help there. We're hoping to sell out in a few years and more......we'll kinda your neck of the world.

        I watched the video....your house is IMMACULATE! I agree, the stuff they must want done, must be small stuff.....they're going to push, and, if you move, they'll be happy. But I'm thinking they're already happy. Maybe they're agent is making suggestion to justify themselves?
        If they present a legitimate item, consider it, do or don't, the choice is yours. Don't be pushed into doing it. I don't think you'll get anymore for it and the sale will drag as the waiting game goes on.

        I'm happy for you, I know you've been wanting to sell and move on....this could be it. Breathe.......it'll all be fantastic!

        Comment


          #5
          Re: Home selling help! (long one)

          Take a look at the list. It may not be bad. Remember you have the option to accept or decline the extras. If you tell them to forget it, and the buyers don't like it, they can pound sand. Enter the other offers. The vibe I'm getting from your post is the realtor is aware you need the funds for the new home and is bullying you into something you don't want to do. Devils advocate - it might be the best offer you'll get and she knows it, and she just wants to get it wrapped up for you. I wish you well, it's very stressful.

          Comment


            #6
            Re: Home selling help! (long one)

            We sold our 100 year old house 8 years ago. When the home inspection report came in our realtor said it was the longest list of things needed fixing that he ever saw in 30 years of being a realtor. The buyers didn't ask us to fix anything or insist on a price adjustment. They were a young couple, this was their first house, and I honestly think their realtor did a pretty crummy job representing them. We would have shared some repair costs if pushed, bc we had no backup offers and already picked out another house we wanted to buy. One issue came up was they needed a new roof in order to get the loan and insurance. We had to pay for the new roof bc the home was in our name, but the buyers then added that to the purchase price and completely reimbursed us, when we would have gone 50/50 on that if asked. The buyer said he was good at fixing things and could do almost all the stuff on the to do list. Since you have backups and other people wanting to get a crack at your house, I would draw that line in the sand and tell your buyers No more! Take it or leave it. And if they walk away you can fall back on the others. You have spent a ton getting your house ready to sell and I think enough is enough. I love watching shows like House Hunters but I think they give new buyers unreasonable expectations. For example, If they don't like your counter tops why should you pay so they can get them updated how they want. Anything cosmetic should be on them. It's okay to say no and not feel guilty.

            Comment


              #7
              Re: Home selling help! (long one)

              Look at the list before you decide. Then discuss it with your DH. This should be a joint decision. Feel absolutely free to say no, but be prepared to listen fully to what DH says.

              Were the other offers as good?

              One last thought, you and DH are the ones paying the 6% commission to sell the house. Your agent is supposed to be working on your side.
              Stash Treasure Acquisitions Beyond Life Expectancy. My stash keeps me STABLE, oh yeah.... and dark chocolate.

              Comment


                #8
                Re: Home selling help! (long one)

                I agree, look at the list and discuss with DH. You are under no obligation to fix anything- the contracts we signed in NC all said sold AS IS and our agent told us anything we chose to fix would be a kindness on our part.

                The list of fixes our buyers wanted was pages long. We picked the easiest couple and said no to the rest... they had the nerve to want all of the windows replaced! Bet you can guess what my DH said about that!

                Breathe and pray about it. Since you have other offers, you have the upper hand in negotiations.
                Katrina


                “Nothing can dim the light which shines from within.”
                ― Maya Angelou

                Comment


                  #9
                  Re: Home selling help! (long one)

                  Originally posted by DeniseSm View Post
                  Look at the list before you decide. Then discuss it with your DH. This should be a joint decision. Feel absolutely free to say no, but be prepared to listen fully to what DH says.

                  Were the other offers as good?

                  One last thought, you and DH are the ones paying the 6% commission to sell the house. Your agent is supposed to be working on your side.
                  Two offers at list, three above list but the same amount and the one we took was $5000 over but they asked for a little over $3000 closing costs.

                  DH feels like I do but is mild mannered so won't say much. He'll let me fight the battles.

                  Thank you for pointing out that I'm PAYING my agent to sell MY house. So she needs to cool her jets and work for me!
                  :icon_happy:


                  sigpic

                  Comment


                    #10
                    Re: Home selling help! (long one)

                    Originally posted by Claire Hallman View Post
                    Don't fix what you don't want to fix. Fix something if you want to but don't let the realtor buffalo you. She can fix it if it is that important to make the sale.
                    Try standing in front of a mirror and saying no, no, no.
                    Thank you
                    :icon_happy:


                    sigpic

                    Comment


                      #11
                      Re: Home selling help! (long one)

                      Stick to your "no". They are just trying to get a few changes at YOUR expense.
                      TRUTH is seldom appreciated, unless you happen to agree with it. When you don't agree, you just call it rude.

                      Comment


                        #12
                        Re: Home selling help! (long one)

                        My first question would be who is this agent ... is she the buyer's agent, your (seller's) agent or a dual agent? Is the company her's; that is is she the Broker? It makes a difference to recognize where she's coming from. As a former NC Licensed Home Inspector I'd be interested in looking at the findings. I'll pm you later tonight and maybe help interpret what is considered necessary under the law.

                        Comment


                          #13
                          Re: Home selling help! (long one)

                          I've sold a few times over the years and the only time I have made repairs is when the item came up on inspection and the buyer wanted it fixed. All were minor / not safety related. My 2 cents - if any of the items on the list seem legitimate , and assuming it is legal to do so, tell them that the cost of any 'repairs' would need to come from the $3,000 closing costs but they can't have both. You are under no obligation to accept any of their conditions, especially for a beautiful house that you have other people interested in. Good luck!
                          Slainte!

                          Liz


                          :icon_pcnoob:

                          Comment


                            #14
                            Re: Home selling help! (long one)

                            I'm of no help with suggestions..........just wanted to say you have a beautiful home and I love the deck and backyard.
                            "I'm putting together a list of 100 reasons why I am NOT relentless!" - Sue Heck, The Middle

                            Leonard: For God's sake, Sheldon, do I have to hold up a sarcasm sign every time I open my mouth?
                            Sheldon (intrigued): You have a sarcasm sign?

                            Comment


                              #15
                              Re: Home selling help! (long one)

                              We had a similar problem/situation with a young couple (many years ago). After making many concessions and throwing in all the appliances (including the w/d, d/w, stove and new fridge) they asked for a new roof on the unattached garage. The home inspection was perfect BTW. That is when I said: If you want to go back to the original offer and start over fine, or just take it as is right now. The two realtors decided to pay for the garage roof ($500) out of their commissions. If your realtor wants this sale bad enough she will do whatever it takes. Also we were told the buyers were preapproved, but found out they were not. We almost lost the home we wanted because of all the foot dragging. Thankfully it turned out well.

                              Keep in mind the realtor is supposed to be working for you and if she isn't I am sure there will be another that will be happy to help you. Also if you have any concerns your best interests are not being met, make an inquiry at the Board of Realtors. They oversee the agents and want to make sure they are doing their due diligence. You wouldn't take your car to a shoddy mechanic and you should view this transaction like that as well. Too many times we feel pressured buying/selling a home and it doesn't need to be that nerve wracking. You are paying dearly for a service and deserve the best. Our last realtor was perfect and very experienced and did everything to make sure it was as stress free as possible.

                              Sorry to be so long winded, but I hate to see someone being taken advantage of. Standing up for yourself is not being mean/rude. This is a business transaction and you have every right to be firm in your decision. Remember to breathe...everything will work out.
                              Last edited by Granny Fran; November 8th, 2018, 04:34 PM.
                              No act of kindness, however small, is ever wasted.
                              Aesop

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