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Not specifically, but we met beforehand so he could ask me where I was in terms of purchasing. He indicated that I was being too picky, which I understand.
Silverfall, yes, we did have a bid in on a house that we pulled out of after the inspection turned up more than we thought we'd have to deal with. They offered some compensation in return, but it wasn't enough to cover what we discovered. But I can see how this was a mistake on our part and we have been more realistic since then. Thank you for saying this, though, because I would like to not be a bad client as we move forward.
It isn't about being a bad client. I mean this is your money, not mine or your agents.
If you told me as an agent that you were willing to renovate or tear down and build new, then walked away from a home over repairs, I just would think that you aren't grounded in reality. So I'd have to make a business decision about my time. You make choices with your time and money, and your agent has to make choices with their time and money.
I agree with Silverfall. It's an agonizing call to release a client, particularly after you've invested so much time and money. At some point the agent, who is running a business, has to decide if gambling on your chances of buying is worth not working with another potential client which might lead to a quicker/more certain outcome. There are only so many hours one can devote to work.
Just curious...and I may be fanning flames here...but if your plan was to renovate OR tear down and build from scratch (as indicated by your OP) then why would the amount of repairs matter? If the cost of repairs was too much why didn't you buy the land, tear down, and build new?
The particular property in question would have been in need of major renovation to its mechanicals and electricals (perhaps some major plumbing as well). It also needed updating - 2 bathrooms still from the 50's, a kitchen from the 70's. In addition, it was near enough to a very busy road and would have required some sort of sound mediation (wall?) to allow outdoor activities. All of this was acceptable, though stretching our desires a bit as the house was larger than we wanted and not in an area we wanted.
The inspection turned up leaking from the roof, more electrical issues than I suspected, more plumbing issues that I suspected and a settling issue on one side. This pushed the renovation budget tens of thousands of dollars higher than we had planned for. We didn't want the house badly enough to warrant the additional costs. Valid question, though.
Silverfall and WhoFanMe, I understand and can see my agent's point of view more clearly because of your feedback. Thank you. It is true that the particular house we backed out of was clearly not right for us and we didn't see it at the time until inspection. This has been very helpful in guiding our future interactions with a buyers agent.
It isn't about being a bad client. I mean this is your money, not mine or your agents.
If you told me as an agent that you were willing to renovate or tear down and build new, then walked away from a home over repairs, I just would think that you aren't grounded in reality. So I'd have to make a business decision about my time. You make choices with your time and money, and your agent has to make choices with their time and money.
Soooooo.....what do you get for an agent who's had the patience of a saint for a few years?
Hypothetically speaking, of course.
Referrals of your friends and family.
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If the cost of repairs was too much why didn't you buy the land, tear down, and build new?
