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Friend is selling her raised ranch home in Anchorage, AK.
Buyer has offered full price but is now asking for a number of repairs and updates, such as replacing the dropped ceiling in the basement with a drywall ceiling so he can rent the bottom floor out as one unit of a duplex. Her real estate agent is encouraging her to do this.
Realtor has told her the Alaska real estate laws changed a year or so ago and that it is not legal to show a home once an offer has been accepted.. She also told her it is the seller's responsibility to pay for the inspection and the survey. Friend has agree to this.
This all seems odd to me. Until the inspection contingency and all other contingencies have been resolved, I thought you could continue to show the home and take back-up offers.
Also, I've always thought the buyer paid for the inspection and survey.
Does anyone know if her realtor's information is accurate?
Sounds fishy to me. I would contact the broker above the agent and demand to see the law that they are referencing. If they are lying I would fire them and report them to the state licensing agency. Their commitment is to the seller and lying like that is a major problem, basically trying to take advantage of the sellers ignorance.
I do not know Alaska but you have not accepted the offer as it has contingencies (modifications/repairs) so it is not an accepted offer. It is just an offer. Also it is far from a contract.
If it's Alaskan law, then I'm sure it can be found online. Your friend isn't hearing/conveying something properly though...Its either still just an offer or it's a contract. And certainly the first question you would have asked was "is the agent representing both parties?"
Perhaps there was something in the offer "contract" that specified she couldn't continue showing it. But I can find nothing online that says state law prohibits showing a home once an offer has been accepted.
Her agent also "staged" her home by adding a small rug and a chair. in the living room Make the living room looked crowded to me. The whole point of staging is to make your home look like a more expensive home, not crowded and mismatched.
Also, in the listing agreement, seller has to pay $1500 advertising costs (which seems to consist of a trifold and a one-page) if she she decides not to accept this offer.
The whole things sounds nuts to me. Keller Williams is the broker agency, so maybe I'm not understanding things correctly. I've always thought they were a reputable outfit.
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