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Absolutely true - our house is on the market now and we had a potential buyer look at the house who then said he wasn't interested because he wanted a 2-car garage. Ummm, yeah, it was listed as a 1-car garage.
Often, realtors try to shoehorn, because no house ever ticks off all the boxes...so he could have told your prospective buyer that there was room to add a second garage bay... and then, there were other things, and that was the out. Although, I don't understand why just telling an agent this house is not what I want as a reason if he needs a reason to fill in a questionnaire, and then tell the agent the specifics, so the agent can get a better idea of what to look for criteria wise.
Often, realtors try to shoehorn, because no house ever ticks off all the boxes...so he could have told your prospective buyer that there was room to add a second garage bay... and then, there were other things, and that was the out. Although, I don't understand why just telling an agent this house is not what I want as a reason if he needs a reason to fill in a questionnaire, and then tell the agent the specifics, so the agent can get a better idea of what to look for criteria wise.
If an agent (the listing agent?) is pressuring everyone who sees the house to "give a reason" why they don't want the house, well first, that's a big turn-off to me. And people may just say something just to get out of there. I had an agent at an Open House once attempt to grill me when I was leaving, going on & on about what I thought about it. When I answered in vague terms, like that I thought it was "nice", or "nice updates", she just wouldn't let it go.
I had other properties to see. And I thought; "you're the agent, lady, shouldn't you know the pros & cons of the property? I shouldn't have to justify for 20 minutes why I don't want it. One thing knew, I didn't want to have to deal with her.
BTW, I think this is something that some listing agents do to placate the seller.......sensible sellers & good agents should know the pros & cons of the property.....
Absolutely true - our house is on the market now and we had a potential buyer look at the house who then said he wasn't interested because he wanted a 2-car garage. Ummm, yeah, it was listed as a 1-car garage.
We had a realtor come in to "convert" our for sale by owner to a listing. He was showing comps for our house on his phone and we said we were the closest to and gave him an address. He said "oh, but they have a garage." I said "We have two". He looked really confused and said where are they. They showed in our main lead in picture in our ads. We took the picture to be sure to include both garages.
In the District of Columbia it is not uncommon for the listing agents to refuse to take any offers to their seller with an inspection contingency (or any for that matter). They want the perspective buyer to make an offer knowing all of the warts. It makes sense....when my son sold in DC, they had more than 3 interested parties, they made sure anyone that made it to the finish line got their inspection in. I say more than three parties only because a couple dropped out due to inspection - they had 3 offers to consider in the end. (Not sure what they expected for a 80+ year old home).
No renegotiating the price, no surprises. I had never heard of their real estate company (and I see Realtor and company names all day), but I was impressed with their Realtor taking control of the transaction. (Company was Compass). No one blinked at the "no contingencies" - I guess in a super hot market the sellers really have an upper hand - this Realtor pushed it to a new height.
In the District of Columbia it is not uncommon for the listing agents to refuse to take any offers to their seller with an inspection contingency (or any for that matter). They want the perspective buyer to make an offer knowing all of the warts. It makes sense....when my son sold in DC, they had more than 3 interested parties, they made sure anyone that made it to the finish line got their inspection in. I say more than three parties only because a couple dropped out due to inspection - they had 3 offers to consider in the end. (Not sure what they expected for a 80+ year old home).
No renegotiating the price, no surprises. I had never heard of their real estate company (and I see Realtor and company names all day), but I was impressed with their Realtor taking control of the transaction. (Company was Compass). No one blinked at the "no contingencies" - I guess in a super hot market the sellers really have an upper hand - this Realtor pushed it to a new height.
So how does this work? Prospective buyers are welcome to do an inspection before they make their offer?
So how does this work? Prospective buyers are welcome to do an inspection before they make their offer?
How is this good for sellers?
One thing my listing agent did was a pre listing inspection .
He paid for it to be done .
He stated that it would give us a better edge in negotiation since everything was up front .
The buyer still had an inspection period and I was worried the whole time they would come up with something to ask for a discount .. but it turned out they didn't even end up doing their own inspection .
I guess they figured why spend the money .
The thing is I'm not sure if the agent gave the inspection report to them right before they made the offer or after the offer.
There were multiple offers and it went under contract quickly so I was glad about that.
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