Buyer Agent Asks for the World!

[Tiara Thompson]

Hey. I am in the process of selling my flip property. We are under contract and the buyer has got a Home inspection done. Now I will start by saying this is our first flip so it is all a learning curve. I feel like the Buyers agent is asking for a lot of things on the repair list to get done things that the Buyer is not even concerned about. 

There was a statement on the inspection about there being repairs done to a Truss and the subfloor in the bathroom. And the Buyers agent asked for us to pay for a structural engineer to come in and "evaluate these items" Including a transition area that just needs a threshold. I think that all Structural engineers do is, come and look at stuff. 

So, that means I have to pay two people to look at the same thing and only one is going to fix the issue. My seller/husband is saying No we are not doing that. But, we will get a contractor to look at the repaired items.

The Buyers agent is saying that since we are Realtors we need a Structural engineer because it could fall back on us. And I am just not trying to foot that bill for it. Is this a common thing that happens in a sell?? Granted we should have gotten a home inspection before the purchase but seriously they are driving me nuts...

[Russell Brazil]

Quick tip...dont sell your own flips. Your e&o insurance does not cover you when you are a principal to the transaction. 

Buyers expect flips to be near perfect. Thats why they pay a premium for them.

Also as a tip, set aside $5-10k of your proceeds and be ready to fix problems as they arise with the property after closing. Paying to fix things later is typically cheaper than getting sued.