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All Forum Posts by: James Dandiu

James Dandiu has started 2 posts and replied 3 times.

Post: Question about closing

James DandiuPosted
  • Posts 3
  • Votes 2

I’m selling my home and we are past the due diligence phase and my handyman has fixed the items we agreed to fix as part of the amendment to address concerns. My question is if the buyer for whatever reason is unhappy with any of the items we fixed or the way we addressed the concern (e.g. handyman had to build a s trap instead of a p trap since the under sink area wouldn’t allow for a p trap), what recourse do they have? Is this something we negotiate again during the closing? Is it possible they can still back out at this point?

Quote from @Kevin Sobilo:

@James Dandiu, It sounds like you were getting hyper-technical and very detailed in your response to each item on the inspection report. An agent trying to relay that might not be able to explain it as well to another nontechnical agent who then needs to explain it to the buyer. So, having you involved in explaining makes sense IF the parties want to discuss the actual issues or in this case dispute the existence of a couple of the issues.

When the agent is talking to you saying this like "think of it from the buyer's perspective" that is the agent talking to YOU. I know its easy to think that the agent will say the same things to the other side, but that isn't necessarily the case. When the agent is talking to YOU, they are trying to have you see the situation clearly and to help bring the deal together.

Each time there is a response, you should discuss not only what the response is but HOW it is to be presented. For example, "We will reduce the sales price $2500 and this is our FINAL offer".

An agent who tells you what you want to hear, might make you feel like they are on your side but that isn't always how to best serve the clients interests. Try to keep that in mind. 

Not at all. Most items said we would address the issue and were simple fixes (e.g. trim trees, fill in cracks, address door binding to close flush, etc.). Only one repair item (leak above crawlspace where washer sits) had 4 bullets that may have been a bit more complex but not even. Anyone could’ve read off the sheet and it would’ve made perfect sense. (dry area, caulk around drain pipe, replace insulation, and test for mold). 

 Just received the amendment to address concerns after our 3 way call and it had two additional items that we didn’t discuss on the call so i wanted to push back and my agent asked if I wanted to hop on a call with the buyer’s agent. I said, “so you want me to push back?” He said email me and I’ll do it. Interesting.

Selling my home and currently in the due diligence period. I sent my agent a list of all the items and notes of what my contractor and I were planning on doing to address the items called out in the inspection, and if not, the amount of credit willing to offer or a note/justification on why I wasn’t planning on doing anything. Literally offered to fix everything, except for the 7 yr old water heater which is working perfectly fine, and the bathroom sink “leak” which does not have a leak after testing it. Also pushing back on a foundation inspection certification from Aquaguard simply because I feel like the company is incentivized to say there is something wrong even when there isn’t just so they can “fix” it. My agent asked me to hop on a call with the buyers agent to “explain all of the items and actions or inaction/including justification and to answer any questions.” It almost seemed like a preliminary negotiation call and the buyer’s agent was trying to push back on the last two items with me pushing back a bit as well. Isn’t this supposed to be my agents job instead of me doing this?

Also, it was obvious the buyer’s agent had the inspector nitpick on every little thing (e.g. 3 hairline settlement foundation cracks which from my understanding is common on most homes but he is asking if he can have a company certify the foundation, calling out no insulation in the attic when there is a cover above the door, asking for co2 sensors to be added when there’s not even gas appliances or attached garage, etc.). When first receiving the inspection report, my agent said that he’s only seen a report as nitpicky as this once before with one other home. Now, a couple times after when we spoke, it seems like he is trying to justify it and saying things like, “well you should look at things from the buyer’s perspective.”   
I have a feeling that’s it’s because he’s not very good at pushing back even though there’s very little to push back on but I feel like he’s not even on my side but if he is, he’s doing a poor job of it and having a very lackadaisical attitude about it.