Recently I have been showing a client in the $1M range north & east of Bothell. They wanted a larger yard, .50-1 acre and did not want new construction. We came across a common theme in what we saw
in about 50 homes. We wrote 4 offers and 4 terminations. All due to lack of maintenance in the home. From roofs needing total replacement (not even a 5 yr roof certificate needed for the loan), crawlspace major issues, rodents, black mold, no service on furnace, appliances not working, I mean total deferred maintenance. Several agents said, ’that is why we priced it low’, when in reality we found other homes that were perfect in the same price range but for one reason or another it wasn’t a fit. The excuse of pricing it lower even after a seller’s inspection they do not repair or replace the items noted does not fly for most buyer’s. Buyer’s want homes that are in good condition. They expect the home to be maintained. They also want their appraiser not to call out deferred items and holding up closing.
Buyer’s beware of waiving inspections, seller disclosure’s need to reflect items that are in fact defective. Get bids for repairs, inform the listing agent these will need to be corrected. Since mostly the remedy is taking it off the price wouldn't the seller be ahead if they presented a well cared for home and get multiple offers if priced well.
If you want an experienced broker, who was raised by a builder and understands quality construction, please call for a showing of your favorite listing.
Again congratulations to Cheryl & Joe! No more living in a hotel:)
Call anytime for your real estate questions!
I love my job!
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