Last time you went to look at a property did you bring your home inspection checklist?
You’re thinking you want a professional home inspector to inspect a home before you buy it, aren’t you?
Homer Buyer thought the same way. He didn’t feel qualified to do a full home inspection and he wanted a professional opinion on the condition of the home.
When Homer was looking for properties he saw many that were interesting, but was having a hard time choosing one. He kept looking at homes and after a while, he couldn’t really remember the details.
He thought, “Was the one on Main Street the one with the built in barbecue in the back yard? Or was that the one on Elm?”
So Homer kept looking and then he came across one that really stood out from the rest. It had everything that Homer wanted. It had a beautiful master suite, a nice view of the valley, and magnificent landscaping around a pool in the back yard.
When the seller’s agent showed Homer the property, he was enchanted with the place. He just had to have this house. The agent noted how infatuated Homer was and told his client to hold out for more money.
Homer made an offer for the full list price. The client had listed the property at market value as determined by comparable sales, but the agent advised him to ask for more.
The seller countered Homer’s offer with a price $10,000.00 higher. Homer accepted the counter offer, afraid that he might lose the house if he countered with a lower price.
When Homer had the house inspected, he found out that the roof needed repair and the foundation was cracked. Homer didn’t have any idea what the repairs would cost.
Following the advice of his real estate agent, Homer asked the seller for $11,000 repair credit, but the seller countered his offer with $3,500 repair credit. Homer was almost ready to accept the deal, but Read More
Feb 08 2009
