The most common problem in negotiating offers is people winging it.
The process is very predictable – the longer the negotiations last, the less likely a deal will come together.
Conversely, if you know the boundaries, you can formulate a strategy in advance instead of the usual, “Let’s just give it a rip and see what happens”.
what about when a home inspector blows up a deal?
Seems like some of these home inspection reports can tear apart a house with a bunch of tiny issues.
the buyer sees the report and freaks out and wants a bunch of stuff fixed.Seems like some of the reports can be over the top.
It really seems that the other parties in the deal can have a major influence on the outcome of a deal.
Pest inspection, home inspection, title company, appraisor.
I think this is where a good realtors experience and contacts can be a big plus.
Presuming that people are interviewing realtors and not just selecting them based on looks, this is a good question to ask.
“Can you tell me about your last experience with a home inspection, and how you handled it?”
If you talk to a “team” or “group”, then the person you are talking to doesn’t handle the inspections, instead it is left to the assistants to kick around.
If you are talking to Aunt Bea, well she hasn’t had an inspection in a while and may not remember.
A discount agent will say, “Sorry pal, you are on your own – this is a limited-service deal”.
I certainly hope people aren’t selecting a realtor based on looks. Is that common?
For most folks it is one of the biggest financial endeavors they will ever make. If you don’t have someone knowledgeable the process can become a living hell. Been there done that.