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The Gene Molloy Real Estate Blog

May. 3, 2007 - You Want What??????

So we had us some real excitement didn't we?  We looked at some really nice houses and we found you a place that felt like home.  I know your head was spinning when we wrote up the offer.  You thought that it was only a matter of telling the seller how much you were willing to pay for the house, you didn't expect 11 pages of mumbo jumbo, did you?  I know you were nervous during the negotiations, but didn't I tell you we could get that place for a lot less than they were asking?

 

I'm really glad you hired Michael Pignotti the Home Inspector too.  I have worked with him on many occassions and I know he is a straight shooter.  That was a pretty comprehensive inspection, wasn't it?  I was really impressed by the little tips and tidbits he was giving you during the inspection.  You know, I learn a few things myself, practically ever time I work with him.  I'm glad we didn't find anything that would be a safety hazard or life threatening this time around.  I remember the time he saved another buyer of mine from buying a house that was going to cause the new owner some real problems, but hey, that's another story.

 

Your Attorney has a copy of the home inspection report as well, so let's look it over and see if we need to ask for any repairs or repair credits.  Let's not get carried away though, remember what the contract said, "A major component shall be deemed to be in operating condition if it performs the function for which it is intended, regardless of age, and does not constitute a threat to health or safety.  The fact that a functioning component may be at the end of it's useful life shall not render such component defective for the purpose of this paragraph.  Buyer agrees minor repairs and routine maintenance items are not a part of this contingency".

 

With that in mind, yes, I think we should ask the to have the roof leak repaired.  If you feel more comfortable contracting to have it done yourself then we should ask for a credit so you can have it done after you take possession.  I do not, however, think you should ask to have the washer and dryer replaced.  They are old, but they work.  No, not even a credit to buy new ones.  The home inspection is meant to insure that you are buying a safe and sound home.  The home inspection is not an instrument to be used to try and renegotiate a better deal after the fact.  

 

As always, if you have found yourself receiving my blog postings via e-mail, it is because I have either blogged about you personally, blogged about something I know is of interest to you, or I consider you to be a person of deep thinking and intellect and I would love to have you occasionally commenting on my blog. If you would like to be removed from the list simply send me an e-mail saying so.

Comments (4) :: Post A Comment! :: Permanent Link

May. 4, 2007 - re: You Want What??????

Posted by Michael Pignotti
It's quite satisfying to hear the inspection process is a positive influence. Please convey to all of your clients they can discuss any concern they have with their property with me at any time. Thanks for the vote of confidence.
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May. 10, 2007 - re: You Want What??????

Posted by Maureen McCabe

Good blog entry... fun to read the verbiage from another contract.  I've been blogging about home inspections myself lately on one of my blogs.   I think I might have to blog about our language.

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May. 17, 2007 - real estate

Posted by michel
Viviparous Offer!there is a gaining of restful life,change your life existence,its Free & Clear Real Estate System.Apply with confidence!
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Aug. 29, 2007 - re: You Want What??????

Posted by forsalebyowner
If you really want to repair or replace something in your house that works before selling the house, first think about money. If it's cheaper and after you'll get more money because of negotiating with a rich customer, do it! In my opinion, you can also try to take part in an auction, if lots of people wish to own your house :)
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Here you will find thoughts, opinions, rantings, ravings, news, views and other things I think you may find useful. I will publicly answer questions here, so that many may benefit from the curiosity of my visitors, community created content if you will. I am trying to attract "experts" in various fields to comment on different topics of interest, we will see.

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