It’s a tough world out there, real-estate wise. I know that you home buyers are beaten and bruised
and just may not care about the other party’s emotions. And I know there are a lot of nutty sellers
(and buyers). However, it’s always a good idea to keep your transaction going
as smoothly as possible – good will goes a very long way in Southern California
real estate. Here are some don’ts for buyers:
- Don’t make disparaging remarks about the
house or neighborhood when the sellers are present. All sellers, even flippers, want to start home sale transactions on a positive note. Being a
hater gets you nowhere.
- - Don’t make a purchase offer that is way lower
than it should be for the comps or condition.
No matter how adorable the home sellers think you are, they don’t love you so much that they are willing to lose
money. Yes, there are unrealistic sellers who have priced their home too high. And
of course you don’t want to overpay for your property. But don’t get crazy low
on the price if you want a response. Your Realtor can guide you to making an
offer and counter offer with a realistic chance of being negotiated.
- - Don’t miss contractual dates. Performing the purchase contract’s tasks (yes, there are things you need to do after the agreement) by the
agreed-on dates should not be a problem for a serious buyer. Missing those dates makes you look flaky and
can even get you kicked out of escrow. If you truly need an extension of time (for an
appraisal, for example), your Realtor can request one in writing.
- - Don’t ask for silly stuff after your home inspection. If the seller knows that you
plan to do a $50k home remodel, don’t ask for $500 for “miscellaneous." That just
looks greedy. Also, please know that just because a
property element or system is at the end of its useful life, that doesn’t
necessarily mean it’s going to immediately fail the minute you take possession. Unless something is really broken, or is a
safety hazard, keep in mind that you’ve agreed to take the property “as is” per
the contract. Also, your home warranty
policy will help with repairs for your first year.
In great transactions, the seller gets almost everything they want, and the buyer gets almost everything they want. Almost is the key word. Smooth sailing, buyers and sellers.
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ReplyDeleteThanks for sharing good information. David Lindahl
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