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Reply to "Allowing Buyer Access To Your Home Before Closing"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If you own an older home there is new scam some of the buyers agents in Arlington are now pulling. Put a strong offer in with no contingency- inspection for information only. Then they ask to have an additional inspection of the fire place. The fire place guy is in on the scam and scares the crap out of the buyer ( often a younger family). He’ll tell them that the chimney isn’t up to code and must be replaced. It will sound like that home could burn at any moment, and they send the agent back to the seller asking for money back... often to the tune of 20- 30k Of course the chimney won’t be up to current code. The house was built fifty years ago. Most buyers are ignorant to homes and the maintenance involved. It’s a scheme to give the buyer some leverage after the fact and bargaining in bad faith. Do not let a buyer back in after inspection. It’s a liability to the seller and no good can come of it.[/quote] I don’t understand who benefits from this “scam.” [/quote] The buyers. How are you understanding this? It’s a hot market and they know they need to come in strong to win the house. Part of their offer is “no contingencies”. Then they try and come back and renegotiate after the fact. It’s bad faith.[/quote] Okay but for that to be the scam, the buyers have to be in on it. They can't be a younger family ignorant to homes and the maintenance involved. [/quote]
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