Anonymous
10/26/2011 15:00
Subject: the second phase of house buying negotiation
13:01 here, sorry, I wasn't trying to rush to judgment on your thoughts. I agree with you - finding the best person who can help across disciplines is a good idea.
Anonymous
10/26/2011 14:49
Subject: the second phase of house buying negotiation
Anonymous wrote:Not sure what the gripe here is - once you have decided to buy a home, and agreed on a price, you have an inspection to make sure the home is what it appears to be. If there are major issues, you have two choices - walk or try to quantify the costs associated with fixing the house and negotiate those from the price.
If you're suggesting that the inspection be used to re-trade for minor items (random outlet needs replaced, screw pops in drywall), that's not the point of the inspection, and an agent should not be encouraging a renegotiation over minor items. If you want to re-trade, that's of course your choice, but I wouldn't expect a seller to seriously negotiate.
If you're proceeding with a sale where there are major items, presumably you would gather estimates to repair, and would likely share those with the seller, in which case there still isn't much negotiation, only a question of whether the 2 parties accept.
I wasn't griping. I should have been more clear: WHen you choose an agent, find one who can negotiate both the purchase price and the home inspection items well.
Anonymous
10/26/2011 13:01
Subject: the second phase of house buying negotiation
Not sure what the gripe here is - once you have decided to buy a home, and agreed on a price, you have an inspection to make sure the home is what it appears to be. If there are major issues, you have two choices - walk or try to quantify the costs associated with fixing the house and negotiate those from the price.
If you're suggesting that the inspection be used to re-trade for minor items (random outlet needs replaced, screw pops in drywall), that's not the point of the inspection, and an agent should not be encouraging a renegotiation over minor items. If you want to re-trade, that's of course your choice, but I wouldn't expect a seller to seriously negotiate.
If you're proceeding with a sale where there are major items, presumably you would gather estimates to repair, and would likely share those with the seller, in which case there still isn't much negotiation, only a question of whether the 2 parties accept.
If you're suggesting that the inspection be used to re-trade for minor items (random outlet needs replaced, screw pops in drywall), that's not the point of the inspection, and an agent should not be encouraging a renegotiation over minor items. If you want to re-trade, that's of course your choice, but I wouldn't expect a seller to seriously negotiate.
If you're proceeding with a sale where there are major items, presumably you would gather estimates to repair, and would likely share those with the seller, in which case there still isn't much negotiation, only a question of whether the 2 parties accept.
Anonymous
10/26/2011 12:08
Subject: the second phase of house buying negotiation
PSA from someone who just bought and sold a house:
Be sure your agent isn't just someone who is good at negotiating the contract price. There's a second round of negotiation that's arguably more intense than finding a price: The home inspection.
A lot of people don't think about that, especially first-time homebuyers or even people who bought in the early aughts when it was customary to waive the inspection.
Be sure your agent isn't just someone who is good at negotiating the contract price. There's a second round of negotiation that's arguably more intense than finding a price: The home inspection.
A lot of people don't think about that, especially first-time homebuyers or even people who bought in the early aughts when it was customary to waive the inspection.