All Forum Posts by: Patrick Connell

Generally, yes.

BUT, you may be required to re-file it once you take possession. Municipality specific.

Either way, keep your nose out of it, this is a responsibility of the current owner and you should be hands off. My opinion, the seller is stupid to try and evict someone in the middle of a transaction.

That makes a ton more sense; PM or HM.

This IS a place to get help, but I'm not a kid-glove, or sugar-coating kind of guy.

The points raised and information I relayed are all legitimate points, which will be helpful to you.

@Lee S.

First, why can't you get financing on it, just because of a pest report? Second, why would you take it to a lender if it's not lendable? Private money OK, but going to a lender on something that won't pass appraisal criteria is a waste of everyone's time.

If it's a cash only MLS property, any have decent agent will require you to submit proof of funds with your offer. They aren't going to let you go under contract and then find financing.

Ross Bernard you should read my post about the source of said part and how it may or may not be the same. I can't tell who's a contractor and who isn't, I'm on mobile, but if they are telling you how it is then you should listen. EVERYONE is in business to make money, but this is NO different than you raising rents on your units just because you can, vs. needs to. Do you charge market rent or do you charge just what you need to cover your baseline? NO ONE faults you for going the least expensive route, that's smart business. What almost everyone is faulting you for is pulling a jerk move by calling this guy a liar, leaving a crap review, and not paying him just because he didn't ask. Compensate him for his time, remove the review, and you'd be golden.

Appraisers also don't have the same kind of access to properties that agents do. Sure, they can pop a LB, but if I had an appraiser pop a LB on one of my listings that wasn't under contract, there'd be an *** chewing and a call to the Board and licensing folks. Appraisers are great, but valuation is only one small part of REI. As an agent, you'd have a chance to garner a broader set of skills that will apply to your REI.

This post is riddled with ignorance.... First, and previously mentioned, trades work with warehouses that provide them just about everything they need for any job.They aren't going online for every job to find the cheapest deal on Amazon, eBay, etc. So, you keep saying his costs for the part is $385, but you have ZERO evidence to back that statement up. His supplier may charge $450-500. Second, he is reselling a part to you and is free to charge you whatever he wants for it. Saying the part costs $700 is what he is willing to sell it to you for, you can accept or decline. This, however, doesn't make him a liar. Finally, and as mentioned several times already, the fact that you think it's acceptable to abuse his integrity, experience, and knowledge by taking his diagnostic and doing the job yourself, without compensation for him, shows how much integrity and respect you lack. Someone asked if you paid him and your response was you would have if he asked. A person with respect and integrity would mail his *** a $250-300 check without prompting and a nice card to say thank you. P.S. The shady review is a whole other subject.

CA requires you to report natural occurring deaths in a home for 3 years???!!!!!!

Here in Texas, unless it was a murder, or resulted from something having to do with the property, I wouldn't say anything.

So, I see a few things working here and I'll talk in generalities since every state is different.

First, it is your Seller's decision about what they want to do with the EM. Not yours, not your Brokers, or the Title Companies; your seller is going to have to hire an attorney and fight for that $2k if they want it. Second, if your Broker is advising you to advise your Seller to let it go, then you need to get your butt on the phone and advise the Seller EXACTLY how your broker told you to; more than likely their agreement is with the Broker and not you and the Broker is responsible for your activities. Finally, as far as I know, title companies in almost every state are regulated by that states department of insurance; if they cut a check without all parties signing off on it, file a complaint with that department and they will investigate.

Now my personal opinion, there is something missing here. A cash buyer is smart enough to know how contracts work and to maneuver within them, I agree a ZERO contingency contract is rare. You and your seller appear to be wanting EM based on principal and not actual damages, which you will lose in a court room regardless of what the contract says. Cut your losses, get it back on the market, and move on. Your seller will spend more than the amount of the EM just fighting to get it.

The biggest issue with a PT agent is that they don't eat, live, and breath RE, usually. It's those people that do that will be able to help you the most, not because they're always available to show you properties, but because they know the in's and out's and tricks better.

@Arthur Banks, my post wasn't entirely directed at you but some of the other replies as well; no hard feelings, I'm not that good at being tactful online.

Like any industry, there are those who aren't very good and very passive. But by and large, most full-time agents earn their keep. What's important to know is what you don't know....and I guess that's where you're at, trying to figure it out.

I refuse to work with family and close friends, with the exception of clients that have become close friends. There may be an issue there, but only you can decide that.