All Forum Posts by: Grace Wang

Appreciate it, Derek!

I am a first time seller. We just had a guy from PestNow stopped by last week. The guy didn't see any termites inside the property but found them in the flower bed near main entrance. The estimate for termite treatment is $425 for basic service. Is this price reasonable? Has anyone tried this company? Our settlement is coming in two weeks. Should we just offer cash credit for the buyer to take care of this matter? Appreciate your recommenddations.

The buyer agent is a principal broker who wants every penny during the negotiations in the past several weeks. I am quite confident he knows his commission will be reduced.

My primary residence in northern VA is under contract now and the buyer's financing and appraisal contingency will expire by 9pm of 6/30/15. Our listing price was $499,900. On the existing contract, the selling price we both agreed was $499K with $10K closing assistance to buyer. However, the buyer agent suddenly came up with an addendum with a price change to $489,000 with $0 closing cost. The appraisor just stopped by on 6/25, but the addedum has already been signed by the buyer on 6/24. By looking at the numbers, the addendum should do seller good because we will pay less tax and commissions. However, my gut feeling told me the buyer might play tricks. Appreciate your wisdom for the below questions:

1. Does this addendum open the door for price re-negotiation?

2. Can we ask for a copy of appraisal before we accept this addendum? We don't know what the appraisal value will be, so we are afraid that the agreement to this price change addendum will put us in a unfavorable position in case the buyer comes back to negotiate down the price due to a lower appraisal value.

3. Do we have to respond to this addendum within 3 days?

2. Is there any potential trick or risk which we didn't anticipate if we accept this addendum?

Thank you!

I guess it is never too late to ask this question for future reference purpose. What is acceptable commision expectation for a buyer agent in northern VA now? I am paying 2.5% now.

Now, I have another question for future reference purpose. In case, if this transaction can not be finished due to any reasons, will we be able to change the buyer agent's commision when we re-list the property? Can we also ask to stay in the property when next inspection is conducted? Of course we don't hope to go this route, but just want to have an idea in mind in case this scenario hits. Thanks for feedback!

Yes, a life lesson learned. I also learned a lot from all your input. Appreciate it!

I can only pray to God that let the bad experience stop right here. Don't get worse! We were quite lucky because we went home just in time and our property didn't get burned. If the property was on fire due to the neglect from buyer side, who should take full responsibility?? 

Yes, I've documented the complaints in writing along with the pictures we took. Thank you all for the input.

Appreciate your input and wisdom if you've got similar unpleasant selling experience.

I am selling my primary residence and still live there now. An inspection was conducted by the buyer two days ago. We were required to leave the property during inspection. However, when we returned home after the inspection, we noticed the buyer/inspector/buyer agent did not shut down our gas fire place and wall oven before they all left. Additionally, the wood border in the kitchen was also removed from the original position and the nails on the wood may potentially hurt my two young kids. The buyer probably brought kids to our house and they left pop corn residuals on the floor, stairs and master bathroom.

We were so shocked, so we filed oral complaints right away. Surprisingly, we learned that the buyer's agent did not stay at our property during the entire inspection but left early due to his personal issue. Our property was left unattended when those people left. The agent was supposed to check the property and ensured safty. However, this is not the case.

Before we started to sell the property, I corresponded with my agent by email and agreed to pay 2.5% commission to the buyer agent. We've never signed any official legal documents about sales commisions. Now, we are wondering if there is a way to reduce the commision to buyer agent because we are not satisfied with his service at all. (The buyer made an offer to us right after the open house, so the buyer agent didn't really make too much effort.)

Any feedback or suggstions will be highly appreciated.

Thank you,

Grace