All Forum Posts by: Lydia S.

@Matt Littlepage

Wow, that’s pretty shocking that they’re taking so long.  Is there anything delaying writing an offer such as waiting for your Lender letter or proof of funds?  
Are your offer prices reasonable?  

Did you call them to discuss offer details like the amount of earnest money, who’s paying which closing costs, appraisal, inspection timelines, closing date and so forth, or just email them?

Maybe you tried using someone who’s too busy rather than someone who’s hungry for a transaction.

@Zachary D.

Your Realtor is correct, you cannot ask for a price reduction in lieu of repairs listed on the appraisal.  They must be completed in order for you to get the loan and close. 

@Zachary D.

If the appraisal had come in low, that’s when you would renegotiate on price.  You cannot just decide you want a price reduction for no reason.

The repairs called out by the appraiser will need to be completed and another visit from the appraiser will happen to confirm their completion.

Typically the seller performs those repairs.  It’s not your home yet so performing them yourself is a risk and potential liability, however if the seller refuses, it sometimes happens otherwise the deal is dead.

Has your Realtor sent over those repair conditions to the listing agent yet and has the seller agreed to perform?

@Joseph Pack Jr

It’s not your post that is self-promotion, but the responses might be☺️

@Zack Phoenix

1- depends on your MLS rules. We cannot advertise the pending property when representing the buyers unless we have permission from the listing agent. After closing there's no issue. And yes, plenty of Realtors don't read their MLS rules.

2- Ethics.  That may be construed as an ethics violation.  Read them.  And take your required Ethics class as soon as possible😉

@Tralecia K Young

If there were things that the appraiser said needed to be fixed, the appraiser will be making another visit to the property to assess those items before closing anyways. This means they will see the roof.

The appraiser will then make that a condition of repair to be fixed before closing as well, so either the seller will have to fix it or you won’t get the loan.

@Steph Paul

When you say ‘the Realtor in this deal’, I am forced to assume you are working with the listing agent?

My recommendation is to get your own representation, essentially since you state you’re a newbie.

@Ellie T.

I’m curious as to what a sinkhole home is.  Not a term I’m familiar with.  Thanks!

@Henry Peñate

All of those conversations, except a rental contract, are something you need to have with your Lender.

@Faith Roberts

As covid restrictions lift, Brokerages will start more in-house education and meetings.  

Contact several Brokers and see if you can do a staging presentation at a meeting or do an entire class.

Building relationships by meeting in person is always stronger in my opinion.