Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties)

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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

A seller will walk away on principle or because they are just plain worn out. Keeping them in the game is what I try to do and point out what the stategy would be if they don't close. It is very costly to them and the buyers..

Jan 24, 2015 01:06 AM
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Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

I find that when you push back and force the issue onto the parties to the transaction, they work it out.  

Jan 23, 2015 10:10 PM
Rainmaker
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Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I've not done so. I've had the seller's agent ask me to do so and I've found that when I said no, magically they made it happen from their own end.

Jan 23, 2015 09:45 PM
Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

It depends how the damage happened, The seller is responsible to maintain the home until closing. Most times reading that clause of the P and S will get the seller to do it. If the buyer or seller will not pay, i will call their bluff before considering to do it. 

Jan 23, 2015 09:12 PM
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Denise Delozier, Realtor, CNE
Reliant Realty ERA Powered - Nashville, TN
Nashville, Brentwood, Franklin & Middle Tennessee

If the repair issue is significant enough, then I may be doing a buyer a bigger favor by letting the transaction die at the table, even if it means we have to start all over.  That said, I have made some last minute concessions to hold a transaction together, too. Generosity seldom goes unrewarded, but you just can't let yourself slip from generous over to crazy.  Some people are eager to drive you there, if they find out you're willing to go!

Jan 23, 2015 02:10 PM
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

It really depends on the issue, the amount and who is really at fault that the issue wasn't brought to light right away.    I once talked with the other agent and we both agreed to just walk out.  We didn't get to the door and both parties were calling us back.

Jan 23, 2015 01:25 PM
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

My job is to negotiate through these issues, not to buy them.

Sep 14, 2019 11:20 PM
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Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

It depends. On what the contract says. And the amount involved.

May 22, 2017 05:27 AM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Debbie Reynolds  interesting that you asked this! 

This happened to me a while ago - and I worked with the lender (since buyer refused to take it from my compensation) on the difference which was not much.

Now the best part is --- I did write the post about it and that was my first featured post on ActiveRain!

Jan 24, 2015 12:33 PM
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

The cost was several hundred dollars and the home inspection had been signed off on. I will be writing a post about the outcome when I get the full details about the repair and cause. There was a lot of finger pointing.

Jan 24, 2015 12:13 PM
Rainmaker
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Jill Murty, Realtor - Orange County, CA
Sunset Properties, Powered by Movoto - Laguna Niguel, CA

I don't know if this is available in all states, but a home warranty can be purchased by the seller or agent for the listing period.  I believe the cost is somewhere around $1.50+/- a day.  I'd think if something breaks during escrow, the home warranty would cover it.

Jan 24, 2015 09:22 AM
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I would give a little if that was the only option.  Though, I've never run into a repair issue this late in a transaction.  Typically this will result in some sort of legal remedy.

Jan 24, 2015 08:51 AM
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

It certainly depends on the situation, the potential cost and whether both agents can agree  to make it work. Often by standing your ground the parties ultimately decide to move ahead rather than starting all over.

And at the very end there could be legal ramifications for one part of the other for not moving ahead once you are beyond the due diligence period. What does the contract say?

Jan 24, 2015 08:27 AM
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Sadly, this happens all of the time. Common sense is the factor to consider.

Jan 24, 2015 06:36 AM
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Debbie,

We certainly have had this happen at the very last moment...Sometimes both sides get weird and it is much easier to help the deal along with a bit of commission thrown in.  We have witnessed fights over $200 to $500, (people arguing principle)  and it is not worth our time not to do it.  A

Jan 24, 2015 03:20 AM
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Ron Marshall
Marshall Enterprises - Saint Michael, MN
Birdhouse Builder Extraordinaire

Chief Cook once bought a shed and some sod....but I don't think she would do it again.....I would shudder at this scenario, Debbie!

Jan 24, 2015 03:16 AM
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Angela & Stephen Hardiman / HouseTie.com
HouseTie.com - Spokane, WA
When first impressions count...

My heart always goes out to agents. You guys have one of the most emotional jobs.  

As a stager for so many years, I could only stand next to them, and cry over a glass of wine after the deal went south. Trying to get everyone on the same page with a high dollar amount when emotions are strong, agents deserves a lot more credit.

I've never understood why a seller is willing to walk away. To start over will most likely start with a price reduction to get the property going again. Sometimes it's just best to bite the bullet and move on.  After all, the buyer can find a new home tomorrow.

Knowing so many agents that have done just what you've asked Debbie. Agents don't deserve to take a bullet for gridlock, but I understand why they do. 

Jan 24, 2015 01:00 AM
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I am glad you asked this question. Most of the time sellers agree to credit or fix the item and an   amount is held in escrowtill it is fixed.

Jan 23, 2015 08:52 PM
Rainmaker
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Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

It depends...and only if the other agent is also willing to keep the deal going!

Jan 23, 2015 07:42 PM
Rainmaker
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Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

First go bacck to what Lenn Harley always says. " What does the contract say"? I don't know why some people turn into big cry babies at settlement. My answer would be " It depends".

Jan 23, 2015 07:05 PM
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Well that depends on the issue. Most repair issues are taken care of in my state after inspection and after appraisal. An issue would have to come up with the final walk thru for me to want to concede anything on my client's behalf or my behalf. 

Jan 23, 2015 03:47 PM
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Teresa Fuqua
Worth Clark Realty - Chesterfield, MO
"Let My R E Experience Be Your R E Advantage"

I believe it depends on the cost of the repair and you should always ask the cooperating agent to give as well if that is your resolution to getting the transaction closed.

That's why you should always do your final walk throughs at least four day prior to closing.

Jan 23, 2015 01:47 PM
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Shannon Uhr
d + b Real Estate - McKinney, TX
part of The Anderson Team at D+B Real Estate

Yes, exactly what Sybil said. I had to do this on my very first deal! Not fun, but worth it. That particular client has referred 2 leads to me because they felt I went above and beyond.

Jan 23, 2015 01:22 PM
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I don't like feeling cornered but then I don't want to start over at the beginning with the client.

Jan 23, 2015 01:14 PM
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Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

It depends on how expensive the repair is, but I probably would pay for it if it was not substantial.  Many REALTORS have had to do this at some point.

Jan 23, 2015 01:12 PM