Have you ever had a home that really needed either upgrading or a repair that the seller refused to do?

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Rainmaker
778,856

The Woodland Team of Texas

The Woodland Companies - Austin, TX

Land Specialists

We invest in these homes all the time.

Dec 17, 2018 10:29 PM

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1

Bob Crane

Stevens Point, WI

Rainmaker
398,456

Jill Murty, Realtor - Orange County, CA

Movoto - Laguna Niguel, CA

Yep. Absolutely. It is not an issue if the seller understands they're not going to get the fixed up price for their fixer property.

Aug 31, 2015 05:17 AM

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1

Cindy Davis

San Diego, CA

Ambassador
5,957,261

Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

Yes, all the time.

Jun 22, 2018 10:19 PM

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Ambassador
1,616,860

Harry F. D'Elia III

Avant Garde Residential Management Services - Phoenix, AZ

Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Yes we do come across these sellers.

Sep 11, 2016 12:38 AM

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Rainmaker
3,071,039

Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Haven Express @ Keller Williams Arizona Realty

I've seen them - but not listed them!

Sep 04, 2016 10:15 PM

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Rainer
26,764

Beatrice Briseno

RE/MAX Unlimited - San Antonio, TX

Beatrice M. Briseno, GRI, CDPE, San Antonio, TX

Yes right now!! I had a listing on a smaller starter home with a nice curb appeal, 3 small bedrooms with central air and heat. Priced to sell at under $90,000. Offer came in within 2 days for well qualified first time buyers. They had the home inspected and the report came back with major electrical problems...... My clients gave me the old "we are selling it as is" answer and refused to work with the young clients. I told my clients that since they sent us the report we would now have to dislcose the inspection and future offers would probably reflect the needed repairs etc... My clients shrugged their shoulders and would not budge one cent on price or concessions. We gave the buyers agent a couple of extra days to decide to terminate or move forward...............................Buyers chose to move forward!!

Sep 01, 2015 05:44 AM

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Rainmaker
115,420

Jeanne Feenick

NextHome Premier - Basking Ridge, NJ

The Agent you choose REALLY does make a difference

You bet - and yes, a discussion of market reaction/response to homes with and without improvements is in order - price, time to sell, all impacted.

Aug 31, 2015 11:29 PM

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Rainmaker
2,759,687

TeamCHI - Complete Home Inspections, Inc.

Complete Home Inspections, Inc. - Brentwood, TN

Home Inspectons - Nashville, TN area - 615.661.029

Good Tuesday morning Dale. I have inspected some that needed a bulldozer - LOL

Aug 31, 2015 06:38 PM

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3,113,112

Tammy Lankford,

Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA

Broker GA Lake Sinclair/Eatonton/Milledgeville

I've had sellers who couldn't afford to do anything. I had a LOT of it with short sales over the last few years.

Aug 31, 2015 01:09 PM

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Rainmaker
212,705

Stefan Winter

Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV

Owner - Winter Group & Real Estate Web Tech

Yes, happens all the time.

Aug 31, 2015 12:48 PM

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Rainmaker
2,442,675

Evelyn Johnston

Friends & Neighbors Real Estate - Elkhart, IN

The People You Know, Like and Trust!

Yes.

Aug 31, 2015 12:20 PM

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Rainmaker
951,163

Troy Erickson AZ Realtor (602) 295-6807

HomeSmart - Chandler, AZ

Your Chandler, Ahwatukee, and East Valley Realtor

Dale - Yes, of course I have had a home that needed upgrading or a repair that the seller refused to do. At that point, I let them know they will not get top dollar, and will eliminate some potential buyers who may not want to purchase a home that needs repairs. Also, depending on the necessary repairs, it may eliminate any buyers that are getting FHA lending.

Aug 31, 2015 11:12 AM

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Rainmaker
699,177

Chris and Dick Dovorany

Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL

Broker/Associate at Premiere Plus Realty

Of course, you lightly remove $xx from the listing price because of....

Aug 31, 2015 10:15 AM

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Rainmaker
5,543,670

Joan Cox

House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO

Denver Real Estate - Selling One Home at a Time

Yes, sometimes the seller did not have the money, or in this multiple offer time, they may not have to fix.

Aug 31, 2015 08:22 AM

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Rainmaker
443,009

Cindy Davis

SD Home Source Realty - San Diego, CA

More than once.

Aug 31, 2015 06:16 AM

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Rainmaker
1,466,057

Michael Setunsky

Woodbridge, VA

Your Commercial Real Estate Link to Northern VA

Dale Erwin Sure, for various reasons they might not want to upgrade or make a repair.

Aug 31, 2015 05:15 AM

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Rainmaker
4,799,925

Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

Way too many times. They just need to understand that they will lose some potential money in the sale because of it.

Aug 31, 2015 05:14 AM

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Rainmaker
1,472,478

Raymond E. Camp

Ontario, NY

Licensed Real Estate Salesperson Greater Rochester

As Roy Kelley says REO's, estates and a few others; eventually if in the business long enough we all do.

Aug 31, 2015 04:54 AM

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Rainmaker
7,296,474

Roy Kelley

Retired - Gaithersburg, MD

This happens all of the time with REO properties and frequently in estate or divorce situations.

Aug 31, 2015 04:35 AM

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Yep. Absolutely. It is not an issue if the seller understands they're not going to get the fixed up price for their fixer property.
Yes right now!! I had a listing on a smaller starter home with a nice curb appeal, 3 small bedrooms with central air and heat. Priced to sell at under $90,000. Offer came in within 2 days for well qualified first time buyers. They had the home inspected and the report came back with major electrical problems...... My clients gave me the old "we are selling it as is" answer and refused to work with the young clients. I told my clients that since they sent us the report we would now have to dislcose the inspection and future offers would probably reflect the needed repairs etc... My clients shrugged their shoulders and would not budge one cent on price or concessions. We gave the buyers agent a couple of extra days to decide to terminate or move forward...............................Buyers chose to move forward!!
You bet - and yes, a discussion of market reaction/response to homes with and without improvements is in order - price, time to sell, all impacted.
Good Tuesday morning Dale. I have inspected some that needed a bulldozer - LOL
I've had sellers who couldn't afford to do anything. I had a LOT of it with short sales over the last few years.
Dale - Yes, of course I have had a home that needed upgrading or a repair that the seller refused to do. At that point, I let them know they will not get top dollar, and will eliminate some potential buyers who may not want to purchase a home that needs repairs. Also, depending on the necessary repairs, it may eliminate any buyers that are getting FHA lending.
Of course, you lightly remove $xx from the listing price because of....
Yes, sometimes the seller did not have the money, or in this multiple offer time, they may not have to fix.
Dale Erwin Sure, for various reasons they might not want to upgrade or make a repair.
Way too many times. They just need to understand that they will lose some potential money in the sale because of it.
As Roy Kelley says REO's, estates and a few others; eventually if in the business long enough we all do.
This happens all of the time with REO properties and frequently in estate or divorce situations.