Skip to main content

Selling my home, did I say too much? CA

Talked to a realtor on a whim today and essentially told them all the problems with this older house, in an effort to figure out if I should spend the time and money to fix, or just list and have the buyer discover the problems, particularly as we are rapidly coming into the fall/winter season that's not optimal for selling.

Problems include plumbing, electrical, sticky doors and windows, some missing base boards, rusting around the drains in the bath, a needed new bath exhaust, paint touch ups. They're not things that cause the house to be inhabitable... Just things that should be fixed and/or at least be aware of while living in the home. These were not things that were disclosed immediately buy the sellers when I purchased, and honestly only the potential electrical issue was discovered in my pre-purchase home inspection.

The realtor gave me the impression that as long as there's nothing wrong with the roof (new) and no known pests (report came back clean when I purchased 3 years ago), then it should be ok to list and see what happens.

Are they legally required to disclose these problems I've told them in the listing now? Or should I have kept my mouth shut and have them discover when they walk through for the first time?

Alternatively, should I have gotten everything fixed before even talking to a realtor?

Bonus: I should definitely check with different realtors (and not immediately tell them these problems)?

submitted by /u/pheobywatson
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/cwx73a/selling_my_home_did_i_say_too_much_ca/
Labels:

Comments

Post a Comment

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...
1 comment
Read more

Co-signing as non-primary resident - effect on size of required downpayment & first time home buyer status?

Contemplating co-signing on a house with my mom and splitting the mortgage payment. I currently have a significantly higher income and much better credit than her. I'm looking at potential home costs and related downpayments but have difficulty using some of the online estimators. From my perspective, this would be somewhat of an investment purchase (I intend to stay in my current location in a different state and contribute to the mortgage), however, for my mom, this would be a primary residence. For purposes of the downpayment size and the type of mortgage arrangement, would it be an investment property or a primary residence? Many thanks for any help. submitted by /u/piercalicious [link] [comments] source https://www.reddit.com/r/RealEstate/comments/km4hvl/cosigning_as_nonprimary_resident_effect_on_size/
Post a Comment
Read more

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/
Post a Comment
Read more