238 views

Maria Antoinette Scognamiglio

"Long Name...Amazing Results!"
Specialties:
I specialize in marketing residential real estate, with a strong focus on lakefront property. Homeowners who have suffered a disappointing experience in ... show more
Certifications
& Awards:
GRI (Graduate, Realtor Institute)
ePro
... show more
About:
My market territories are Morris County, along with select areas of Sussex and Northern Bergen County, New Jersey. I specialize in marketing lakefront ... show more
Testimonials:
"Antoinette,
Thank you so much for selling our house in Sparta for such a high price during this terrible housing market crunch. You are to be
... show more
Maria Antoinette Scognamiglio answered:
I'm going to cut to the chase and say what no one else really wants to. ESPECIALLY as a first time homebuyer and ESPECIALLY dealing directly with a homeowner, you're potentially setting yourself up for failure and a good amount of money thrown to the wind.

If you're not represented by a real estate agent, how do you know this home is being offered at a market value price? Who is running comps for you? The homeowner? They don't have access to the same complete information as any experienced agent in your area. Also, the homeowner will not be able to make the same indepth comparisons that an agent who works that territory can.

If this homeowner has not completed a seller's disclosure (typically provided by the listing agent), you will not have an opportunity to judge the age of the home's operating systems or get sufficient warning of the home's potential issues. Of course a home inspection will reveal most if not all issues, but seller disclosure forms are helpful in giving the buyer an idea if the home is indeed something they want to pursue or not. Do you really want to pay $500+ for a home inspection when you could have had a buyer agent's guidance in having the seller fill out the disclosure and then reviewing the contents of the form?

This situation is a great example of the blind leading the blind. Get a real estate attorney. Get references from people you know.

Fred's response is excellent and indicates the vast issues and challenges that could be relevant to this property. You should have the homeowner address each of these points.

Good luck! - Mon Jul 6 2009, 13:34

Contact Maria Antoinette Sco...

Maria Antoinette Sco... is a member of Trulia Voices:

Get the inside scoop on your area and home buying and selling.
Ask and answer questions about real estate.
Build your profile and contact home buyers, sellers and agents.
Flag this profile Report this profile
 
Become a Trulia Voices VIP!
Here’s how:
  • Contribute Often
    It only takes 5 contributions per week to become a VIP!
  • Strive for Quality
    An answer earns you 4 points, but a Best Answer earns you 20 more. You know what to do!
  • Share your Content
    Blog views and comments earn you points as well. Find out how to make your posts popular on Trulia and take action!

Learn more about the Trulia Voices VIP Program.

Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback