Tamar1331, Home Buyer in Baltimore, MD

Placed a bid on a home and the listing agent said he did not have a disclosure and then when contracts were drawn up he all the sudden has a H.I.....

Asked by Tamar1331, Baltimore, MD Wed Apr 24, 2013

The listing agent also tried to slide in "as is" in the contract when we agreed it wasn't going to be as is .

The inspection has so huge things... Oil line cut, mold, roof leaf, plumbing leaks... List continues...

(We do know going in would be some problems, but not this big)

What should we do after the listing agent tried to screw us? Walk away or re-negotiate?

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Answers

6
Sounds like a "foreclosure..."

If the home has appeal to you, I like the tact of attempting to negotiate the price down prior to the decision to walk. But having a "realistic" number in mind that includes the necessary repairs would be very helpful.

On the other hand, if this is too overwhelming, now may be the time to pull the plug!

Bill
0 votes Thank Flag Link Thu Apr 25, 2013
Are you not being represented by a buyers agent? This unfortunately is what happens when buyers call up the listing agent directly. Unfortunately not all agents act in this manner but there are a handful who do not have the buyers best interest at heart. You may want to re-negotiate however with a buyers agent.

Best of Luck;


Christina Solorzano
CEO & SR Credit Repair Specialist at
Everlasting Credit Repair
http://www.everlastingcredit.com
0 votes Thank Flag Link Thu Apr 25, 2013
I think you have captured your options very well - renegotiate or walk away. As prior poster suggested, if an attorney is involved, this should fall squarely in his/her court.

Good luck and best,
Jeanne Feenick
Unwavering Commitment to Service, Unsurpassed Results
0 votes Thank Flag Link Thu Apr 25, 2013
Are you represented by an attorney? Once the contract is negotiated it should be in your attorney's hands, however, if "as is" was not negotiated, it shouldn't be in the contract. You never have as much power as when you are willing to walk away from a transaction. It sounds as if the seller is not going to be willing to do any repairs, even structural or mold. Is the deal really that good? It's going to cost you for an inspection and attorney and sounds as if you had your inspectiion before the contract was even signed? If so, there's nothing to lose by negotiating but your attorney should be doing this. If you are not represented by an attorney, why not? Bottom line is, there has to be true value for you to stay the course with this. Good luck!
Leni
0 votes Thank Flag Link Thu Apr 25, 2013
Well that's something you guys need to give some thought to. If you feel that the house is worth it even with all the damages, and you think it's a deal you won't find out there, then make sure all the terms are on contract accordingly. If your current attorney is someone who was recommended by the Realtor, consider firing him and hiring one who does not have an affiliation with this Realtor.

If you're not that convinced about the deal all together, simply cut any ties with these people and find reliable and honest real estate professionals to work with. Unfortunately, sometimes people in this business do the wrong thing.

Good luck!

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Javier Meneses
Senior Loan Officer
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STERLING NATIONAL BANK
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0 votes Thank Flag Link Wed Apr 24, 2013
Do you want the house?
At any cost?

If you do; negotiate!
If you don't; file a complaint!
0 votes Thank Flag Link Wed Apr 24, 2013
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