All this plays into the decision...which is the clients decision. Can't say that too much...Moving forward or withdrawing...both are the clients decision, not the REALTOR.
Joan Wilson (Realtor, SRES, Ecobroker, Certified REO, HAFA, and Short Sale Specialist)
Pacific Sotheby's International Realty
Call or Text: 760-757-3468 An exceptional home is simply a frame for an exceptional life
CA DRE License # 01341483
Chad Basinger, REALTORÂ®, CPA, CFPÂ®
It is important for a realtor to always instill confidence in their clients to do that they must be experienced and knowledgable in the profession. When inspection problems arise it can be stressful for both the buyer and seller. They usually have money invested at this point and want to close the transaction. As a buyers agent I would advise my client to get a specialized inspection depending on the problem then have an estimate for work costs prepared following this submit a request for repairs and follow up with the listing agent. On the other hand as a listing agent the seller needs to consider the cost of repair in respect to the purchase price and his net from the sale. The market were in now is showing multiple offers on a property and significantly over list price so maybe they have room in their budget to cover the repairs or even negotiate a split and/or credit. If not this buyer who is to say the next wont walk? A compromise that makes both parties happy is possible with the right agent and skill.
Marcie Sands, REALTOR
Simply The Best Real Estate Co., Inc.
1. Is the major issue repairable or not?
2. The type of transaction determines what realistic paths exist. REO,Short Sale, etc
3. Is the client capable of taking on the issue.
Bottom line is that you should never advise a client to proceed with something they cannot feel 100% comfortable with but at the same time, problems create opportunities.