'Completely Rebuilt' - what does it imply if posted in the flyer of a home or, real estate websites...

Asked by Dreams, Fremont, CA Sat Mar 29, 2014

'Completely Rebuilt' - what does it imply if posted in the flyer of a home or, real estate websites which is up for sale. Can we write this even if only few things were changed like carpet, flooring, appliances.

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6
Scott Godzyk, Agent, Manchester, NH
Sun Mar 30, 2014
There is no mandatory meaning, it is like the term nearly new. Do not get stuck on the words and look what they did and the quality of the work. Make an offer based on its value with the repairs made, not on the words they advertise it as.
0 votes
Annette Law…, Agent, Palm Harbor, FL
Sun Mar 30, 2014
In means nothing!
Since there is NO STANDARD for such a description, you need to understand it means NOTHING.
I read, HUGE bedrooms all the time. What does it mean? It means the real estate agent is mentally exhausted and chose to insert meaningless fluff.

The SOLE, the ONLY, the ENTIRE purpose of words used in marketing is to create EXPECTATION!
What do you expect to see when you read 'Completely Rebuilt?"
It truly makes you want to go see...right?
Mission accomplished in regards to the MARKETING.
It is in the foggy cloud of buyer expectation where the discount occurs.

The writer may mean all the surfaces you see is fresh, refurbished, maybe new..
The reality is,....it means NOTHING but is purposed to create the sizzle.

Clearly you will be allowed the opportunity to visit the house and observe and insect. That is what you are entitled to do. Further, in nearly every piece of official (MLS Based) information you received contained a sentience that states, "The information contained is believed to be true and accurate but the buyer should confirm all things of material value."

Is REBUILT a blatant deception? That will require your attorney to establish and prove. Many of the resources you use today, such as Trulia and Zillow, are built on blatant deception of the public, yet here we are.

What did you think you were doing when you made a purchase offer with "NO CONVENIENCES"?
NO CONTINGENCIES means when the seller says yes, you own it.

NO CONTINGENCIES means you understood the need, and completed your homework and found everything acceptable. Where did the break the rules?

It would be helpful to understand the guidance provided by your REALTOR.
It would be helpful to understand the situation of the sale.
It would be helpful to understand the method of the sale.
It would be more helpful to you to turn this question towards the REALTOR you hired to represent you. HE/SHE knows everything that has taken place and is the only one with all the facts. After all, it is their role to provide you guidance to keep you from making decisions that are harmful to you. Did you follow the direction provided?

Best of success in buying your new home.
0 votes
Lubna Sheikh, Agent, Fremont, CA
Sat Mar 29, 2014
The word used is completely REBUILT....seems like it was demolished and rebuilt..If
not you should be able to get your deposit back on that basis.
Lubna
510 882 6729
0 votes
Dreams, Home Buyer, Fremont, CA
Sat Mar 29, 2014
@Alex Greer..well I m the buyer and this is happening with us. But problem is we waived contingencies and now if bak out ... We loose good money but we were misguided by this 'completely rebuilt' ad of the house :(
0 votes
Ah so the issue is that you waived contingencies before having a good inspections. Completely rebuild can mean so many thing. Don't know what to tell you now. Send me an email I might have a way out. Just send me an email if you have any further questions.

Alex Greer
Loan Officer
NMLS #1056079

http://www.TheMortgageOutlet.com
408-352-5147
AGreer@TheMortgageOutlet.com
Flag Sun Mar 30, 2014
Alexander Gr…, Agent, San Jose, CA
Sat Mar 29, 2014
You can say whatever you want but when a Buyer finds out it is not true that doesn't bode well for you. Just send me an email if you have any further questions.

Alex Greer
Loan Officer
NMLS #1056079

http://www.TheMortgageOutlet.com
408-352-5147
AGreer@TheMortgageOutlet.com
0 votes
Byron Hebert, Agent, Ormond Beach, FL
Sat Mar 29, 2014
Common sense should be able to answer this question, look at it from the buyers prospective. Let say you are looking for a home and only considering totally renovated properties. How would you feel if you went to a home that claimed it was "totally renovated" only to find out it had the same 1970s kitchen and bathrooms with a fresh coat of paint new appliances and new carpet? Would you consider this a totally renovated house? Or would you feel like you got the bait and switch. While there is no exact definition to "totally renovated" most buyers would expect this home to look new in all aspects. New kitchen, new bathrooms, new doors, updated styling to match new homes being built, new flooring, possibly new windows depending on age, exterior paint and so on. A totally renovated home should appear as if it was a new home. Hope this helps, honestly is the best policy when advertising real estate.
Web Reference:  http://www.jbyronrealtor.com
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