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Feb 23, 2021
4:12:47pm
Cordell Starter
Hopping on the real estate transaction frustrations. We’re closing on our first
home on Thursday. I don’t really have many frustrations with our agent—she and her group have done a great job of assisting us through the process.

However, the inspection negotiation process was a surprise to me. We received a rather lengthy list of repairs that obviously the seller wouldn’t be able to address the full extent of. I expected we’d be able to leverage the full list of issues to negotiate for what we really wanted done.

I learned that it’s a courtesy for the buying agent to not surface the full list of issues because then the seller is obligated to disclose those issues going forward. I understand how this benefits the agents and the seller, but obviously the buyer gets the short end of the stick here. I didn’t make an issue of it because I understand that it’s an industry practice.

Is there any good reason why surfacing a full inspection report shouldn’t be the industry practice?

I’m not in Utah, but I’m a fan of Homie and the potential improvements it can bring to the industry. I wonder how they are addressing this portion of the process in a more automated fashion. I’m hoping their solution will lead to more transparency, but I can see how that would deter folks from selling on their platform.
Cordell
Previous username
CordizzleCoug87
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Cordell
Joined
Dec 22, 2006
Last login
Nov 29, 2023
Total posts
1,505 (1 FO)
Related Threads Topic: Man realtors are the worst! (Jersey hunter, Feb 23, 2021 at 3:44pm)

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Do people really think paying $36,000 to sell a $600k home in this market costs (RdF3, Feb 23, 2021 at 6:41pm)
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