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My Consistent Pursuit

Monthly Archives: July 2010

That’s What Your Contract Says

25 Sunday Jul 2010

Posted by JoannaGWilliams in Home Buyer Advice, Home Seller Advice, Random Thoughts

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The current housing market has created an interesting problem. Sellers are feeling like they’re “giving” their house away, and buyers feel like they’re doing the sellers a favor by taking it off their hands.

Problem is, both parties are a bit disgruntled with each other. Sometimes, when a seller is moving out, they may accidentally damage something. Let’s say, they put a little hole in the wall or spill something on the carpet. Usually, by the time something like this happens the buyer has already done a final walk-through on the property and everything looked fine. So, the sellers move out, leave the damage; then the buyers move in and find it. Who’s the first person they call and scream at?? Their agent.

It’s not your real estate agent’s fault this has happened. It’s the seller’s fault for not bringing it to anyone’s attention and/or repairing it. You see, the contract says that the seller will deliver the home to the buyer in the same condition it was whenever the contract was written. If the home was damaged by a tornado or fire, the buyer would either have the right to cancel or the right to the insurance money for the repairs.

Now, I’ve been preaching this to the agents in our office since we’ve had many issues with this lately. Every seller out there needs to read and understand that paragraph in our contracts. Ultimately, the agent cannot really do anything after the sale has closed. We can offer to put the two parties in contact with each other, or even act as a mediator for a face-to-face meeting with the sellers and the buyers. But, we are not the ‘judge and jury’ enforcers of the contract. If there’s a serious problem with the property after closing, your only option may be small claims court.

Either way, please know that your agent isn’t leaving you high and dry in this situation, it’s that we can only legally offer so much.

Disclaimer: We sell real estate in Missouri and Kansas. Laws and contracts will vary from state to state.

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JoannaGWilliams

JoannaGWilliams

Joanna jumped into the real estate business in 2000 and never looked back. A glance through her resume would have anyone confused because she’s actually never left the company with which she started. Change in the market and changes in ownership and locations have filled her 13 years in the real estate world. Change is a scary word for some, but Joanna has embraced it with courage and made the decision to not only survive, but to thrive. To break it down Prudential Snook was sold to Prudential Carter-Duffey in 2006, which was sold to Prudential Kansas City in 2009, which then rebranded themselves with a new franchise (Better Homes and Gardens Real Estate) in late 2012. Her personal motto is ‘Consistent Pursuit of Improvement’, which is clear in her dedication to her company, people and local real estate association.

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