By Living Room Realty, November 27, 2019
Agents and Buyers perk up…..
We currently have a house listed in North Portland that needs about $100,000 in work. The home is cute on the outside, good location, nice curb appeal, etc.. On the outside, it looks might it just need a new roof and some new paint. But on the inside it’s a train wreck. It needs EVERY SYSTEM replaced. Plus, it has a leaking underground oil taken and busted sewer line. We marketed the house stating all of that – train-wreck-house – beware.
Here is my pet peeve. We marketed this house “AS-IS” – meaning the seller is not to do any repairs. I even wrote the following in the private RMLS remarks: “House is AS-IS (for real). Needs MORE then elbow grease. Please see attached addendum for list of known repairs w/numbers. Do NOT write an offer if you plan on asking for something. If so, this is not your house – move on.”
Today we received an addendum asking for $13,000 in credits from the buyer’s agent. The buyer’s agent stated to my partner over the phone – “We’ll you do know that AS-IS is really never AS-IS?. We all know that no one abides by that. Come on… this is real estate.” ———– (ummm… that’s the attitude that leaves a bad taste in one’s mouth.)
Here’s the deal. We believe in integrity. Our words hold weight. All you have in life is your WORD, so make it count. If you don’t make your word mean something then people will never trust you.
If I write or say something is “AS-IS” then that is my word. You can ask all you want, but that doesn’t change what was clearly stated.
Integrity and Word. They go together.
