Warren County Ohio Real Estate News and Observations: Keep Calm, We Got This!

Keep Calm, We Got This!

A fine line to be walkedBuying and selling a home has its moments when there's the potential for everything to go thermonuclear. 

A misunderstanding about what is or should be. 

A perception issue due to a miscommunication. 

A big defect with the home found during inspections. 

If not handled carefully, BOOM goes the deal.  And the shame of it is that in MOST cases it didn't need to go sideways if the right parties just kept their cool.

This is when a good agent earns their paycheck and a not so good agent throws gasoline on a freshly lit match.

We've had deals that could have easily blown up, but if you've got professional, competent agents on both sides of the transaction there's usually a path that can be found that still gets everyone what they want.

Years ago we helped buyers find the perfect home.  Some nice updates, way more land and privacy than would be normal for the area, an outbuilding where Mr. Buyer could keep his landscaping business equipment.  A good price, and convenient to the local interstate.  This one was THE ONE.

But then the home inspector found "a mold-like substance" in the attic.  And we're not much talking a small spot, it was seriously extensive.  It would have been VERY easy for the buyers to freak out and leave the purchase, and based on the contract they'd have been more than justified in doing so.

But all parties involved stayed calm because they STILL wanted to complete the sale.

A professional mold mitigation company came in and tested.  Yep, that "mold-like" stuff wasn't just like, it was.

And again, with this confirmation it would have been easy to leave the deal.  But still, everyone remained calm.

A quote was worked up for the mitigation.  ALL the insulation would have to be removed and replaced, the wood cleaned and sealed, this was going to take days and it wasn't going to be cheap.

The buyers were reasonable and were willing to split the costs with the sellers, and the contract was adjusted.  The mold was removed, the mitigation company retested and provided the "all clear".

The sale completed and it's years later and the buyers still love their home.

Now the moral of this is any one of the parties could have made things ugly.  The wrong word or attitude from agents on either side could have fired up everyone.  The buyers making a demand of the sellers that couldn't be met.  The sellers refusing to cooperate.  ANY of that happens and it's no deal.

But that's NOT what happened.

Keep calm, we got this!

 

 

Ready to talk  Cincinnati area real estate?  Just give us a call  at 513-520-5305 or email Liz@LizSpear.com.

We look forward to hearing from you!

Bill & Liz aka BLiz

 

Serving Warren County Ohio & Adjacent Areas


The Liz Spear Team of RE/MAX Elite
Elizabeth Spear, ABR, CRS, Ohio License SAL.2002007747

William (Bill) Spear, CRS, Ohio License SAL.2004011109  Kentucky 77938
Ask for us by name if you visit the office!

EHO Two locations: Lebanon & Mason, OH
Bill Direct:  513-520-5305
Liz Direct: 513-265-3004     
Fax: 866-302-8418

MailTo:  Liz@LizSpear.com

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Comment balloon 2 commentsLiz and Bill Spear • August 04 2018 03:01AM

Comments

Bliz, staying calm and working toward a solution that benefits everyone is always the best. I've had similar ones (first pest inpector missed about $7,000 worth of damage) but buyer loved the house, seller wanted to sell, they split the difference and all was good. Working with instead of against the other party is what I always strive to do.

Posted by Lottie Kendall, Helping make your real estate dreams a reality (Compass) 4 months ago

Good morning Liz and Bill. Your story is telling and almost any physical defect can be remedied for cash. Well done.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) 4 months ago

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