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Who Killed the Deal to Sell Your House? - It Was an Inside Job

By Feux Follets following x   2018 May 17, 3:25am 182 views   2 comments   watch   sfw   quote     share    


The real-estate agent had been showing a mansion in Los Angeles’s Benedict Canyon area for several months with no success. Priced at around $10 million, the Hamptons shingle-style property boasted seven bedrooms and a swimming pool with a spa. Prospective buyers would seem enamored but never be heard from again.

Then Ms. Mills got a call from another agent. She learned that the sellers’ housekeeper, fearful of losing her job once the home sold, was giving buyers a laundry list of woes. The neighbor’s dog was a barker, the canyon echoed loudly at night, and another neighbor hosted raucous parties.

“You’re never going to sell that house with her there,” the other agent told Ms. Mills.

She immediately called the sellers and asked them to make sure the house was vacant for showings. Within weeks, it found a buyer.

A home sale can have many potential deal killers. Emotions can run high. There can be hidden agendas. From tenants who don’t want to move to the child who doesn’t want to see the family home sold, third-party players can block or undo a transaction. For agents, it can mean playing a combination of sleuth and therapist.

Sometimes the culprit is easily identified. A couple of years ago, a disgruntled teenager who was upset that his home was about to be sold decided to throw a blow-out party at the large Brentwood estate while his parents were away, recalls real-estate agent Joseph Montemarano. The boy and his friends painted graffiti all over the tennis court and guest house the day before the final walk through—smiley faces, tags and different versions of “Bob woz ’ere” were sprayed all over the property.

“The parents had to pay to have the court repainted and resurfaced and repair the guest house,” Mr. Montemarano says. “Luckily, my buyers were pretty OK with it. They just told the seller to make it right.”

More common is the angry-tenant problem. A renter in a townhouse in the Upper East Side of Manhattan, who was paying just $1,500 for a parlor-floor apartment in the top location and didn’t want to move, took to chilling it to freezing temperatures before every showing and leaving rat traps lying around. There were no rats.

Full Article: https://www.wsj.com/articles/who-killed-the-deal-to-sell-your-house-it-was-an-inside-job-1526396927

#Housing #Selling #Buying #DealKillers

1   Tenpoundbass   ignore (10)   2018 May 17, 6:37am   ↑ like (0)   ↓ dislike (0)   quote        

The house I rented for 11 years during the bubble. Went through three flippers. The last one, was a real piece of work what a scum bag.
He paid 500K and was trying to get 750K for it. Everytime they would do a walk through I would open the drop ceiling in the kitchen and show them the rotten wood from the leak he never fixed and all of the other flaws. It finally sold for 450K
2   P N Dr Lo R   ignore (0)   2018 May 17, 8:12am   ↑ like (0)   ↓ dislike (0)   quote        

Feux Follets says
She immediately called the sellers and asked them to make sure the house was vacant for showings
I thought that was standard procedure. When I put my condo in Dallas on the market in April, 2005, the realtor would call periodically and say it needed to be vacant for usually an hour interval. One time it was from 5:00 to 7:00 p.m., which was inconvenient because it was when I would have been eating my dinner, but I just dined out that time. It was worth it though because it sold in June.




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