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One Person's American can be Another Person's Nightmare…
Being affiliated with the real estate industry, I can fully understand how ecstatic one must feel when a buyer finally signs an intent to purchase contract and issues an earnest money check. For some buyers, the gambit of emotions leaves a feeling of uncertainty in the pit of their stomach, much like the feeling that they have eaten something that did not quite agree with them. Nevertheless, the transaction must proceed and an inspection is ordered.
The property was a quaint little 650 sq. ft. cottage, built in an era where the code was: "Bud, There ain't no codes." But then, inspectors aren't "Codes Inspectors". Being generalists, we must ascertain whether the construction methodologies are "acceptable" and do not demonstrate major structural deficiencies - not do they meet today's codes. They won't.
Stepping into the dwelling was like stepping into a shallow soup bowl. The ceiling line looked more like a sway backed horse that had been ridden hard and put away wet. <sigh> Staring at the at the "Nightmare on Main Street" and cursing my luck, I stepped outside to regather my composure. After a few minutes, I set about the task at hand; inspecting someone's American Dream, my personal nightmare.
Needless to say, the property went on like an all day sucker. Every room, every nook and cranny was a new adventure. The crawlspace was a disaster. It was hard to not to be jaded, but then, I am a professional and like the Brits, Kept a stiff upper lip.
The walk-through with the buyer at the end was as unpleasant for me as the inspection itself. Holding back the urge to blurt out, "Well, the light bulbs work and that outlet over yonder is in great condition." I bit my tongue and proceeded through my findings. As is our policy, we focus on the positives but let it be known too, of any issues that must be addressed.
Driving back, I pondered the situation as I often do when encountering tough properties such as this. Although I initially cursed and shook my fists at the gods for giving me such a POC to inspect, I was tankful for the pay day. I realized too, that the property was this person's American Dream. It's not my job to squelch it. Hopefully, the gods will smile upon me and give me a better property next go-round…
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KEY TO FINDING YOUR DREAM HOME!
Today we have several Foreclosed Homes on the market in Great Locations but are in Less Than Perfect Condition. Many times these homes are not being purchased by the average home buyer because of the cost of repairs and upgrades to make it The Home of Our Dreams.
Finding a Realtor that is Experienced and Knowledgeable in your local market PLUS also stays abreast of What's New and Available in Mortgage Industry is a Key to Success in Finding Your Dream Home!
When looking for your new home, don't always look for the home in perfect condition while conceding on that great location or style of home that's right for you. There are many homes that may not be in perfect condition but are in the perfect location with that style and floor plan that works best for your family.
Realtors are connected with mortgage companies. Part of being a good Realtor is staying on top of the new innovative mortgages available for Today's Market. And in today's market, many homes need repairs, renovations or upgrades to meet the needs and desires of your lifestyle!
Here is some Questions to Ask when looking at homes that while the Location, Size or Layout is great, the Condition of the Home is Less than Desirable.
What Upgrades would suit my taste and style if I were to purchase this home?
Is there any Remodeling that could make this home the perfect home for me?
Would the Renovations Increase the Value of this home in Today's Market!
What is the Cost to Repair and Renovate this home to make it Your Dream Home?
Is the Total Price to purchase within my ability to buy?
Renovation Mortgages are offered today to allow you to Purchase that home in a Great Location but are in Less Than Perfect Condition into Your Dream Home!
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Or is it Seller Beware of today's Buyers?
The term in real estate before all the disclosures came about years ago was Buyer Beware. Today I wonder if it has become more of a Seller Beware market. Sellers have the legal obligation to disclose everything about their property for sale and when in a binding contract, it is the Seller that has to put the effort and funds in to assure their property is closed and on time. I wonder if Buyers today after putting the minimum amount of earnest money possible down to secure the contract, are still looking for a better house and a better deal! Many times working more than one offer at a time, accepting one while they are bargaining for another without the agent or Sellers knowledge. I believe today listing agents show protect their Sellers by requesting a minimum of 10% earnest money. In most cases 10% would be enough of a risk of loosing their earnest money to cause Buyers to secure one contract and follow through to closing. I have been so frustrated just this week as a Listing agent to find one Buyer attempting this trick pulling out of a contract to find Oh, I didn't get the house so I want back in this contract. Should you as the listing agent advise your Seller to allow them back into the contract or not? Are there any other agents that have experienced this same situation?
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Dickson County is a wonderful place to live. Located in Middle Tennessee, Dickson County is a group of small towns with a feel of a large community making a great place to raise a family. Convenient to Nashville and Franklin, Dickson continues to grow with a population of about 60,000 residents. Dickson County is the home to six beautiful parks, three golf courses, The Roxy Movie Theater and Broadway Drive in theater. The Renaissance Center is a state of the art entertaining/educational complex offering an art facility, art gallery, and book store daily, dinner theater, laser light shows and Science Theater. Some of the various classes include mosaics, pottery, drawing, computers, internet surfing, painting, music, dance, acting and photography as well as Austin Peay College off campus classes. While Dickson has many of the same restaurants of other towns it also has its own unique dining like the Back Porch Restaurant, Farmers Family Restaurant, Tony B's Burgers, Potato Shack, Sisters, Catfish Kitchen, Buddy's and Heavenly Hog, all with their own specialties, locally owned and operated. Dickson County also brings its rare finds while shopping the downtown area with antique, specialty and gift shops, department, furniture and jewelry stores, a restaurant, and coffee shop. Come on to Dickson for a day full of fun with a real hometown feel.
To visit Dickson TN located in Dickson County, take I40 West from Nashville, follow to exit 172, turn right off the exit ramp and follow Hwy 46 to start your day and great time. For more information about Dickson County TN go to http://www.dicksoncountychamber.com/dickson.aspx.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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