tag:blogger.com,1999:blog-2141774591169678883.post-7256516437226657632008-06-30T16:07:00.000-07:002008-06-30T16:07:00.000-07:002008-06-30T16:07:00.000-07:00Regarding the anonymous post with this blog: <BR/><BR/>I would like to mention that all real estate purchase prices and repair items are always negotiable between the buyer and seller. So, basically I agree with your comment. <BR/><BR/>BUT, take a look at the typical transaction from the typical buyer's view point. When the buyer agrees to purchase a home for a certain price, the buyer is assuming the home is in good condition and is not needing expensive repairs. It is also assumed by the buyer that the seller has not hidden any material defects and has fully disclosed the condition of the home (as they are required to do). In the case of this seller with the XXXX rated sewer line, the fact that the tree roots were so thick in the sewer line that the sewer drainage was being blocked was NOT disclosed to the buyer. (The first sewer camera company could not even push through the roots to complete the viedo of the line. The line had to be roter rootered before the second camera inspection could be completed.) We just are not sure if the seller knew or did not know if the sewer line was broken or not. According to both firms that inspected the sewer, it was agreed the the sewer lines needed to be cleaned out at least once a year to maintain functionability of the sewers system. The sellers sure knew this fact, but did not disclose it the the buyer.<BR/><BR/>In the case I was writing about, the buyer would never have offered as much money for the property if they know there were material defects within the home. <BR/><BR/>It is customary for the buyer to have the home inspected to verify the home is in the condition they expected and that the seller represented when the purchase price was agreed upon. If material defects are found, it is quite common for the buyer to expect the seller to pay for the repairs.<BR/><BR/>This is perhaps a different way of thinking about which party should be paying for the defective items.<BR/><BR/>And yes, the final purchase price paid and repair items are always negotiable in real estate transactions. But, I'll bet that if I were representing you as a buyer and you felt you paid a very reasonable price for the home we found, that when material defects were found, that the seller did not disclose to you, that you would have no difficulty allowing me to negotiate that all repairs should be paid for by the seller. <BR/><BR/>Thanks for taking the time to write your comments to my blog. It is always nice to see ideas from others point of view. <BR/><BR/>Best wishes,<BR/><BR/>Bill Kosena, ABR, CRS, SRESBill Kosena, ABR, CRS, SREShttp://www.blogger.com/profile/16086006170404256171noreply@blogger.com