I was not present when the inspector presented his findings to the buyers. But we knew we were going to encounter the famous Air Gap problem. Already explained to the buyers, documentation on installation on counter AND my agent called the buyer’s agent again this morning to remind him and explained the reason there is not an Air Gap installed on the countertop.
Inspector said “No Air Gap”, everyone knew about it and he just said “It is my responsibility to point it out and I know that there are alternative ways to install drainage”. Done. No 30 minute tirade to buyers about how the City Inspector doesn’t know what he’s talking about and scare stories about how contaminated waste is going to pour into their dishwasher at any moment, like the last guy.
Did they sell a rental property to buy this house? They may want to rent this house out for a year before occupying it in order to limit capital gains, if that tax break still exists.
My understanding is they live in Alpine and I don’t think they have sold any investment property. It appears the wife is purchasing in her name only and the funds are coming from an inheritance. You never know, this house might be on vrbo.com very soon!
Who knows why they wanted the property manager to look at it as a possible rental, and who cares? The important thing is that it is a cash offer at a good price! It may be that they plan to move in as described but that they have to wrap up other affairs first. It may be that they checked out the prices people were getting on VRBO and thought it was worth a shot. Who knows? As long as they close on time, they can do whatever they want with the house! But it is interesting.
Who knows, maybe they will sell it to the back up offer people for some crazy high price. Now that would be irritating!
Maybe they are going to set up the downstairs as a VRBO and don’t want to manage that themselves. Sounds ridiculous to me…but you never know.
Or maybe they temporarily need to reside elsewhere. We have relatives in that boat. Bought a great house, but we’re going to be living overseas for two years. Needed a management company to deal with it for that interim.
If they are really buying as a rental, I’ll bet landscape neighbor lady is going to be very, very upset! I sure would be. And it could help explain why they were not concerned with existing messy renting neighbors on other side. Discussing all the ways to fit an extended family might mean they want to able to rent to large family groups, so your time would not have been wasted.
Oh boy, I cannot wait until 10 people cram in there for a summer vacation party Landscape neighbor is definitely going to be upset. She was upset that we put in that new window that invades her privacy a little bit, but it had to be done. It made a huge difference expanding the views in the living room.
If my extended family were wealthy enough that one of us bought this wonderful home, I could see us needing to rent part of it out to cover the expenses in the off season.
I’d rent either floor on VRBO.
You do such classy work!
I’ve learned a critical lesson about the gorgeous solid glass backsplash. I didn’t realize it because I didn’t turn on the stove vent a lot. Because the stove vent is resting against the glass and cannot be ‘cranked down’ with screws against the wall it is vibrating a lot and very noisy.
Buyers have submitted their minimal list of repairs - all doable. But one of the things they are concerned about is how noisy the stove vent is. We are going to have to get in there and try to put some rubber washers or something behind it so it isn’t vibrating against the glass.
I hope you’ll be able to address the vibrating stove vent without too much trouble. Who would have guessed that would be a problem? I’m sure you’ll come up with a creative solution.
Hiring a property manager doesn’t necessarily mean they will rent the property. I have a property manager for our home in Florida because we aren’t there enough to take care of it ourselves. I will NEVER rent the house out but also couldn’t keep the house well maintained without him. Maybe the buyers aren’t planning to be permanent residents and need this kind of help.
CB - congratulations on a wonderful renovation and what looks to be a very smooth closing!
We have already received the official Request for Repairs. I respect the way the other agent handled it. He sent an informal email with the list of items they want fixed and asked for our feedback. I provided a written response and we came to agreement on the list of items. He then transferred that list to a Request for Repairs and we are on our way!
My agent is pushing for an early close and they came back and agreed they could close early next week. Unfortunately I cannot get my guys back on the job until Monday or Tuesday next week, especially the electrician. So, I am now the one holding up the close of escrow. Dang it
Newell property is now playing the game of ‘expire’ and then they brought it out to market again with pricing $1,069,000 to $1,099,000. This makes it look like a new listing and it will email out to interested buyers all over again
Some buyers don’t recognize the game. They are pushing out repeat emails just in case there are new buyers that are just starting to get the emails and they haven’t seen the property yet
Believe me, any agent worth their commission knows the game and will know how long the property has really been on the market
Landscape neighbor is definitely going to be upset. She was upset that we put in that new window that invades her privacy a little bit, but it had to be done. It made a huge difference expanding the views in the living room.