Profile picture for doralgate

How normal is it that a potential Buyer wants to get contractors into the house for estimates before

I understand the reasoning from their side to figure out all the cost before they are making an offer....

BUT from my side I just spend $7000 to get the house ready for sale including new paint, new carpet, windows cleaned and yard taken care off....it's pretty much as immacuale as it will get.....
  • February 13 2013 - US
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Answers (20)

Profile picture for ToniChapman1

I have seen buyers want to get an inspector or contractor into a home they are interested in pursuing, but not often.  If they write their offer subject to a home inspection, their Realtor should explain how this clause can cover them for their concerns.  If anything over a specific price, mold, radon, ie. they could void the contract and be released.  Laws do vary though from state to state.

  • February 14 2013
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Profile picture for doralgate
Thanks everyone....we let them have access for all their contractors (2) and should be receiving an offer today....as well as there is a good chace that there will be a second offer as well. Should be an exciting day. I appreciate the opinions. All that after 7 days on the market....I guess our hard work seems to be paying off.
  • February 14 2013
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You've done what you needed to do to make the home their own. A buyer is going to do that once they purchase a home. It's absolutely reasonable for ten to bring in a contractor to give them an estimate on the work they would want done. It factors in to their cost of ownership. If your home is priced right, that should have no impact on the offer price. Additionally, the buyer may ask for seller concessions to pay for some f the work they want done. Again, if your home is priced right, and they are asking for concessions for cosmetic upgrades/ modifications, then tat should come out of their pocket.
  • February 13 2013
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I understand where your coming from but try in put yourself in the other persons shoes.  The more information they have at their fingertips will allow them to make a better decision, especially if the home is in great condition!
  • February 13 2013
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I am a realtor in California. We do not allow buyers inspections until they have an accepted offer and Good Faith Deposit. With the accepted offer there are verifications (pre-approval from lender and source of funds).Then the buyer has made an commitment and the seller knows if buyer qualifies to purchase the home.

  • February 13 2013
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I would not take offense to the fact that they want to know all the costs associated with purchasing your home. It is possible the buyer(s) is an analytical type or that this is a first time home purchase.  While it might not be your first rodeo, this could be the largest purchase they have ever made and they want to make sure it can accommodate their "dream home" ideas. Be happy that they have taken such a liking to your home and want to make it their own. Good luck with your transaction!
  • February 13 2013
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It is normal - it shows that the buyers are excited to purchase your house and make it their home.  I'm sure your home is beautiful but everyone has different tastes.  Good luck in your next home!
  • February 13 2013
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Profile picture for Ofe Polack
You are so lucky to have buyers so interested in your property that they are already making plans for the house.  Let them in, be as facilitative as possible, and count your blessings!. 
  • February 13 2013
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It is very normal for a buyer to want someone to give estimates.  Even if you home is in excellent condition.  You live in your home, your way.  The nnew buyer may want to make changes.  Let them.  They are moving in aand getting excited about how they can make it their home.

  • February 13 2013
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Profile picture for Jodee1453
This does happen but I usually ask that it is put into an offer as a contingency. I have lost potential Buyer's due to them doing "inspections" or bring contractors in prior to writing an offer. The worse thing about doing it prior to writing an offer is you, as the Seller, have no control of the situation. If under contract at least you will have a chance to negotiate with the buyer. I have had potential Buyers walk away and the Seller has no clue what happen. Another question is who is the Buyer's Agent working for? As a sub agent they should welcome you attendance at the "Inspection".
  • February 13 2013
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Profile picture for wetdawgs
It is totally normal, and if you wish to facilitate a sale you grin and bear it.   You don't have to pay for their improvements, but they may wish to have a better idea of what the costs will be before they sign a contract. 

It is time to disconnect emotionally from the house.  It may be great carpet and in great shape, but they may have different tastes.   The exterior paint may be in great shape, but perhaps they prefer purple. 
  • February 13 2013
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It is not unusual for a potential buyer to want to bring in contractors in advance of writing an offer. Remember, this is a serious commitment for a buyer and if they need to do this in order to feel comfortable moving forward, I would encourage it.
  • February 13 2013
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Ever person's needs and likes are different. Some buyers like brand new carpet if they have little kids and they do not like to clean the existing carpets.

They may be also just telling you it is for carpet and they are taking measurements and getting estimates for wood or other finishes..

If the home is actively listed with a Realtor and having many showings, they would do this AFTER they secured an offer and just factor that into the cost to update. They could lose the house to another offer while they are checking into the costs.

If you have lots of activity, as you should with a fairly priced home, and receive WRITTEN offers, there is no need to have any negative thoughts or speculation. Then for SURE you have more leverage with any buyer and their requests.
Best of luck.
  • February 13 2013
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While it happens less often than it happens, in no way would I take offense to it. Everyone has a different comfort level with buying a house. Some people are just overboard cautious but think of it this way, if the house is in great shape and the contractor says so, city may make for a higher offer. If they are looking to nit-pik and the offer reflects that you can always counter offer. 
  • February 13 2013
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Profile picture for doralgate
Thanks for the answers....I just never encountered anything like this....the contractors they are bringing in are for carpet (all carpet i the house was replaced in the time I owned the house; 2.5 years) and outside paint which apparently they don't like the color (repainted by prior owner in '07) so neither is really anything I am really willing to take a hit for....I guess we'll be waiting for the actual offer. btw house is priced very fairly/low for the location and amenities it has....so again I guess they can reach but I know what I have.

Need see the offer. At this point is just all the negative thoughts and speculation in our heads that drives us nuts
  • February 13 2013
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Many of the items that you mentioned are typical for care and maintenance of your home. Depending on the buyers needs and wants, this discovery of information may or may not make your home acceptable to THEM. What if they want a more open floor plan and the contractor is determining if you can remove a load bearing wall? What if they are looking to replace windows and they find out they have to buy custom and not replacement ones? It does NOT mean the house is worth the value they determine for any OTHER buyer. For another buyer is may very well be worth more. If their offer is way to low based on THEIR needs, wants and estimates, then YOU determine if the offer is still fair. Are their concerns legitimate and could be a concern to OTHER buyers,? If so you might dispute the costs to cure...not the cure itself. I have had people haggle over appliances, only to see them thrown out a week later when they decided they would replace them now that they lived there. Both parties just need to be comfortable with the final agreement. If this current buyer is eyeing a HUGE modification, they may not be your best buyer. They are going to want it for the stripped down value as they need to remodel the home. If you are attracting that kind of buyer over and over, either the condition IS an issue, OR you have to check your pricing and who are you attracting. The bottom line is: What is the offer, terms, and can you work with it? Could the items they priced potentially be an issue for any OTHER buyer? For some homeowners, there is MORE value in their land and location. KNOW what you have, ask your Realtor to determine if the offer after discovery is still fair. Confirm that after inspections, engineers, and permits inquiries ( for what they are looking to do ) are NOT contingencies to close. That is more common with land sales only the same theory.. YOu do not want or need another shoe to drop a week before closing. Best wishes and Good luck Suzie
  • February 13 2013
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Thanks for posting your question on Zillow.com!

Well, not totally uncommon it is really up to you.  You can say, "no offense but I would prefer you wait until after you take possession".  What if something happens & you don't close, then it was a waste of time.  If the transaction is going smooth and you are on super good terms (BUYERS: IT PAYS TO BE NICE TO THE SELLER DURING NEGOTIATIONS FOR THIS VERY REASON) then you may want to let them in but on your schedule when you plan on being there so you can oversee everything.  Make them all come at one time too.

Best of luck!
  • February 13 2013
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Profile picture for MrAlexGlaser
That is totally normal.

Some people just want to get an idea on what possible renovations or upgrades might cost them in the future before they start spending money that they cant get back, inspections and appraisals ect. I  imagine their intention is not to make you feel like your $7000 wasn't enough or spent in the right places. Be happy they want to see your house and ask them what their contractor thought.
  • February 13 2013
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It's not common but not unheard of. Typically a buyer would want to secure a home (have an offer accepted) before they ask contractors to come out and give them hypothetical quotes.  Usually this type of service can be done during an inspection period, after an offer is accepted of after an inspector has identified repair issues. Good luck
Daniel, RE/MAX Realtor
  • February 13 2013
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This is perfectly fine. Some times buyers have certain plans or specifications they need with a home and that cost is part of what they need to know prior to making an offer. I have had folks conduct home inspections before making an offer. This can also be a good sign of a serious buyer. Sincerely Kathryn Shanaberger Southern Mountains Realty Murphy, NC 828-837-1554 www.southernmountains.com
  • February 13 2013
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