Sale Strange Request
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Sale Strange Request (by Jeff [CO]) Jan 14, 2021 1:34 PM
       Sale Strange Request (by JR [ME]) Jan 14, 2021 1:55 PM
       Sale Strange Request (by Jeff [CO]) Jan 14, 2021 1:59 PM
       Sale Strange Request (by TenantWhisperer [MA]) Jan 14, 2021 2:22 PM
       Sale Strange Request (by S i [MO]) Jan 14, 2021 2:45 PM
       Sale Strange Request (by NE [PA]) Jan 14, 2021 2:45 PM
       Sale Strange Request (by Jeff [CO]) Jan 14, 2021 3:04 PM
       Sale Strange Request (by WMH [NC]) Jan 14, 2021 4:20 PM
       Sale Strange Request (by Robert,OntarioCanada [O]) Jan 14, 2021 4:45 PM
       Sale Strange Request (by WMH [NC]) Jan 14, 2021 4:48 PM
       Sale Strange Request (by Jeff [CO]) Jan 14, 2021 5:24 PM
       Sale Strange Request (by Ray-N-Pa [PA]) Jan 14, 2021 8:18 PM
       Sale Strange Request (by Nicole [PA]) Jan 14, 2021 8:40 PM
       Sale Strange Request (by Robert J [CA]) Jan 15, 2021 10:07 AM
       Sale Strange Request (by Pmh [TX]) Jan 15, 2021 5:57 PM
       Sale Strange Request (by BRAD 20,000 [IN]) Jan 16, 2021 1:09 AM
       Sale Strange Request (by TenantWhisperer [MA]) Jan 16, 2021 6:00 PM

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Sale Strange Request (by Jeff [CO]) Posted on: Jan 14, 2021 1:34 PM
Message:

I have a four unit under contract. After signing, the buyer toured each unit. Tomorrow is the inspection.

The realtor wanted to know if he can ask the tenants to step out so that the inspector and buyer can be alone in each unit.

Of course I won't allow that. Anyone heard of that kind of weirdness?

--76.120.xx.xxx




Sale Strange Request (by JR [ME]) Posted on: Jan 14, 2021 1:55 PM
Message:

No. That request is unreasonable. --174.249.xx.xx




Sale Strange Request (by Jeff [CO]) Posted on: Jan 14, 2021 1:59 PM
Message:

Request: Denied. --76.120.xx.xxx




Sale Strange Request (by TenantWhisperer [MA]) Posted on: Jan 14, 2021 2:22 PM
Message:

On the other hand, from a practical point of view, if the tenants step out they can't point out the "low water pressure" or the "flooded basement sometimes" or .....

Sometimes tenants are so afraid of ownership change that they will try to sabotage the sale.

So, tenants gone may be a good thing. Can't hurt. --73.16.xxx.x




Sale Strange Request (by S i [MO]) Posted on: Jan 14, 2021 2:45 PM
Message:

This may be a gift in disguise....

Let's say the inspector starts finding all sorts of problems and talks to the buyer while the tenant is there. Buyer backs out. Now you've got a tenant who knows every little thing wrong with your unit according to "a professional" and may expect you to fix those.

Likewise, the Buyer may not want his future tenants knowing every possible thing that isn't up to snuff 100% and end up getting a laundry list of repairs if he does go thru with the purchase. You and I know that due to liability issues, inspectors find every possible deficiency no matter how minor and note it down with pictures and "refer to a qualified professional for diagnosis and repair." Would you want to be the new owner and have just told the tenant every conceivable problem with the building, even the nitpickiest of the nitpicky?

Unless you suspect the Buyer and the inspector are thieves, what's the problem? --107.216.xxx.xxx




Sale Strange Request (by NE [PA]) Posted on: Jan 14, 2021 2:45 PM
Message:

It's probably covid fear. --70.44.xxx.xx




Sale Strange Request (by Jeff [CO]) Posted on: Jan 14, 2021 3:04 PM
Message:

Sid, I see what you're saying, but it's really quite an imposition to ask tenants to leave where they live. The property is very well-maintained. I have no doubt the inspector will find things wrong, but it shouldn't make any difference whether or not the tenant is there.

They can always step out during the inspection if they are uncomfortable.

I neglected to mention that they want the tenants to step out AFTER the inspection, so that they can go back in and talk with the inspector inside the unit again. Makes no sense.

Sorry about the omission. --76.120.xx.xxx




Sale Strange Request (by WMH [NC]) Posted on: Jan 14, 2021 4:20 PM
Message:

At first I thought it was a COVID thing, but now that you say they want to go back in after the inspection, no. The inspector takes detailed pictures and notes and they discuss THOSE later. --50.82.xxx.xxx




Sale Strange Request (by Robert,OntarioCanada [O]) Posted on: Jan 14, 2021 4:45 PM
Message:

Some buyers want to see how motivated seller is where the inspector will find problems that do not exist then ask for a haircut on selling price. If the buyer does not want tenants then the buyer can decide once purchasing rental building. As long as the apartment building meets all the building and fire codes where there are no violations then buyer has to be serious they are going to pay the price negotiated on or walk. Tell the buyer that there is going to be reduction in asking or let the buyer walk. One agent said a buyer was going to offer me more where after inspecting the apartment building they told me a $75,000 haircut in price where I showed the offer where only had to sign. Some buyers are looking for a quick flip where they sell the apartment building in a short time. If do not have sell then can wait until another buyer comes along or sell privately by advertising on internet. --99.236.xxx.xxx




Sale Strange Request (by WMH [NC]) Posted on: Jan 14, 2021 4:48 PM
Message:

At first I thought it was a COVID thing, but now that you say they want to go back in after the inspection, no. The inspector takes detailed pictures and notes and they discuss THOSE later after he writes up his report. Or they discuss as they go through the house the first time, right? --50.82.xxx.xxx




Sale Strange Request (by Jeff [CO]) Posted on: Jan 14, 2021 5:24 PM
Message:

Thanks, all. The inspection starts at 1:00 PM. They wanted to come back for the re-inspection at 3:00 without the tenants present. I have never heard of that. Crazy!

Won't happen.

It's funny, the realtor asked me if I want to take the inspector through. Um, nope! That's YOUR job! --76.120.xx.xxx




Sale Strange Request (by Ray-N-Pa [PA]) Posted on: Jan 14, 2021 8:18 PM
Message:

Perhaps this might be to recap the building and show any huge deal breakers to the buyer or give the buyer a list of things to do to increase rent.

Hard to do that in front of a customer without the customer balking somewhat - but the customer should be involved IMO --24.101.xxx.xx




Sale Strange Request (by Nicole [PA]) Posted on: Jan 14, 2021 8:40 PM
Message:

I'm thinking along the lines right above. Inspector will do his detailed work and buyer would be hanging around a lot talking - doing and seeing nothing. Inspector wants to take buyer in afterwards to show anything out of the ordinary or that would be cause for concern. --72.70.xxx.xxx




Sale Strange Request (by Robert J [CA]) Posted on: Jan 15, 2021 10:07 AM
Message:

This reminds me of the time a "student" of a "wholesale real estate class" brought in 3 buyers after he got my property under contract. --47.155.xx.xxx




Sale Strange Request (by Pmh [TX]) Posted on: Jan 15, 2021 5:57 PM
Message:

just say NO as my wife does.... --107.77.xxx.xx




Sale Strange Request (by BRAD 20,000 [IN]) Posted on: Jan 16, 2021 1:09 AM
Message:

Jeff,

I hope Hoosier chimes in with his inspector hat on.

Second inspection? For what?

If they are checking to see repairs are complete before purchase give them photos. Do they to go back into EVERY apt or just them ones needing repair?

I would give each res a $25 gift card for their inconvenience and ask them to cooperate by just sitting down and not saying a word.

I WANT to be there during any inspection. I can contain the res and answer any questions.

For what itís worth, when I sell I hire my own inspector at the realtor discount. He points out problems and we write them down. He does NOT take photos or write a report. Easy for him.

We fix and have him come back, check the repairs, and NOW take pics and write his nice, clean, positive report. We give that clean report to the prospects.

BRAD --73.102.xxx.xxx




Sale Strange Request (by TenantWhisperer [MA]) Posted on: Jan 16, 2021 6:00 PM
Message:

The buyer gets to inspect it ONCE - no second inspection.

--73.16.xxx.x



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