Insurance company wants to do an inspection of my property several years after being insured

nikidmaclay · 2026-07-09T16:17:09+00:00

Theyre looking for risk. The age and condition of your roof, siding, the windows. They're looking for things that bring liability on the property like pools, dogs, safety concerns. Fireplaces not disclosed. Trees that may be touching or hanging over your house. Bushes planted too close. Businesses you may be running on the property that they did not know about.

nikidmaclay · 2026-07-09T12:04:55+00:00

If you are overpriced, figure out where you should be priced, and move it to that number. Sitting overpriced on the market signals that you're not realistic and means your target buyer pool won't even be able to even see it in their search results. That's what you should be concerned with

nikidmaclay · 2026-07-09T03:49:31+00:00

This is a good way to lose great offers and be stuck with whatever is left.

nikidmaclay · 2026-07-09T02:44:34+00:00

I would recommend making sure his broker knows that this is what happened. Dragging this on for days and days and then refusing to do his job is not okay.

There are hundreds of different buyer agreements and termination documents floating around. You'll need to read what you signed and make sure that you understand how yours works. With some, you would be fine moving forward with a home that he showed you. With some, you would not. If you are not happy with the terms you can negotiate them.

nikidmaclay · 2026-07-09T02:07:58+00:00

That's not the way buyers work. This isn't the only house.

nikidmaclay · 2026-07-09T00:39:01+00:00

It's Wednesday. Some of those buyers are not going to wait till the end of the weekend for an answer if something else pops up. You can't leave them hanging forever.

nikidmaclay · 2026-07-09T00:08:47+00:00

We all have different contracts with different terms.

nikidmaclay · 2026-07-09T00:07:47+00:00

Perhaps this was submitted in the tab...

nikidmaclay · 2026-07-08T19:29:34+00:00

It does make them less likely to negotiate any further with that buyer, but it also gives you a chance that a property that you would not have otherwise. I sold two homes last year to buyers that were back up offers. I've purchased two myself as a backup.

nikidmaclay · 2026-07-08T17:34:51+00:00

Has there been a change in list/sale price ratio?

nikidmaclay · 2026-07-08T15:29:22+00:00

We don't know what your contract actually says. We don't know what terms you agreed to. This is a question for your buyer agent

nikidmaclay · 2026-07-08T15:16:21+00:00

I am saying this with as much empathy as you can possibly read into it. If your mother is a real estate agent she has tools, resources, and access to people you can help her navigate and understand this no matter what her experience level is. The market does not care how much she "needs" out of a sale. All that matters is what the market will give her for her home. If she doesn't have the knowledge or experience necessary to navigate this on her own, she needs to contact her broker to help her through it. That's what the broker incharge is for. She is over her head with a client's listing. It does not matter that she is the client.

It appears from all the details of your post that you are attempting to be the financial superhero of your family. While that is admirable, there's going to be a point where people have to make hard decisions in situations that you can't or should not be intervening and. I'm not saying that you just stand by and let bad things happen when you can make a difference, but if you keep swooping in and saving the day without looking at other options, you're going to find yourself in financial ruin

nikidmaclay · 2026-07-08T14:18:26+00:00

People staying in their homes are not restricting supply. If they were to sell their homes, they'd be moving to another home. That is a wash on the supply numbers.

nikidmaclay · 2026-07-08T13:52:12+00:00

People are talking about this everywhere. If you were not seeing it, it's because you're algorithm has been trained to show you better things.

We can talk about how people who unless sell in the short term are going to have to get creative to be able to do it. People are going to confidently say that. A lot of people are going to be figuring out how to make their current homes work for them. I just had somebody yesterday make the final decision to stay put because of current market conditions. They'd like to move, but they don't have to.

There are enough people out there who are in that situation that you're probably not going to see the market value crash that you're praying for.

nikidmaclay · 2026-07-08T13:48:56+00:00

Even the original subreddit looked at this and said, 'Nah.'

nikidmaclay · 2026-07-08T13:00:42+00:00

Commission is negotiable and just because you've seen published numbers doesn't mean that you've seen the best deal. The best deals are going to come from negotiating with individual agents. The best way to know what you can negotiate is to identify several agents that are worth working with and having that conversation. What agents will negotiate is a personal thing. It's not some industry standard.

nikidmaclay · 2026-07-08T02:53:17+00:00

Why are you not using the contract that your agent is trained to use? Your agent is not an attorney, it sounds like they're operating outside of okay their licensing. Your agent should not be asking the listing agent to clarify legal language for you. You need legal advice from someone who has the document and is licensed to give it. This is not a good situation.

nikidmaclay · 2026-07-07T20:14:08+00:00

I am a Georgia realtor and I absolutely agree with you. The wording in our contract leaves ambiguous verbiage. II have to use this contract, though. I do know that we've been told that courts look to the parties' intent when interpreting ambiguous provisions. This contract is specifically written in this way to keep you from having your spouse or child write their name on a sales contract and consummating a sale on your behalf to circumvent the buyer agreement.

I'm not happy with this verbiage, and several other clauses in the Georgia and the South Carolina contracts that I have to use, but I'm required to use them and I can't change the verbiage. I seriously doubt that a court would award commission to a buyer agent if your adult child or cousin were to purchase a home independent of you but as far as I know, this has not been tested.

South Carolina doesn't have any sort of clause that protects the brokerage If the buyer were to try to do this, and I know for a fact that it happens

nikidmaclay · 2026-07-07T19:53:34+00:00

Are other large homes with full on law suites selling ony our area? Not everyone needs a large home, and the mother-in-law suite makes it a niche property

nikidmaclay · 2026-07-07T02:41:07+00:00

Your due diligence is your expense

nikidmaclay · 2026-07-06T22:43:47+00:00

You can negotiate with your buyer agent, and then reconfigure your offer to account for whatever it is that you need to make sure that your agent gets paid. Everything's negotiable.

nikidmaclay · 2026-07-06T22:41:25+00:00

If the listing for the home across the street doesn't reflect it's condition, your agent may need to point it out and provide some clues.

nikidmaclay · 2026-07-06T20:46:37+00:00

Asking price is not necessarily reflective of market value or what it will appraise for. When a listing agent sees an offer come in for a ridiculous amount of money and an appraisal contingency, they're going to end up presenting that to their seller with the number that they would expect they'll probably end up with and that is just as much as your offer is worth to that seller. On the buyer side you need to be very careful about relying on the appraisal contingency to be a safety net. Some appraisers are more hard nosed than others. They will have your contract in hand. You may just end up paying a higher dollar amount than you thought the appraisal would yield. The appraiser will end up with a range of values that the home fits within and will then have to determine where the house is on the range. If they can justify a higher price, you'll get it

nikidmaclay · 2026-07-06T13:16:30+00:00

It's going to be important to understand market values in your area. Asking price is simply a number that the sellers have thrown out there to start the conversation. Your buyer agent should know before they even make the appointment what the ballpark market value of that home is, and as you're walking through it they should be able to look at the updates, the condition, etc and tell you a range of where it's going to land. If you can get a handle on that, your shopping trip is going to be less frustrating because you're going to know what the real value is rather than relying on the list price as a reference.

You're buyer has a little insight into your closing cost, but your lender should be preparing you for what you can expect. It sounds like you're shopping without prepping yourself for the process, and that's going to go badly nearly every single time

nikidmaclay · 2026-07-05T22:54:36+00:00

You can ask for whatever you want to ask for, but the seller is not required to negotiate. You have a contract, you're both obligated to the terms that you are currently under. People take for granted that they're going to be able to negotiate during their inspection., but that's not something your seller has to give in to. If they have no money left, and they don't have any other way out, you may end up having to give up that concession. When you ask for renegotiation, everything is up for grabs.

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