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Don’t Depend On The MLS Comments

November 1, 2007

 ”Seller will give a $2000 flooring allowance at close of escrow.”

…but only if you buy it for full price.

“Roof will be placed prior to closing.”

…but not if you buy it at the ‘as is’ price.

“All fogged windows will be corrected before closing.”

…and by that, we mean we’ll give you money and you can go fix them.

“The barbeque and patio furniture convey with the house.”

…except when you show up at the walkthrough and they’re gone.

Many, many times, there are comments made in the MLS regarding an incentive offered by the Seller that just aren’t completely true.  Unfortunately, you can’t depend on getting these kinds of incentives unless you specifically negotiate for them in the offer.

If you want the roof fixed, or a flooring allowance, or really really want their patio furniture, you’d better be asking explicitly for those things and securing a decision that is recorded in a purchase contract.  Most often, offers made via MLS comments aren’t enforceable (at least as far as my company’s legal counsel is concerned - if you’re in the middle of one of these situations, get your own legal advice.).

Personally, I think those Sellers ought to be just making those repairs and removing those items as negotiating tools.  Go replace the floors or the roof or windows, so that a Buyer can’t use those things during a negotiation to get a lower price for the house.

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