Most "risks" have an upside and a downside. In this case, for example, the solar PV system may be working better or worse than the (potential) buyer initially comes to understand.
We have huge industries based on selling "risk, but with a huge potential upside" to people willing to pay for access to the potential upside. Many of those customers are not interested in low risk in that context.
So "more risk, pay less" is not a hard and fast rule, but depends on what is being purchased, the circumstances of the buyer, and more.
So they had to negotiate who was going to pay off the solar panel, and this all had to be completed before home sale.
If, hypothetically, the seller never disclosed the financing, then that would be an issue between the seller and the financer. At most, the buyer would need to allow the financer access to retrieve their property. The financer could then sue the seller for the buy-out cost and/or breach of contract.
As an aside, at least around here (USA), if you see a house with solar panels, it is a good assumption that they are financed.
Nope, at least not typically.
Typically in the US houses are sold as-is unless it's noted in the closing docs. Everything in or on the house when you close is yours. The seller would be the one fighting with the financing company, as (again unless noted in closing docs) they would be considered fixtures and considered part of the real estate sale.
If the solar panels were financed with an unsecured loan, then the home buyer would unambigously own them. It is also possible for the lender to have a lien against the panels; which again would survive the home sale.
For example, I run an HOA, and agents routinely forget, until the last minute, to come to me for the HOA's paperwork. The state even requires 10 days notice. I've switched to an attitude where I proactively reach out to the seller (not agent) early in the process.
Theoretically, the price of the house before cleaning should be equal to the value if the house after cleaning, minus whatever the cleaning costs. In reality, you'll get much less for your house without cleaning it, because human emotions.
A family came for the tour and before walking in the father put his hand on the rail, looked up at the house, and said "this place seems well maintained". Then they bought the house after a small pleasant (for us) bidding war.
The contractor earned his high rate and then some.
I.e. putting in an expensive door knob is a good plan!
Whatever you wanted to hear to make them the most amount of money in the(ir) least amount of time.
They are the sellers agent.
You should not trust them a millimetre further than that.
(I bought my current house based on a spreadsheet analysis. Doorknobs are easy to replace, foundations, walls, electric, a lot harder.)
> All were compromises in various ways
That's true of just about everything.
Did we rule looking at something based on photos/descriptions? Yes, certainly.
If I tour a house with pet urine stains all over the carpet, it's only logical to conclude that the owner is likely not maintaining the rest of the house to a very high standard.
It doesn’t prove that you’ve been generally on top of things for the lifetime of the house but the inverse situation where you couldn’t clean one time for guests sure doesn’t.
A few things we changed right away: - new mailbox (replacing a rusted 30+ year old one) - lots of landscaping work (the majority of which I can do myself) - installed a wine fridge (I always felt it gave the sense that the kitchen was upgraded when we were touring places) - replaced old door knobs with modern matte black levers; ~$50 each
The house was built in 1968, so it's been interesting to think about all of the small things that make it feel dated that can be changed for not much money.
Mostly, I notice that they look like efforts that were motivated by trying to get a high price, but are limited to being fast and cheap.
So while I do note them, my perception of them is not generally positive at all.
I'd rather the outlet covers be original and clean than the new, usually oversized covers (with a slight color mismatch) I often find.
If I'm seeing caulk anywhere, that's problematic for me. When used properly-sparingly to seal things, it doesn't draw the eye at all. When it's used to hide sins, it's awful.
When I see sloppy caulk I first think of the time I'll need to spend to dig it all out. And then, I think about the time it will take to actually-fix whatever things it was hiding that nobody has ever bothered with actually getting right.
When I see new doorknobs on old doors, I'm mostly attracted to the outline that was left by the original hardware. And then I wonder: The old knobs were probably made from materials like steel, cast iron, and brass; stuff that can last for centuries with some maintenance. Why were they replaced?
Were the old knobs non-functional somehow, or were the owners too cheap and lazy to bother with taking things apart for a bit of TLC and preservative paint?
What other parts of the house were done fast, cheap, and/or lazy like a landlord who doesn't give a fuck? What haven't I found yet that they "fixed"?
Sometimes it's easy to find: The "soft" parts under the sink are a mess. Flexible pressure lines that are a mile too long, bendy pipes on the drain (this should never happen), traps in series with one another, bizarro-world TPCLALL-branded Amazon-sourced parts that simply do not match regulated norms at all and which haven't seen a UPC® logo ever... but that's simple to rip out and replace.
Sometimes it's harder to find. Drains that go uphill. A sea of CPVC pipes running in every direction, with dead ends, all buried in the basement ceiling. No trap for the bath tub upstairs. Mixed metals. Mixed plastics: PVC is fine, and ABS is fine, but mixing them together is bad (and shows that a trip to the parts store to get The Right Fucking Thing was just too much work, since it wasn't done). Bad or nonexistent venting.
The problems of today are caused by the lazy, quick fixes of yesterday.
I now realize a lot of the bad bathroom smells are because of traps siphoning dry. Tho the general lack of exhaust fans doesn’t help. Anywho, AAVs to the rescue! And mineral oil in their version of a t&p valve if it doesn’t need to drain much to prevent evaporation of the trap water: https://fr.wikipedia.org/wiki/Groupe_de_s%C3%A9curit%C3%A9
I have a photo of the original breaker box that looks like bad AI, it’s so unspeakably awful - just this wild spaghetti of muddy corroded wires and parcel tape with bits of string and random breakers floating in midair at jaunty angles, connected sometimes to live, sometimes to neutral, sometimes across circuits, usually doing nothing. The earthing was purely accidental. I just ripped it all out, but not before the microwave bit me one rainy morning.
Also make sure your screws in your outlet wall plates are vertical. I've found it's a key tell between mediocre electricians & handymen, and the real pros, and it gives me confidence (perhaps unfounded) that the electrical systems are in good shape.
What would be better is not doing anything and letting the new owner install what makes sense to them, instead of having them pay markup essentially for these placeholder finishes, but obviously we can't have any altruism on this capitalist earth.
The bar is low and you’d still need to hand the devil a shovel.
Anyone who takes business advice from Trump is a moron.
It's trust, because if the previous owners can't even bother cleaning it up, what else might their neglect have done to the house? Maybe I'll need to change the house wiring, verify if any new paint job is hiding mold or infiltration... All that is the cost of uncertainty and uncertainty grows with distrust.
I was in a buying situation where my old lease was expiring soon, I had a second kid on the way, and the last thing I'd have wanted is to buy a place where I'd have contractors milling around for weeks or months to make various repairs. I was willing to pay a hefty premium for a place that's in a move-in condition.
I don't think this extends to "you'll get $10k less if you don't vacuum", but it's a common courtesy on a million-dollar transaction to maybe not leave a mess.
It's not because of emotions. It's because it correlates with other neglect that may be less obvious.
A good real estate agent has a rolodex of various contractors that can fix up a house to ready it for sale.
A messy, shabby looking home also signals that the previous owners were likely not diligent in taking care of their property.
They would prefer to throw out an old suite rather than something that has just been fitted to 'sell the house'. The excuse is provided for them to make it their own.
What they don't want is filth. A spotlessly clean house is preferable to one that has been hastily tarted up with a quick lick of paint. It is respect for the buyer.
This is the latter.
See also: stereotype accuracy
The photos looked like those fancy interior magazines. I will never know if it is because of my effort and investment but I’m certain that it attracted a lot of attention. People really want a move-in ready home that looks like the magazines.
I feel like this is 3/4 of a coffee table?
Amazon couch for $250:
https://www.amazon.com/Kingfun-Loveseat-Century-Upholstered-...
generally the markets where this happens have people who are too rich to care about electricity savings
I'd say it's also "because the kind of people who clean and tidy things also maintain them"
Obviously it's not infallible. But even if the owner only cleaned their stuff now that they are selling it that still tells you they are the type of person to take action where it's beneficial
Gross house means almost certainly not maintained.
I don't think so, esp at selling time, I definitely expect that the owner has just made it look pristine. But the opposite is definitely true: if you can't even bother making it look clean and tidy when trying to sell, I'm pretty sure you've not taken care of it in the past!
Cleaning in general is also usually a core part of maintaining something. Dirt and grime lead to wear and tear.
Actually, the history of edits shows that this is contested territory where people regularly remove what they term as spam links. So, while a disinterested editor might remove a link to a listicle about how to stage your home, they might leave in the breathless tone as harmless. The drive by editors probably feel that they have no more time to rewrite it than we do, given that they watch over many articles, not just this one.