AboutRick Stone, Broker/Owner, CRS, ABR, GRI Expertise I am a licensed Real Estate Broker serving Virginia, Washington, D.C & the areas surrounding Cabo san Lucas, Mexico. I am currently involved in building homes in the Cabo area. I have served as chairperson for my HOA Architectural Review Board. I will do my best to respond to any related questions regarding the buying or selling of real estate.
Questions can be regarding your search in finding a great agent to work with and what to do with a bad one. Real estate agency, contract issues, home inspections, real estate investing and property disclosure issues. I'll do my best and wave my magic wand to get you out of problems concerning your builder or be happy to tell you what you should had known before you wrote the contract or before you do. How do you buy or sell raw land, tear down an old house and rebuild new, and all you should know about waterfront properties are good questions too.
I will say this, I am candid with my reposnces and do my very best to offer advice that may teach but there are cases where if as Forrest Gump's mother would say, "stupid is what stupid does" or something like that, I may have to scold you to get my point across.
Experience I'm proud to hold the following professional real estate designations: CRB, Council of Real Estate Brokers - CRS, Certified Residential Specialist - GRI, Graduate of the Realtors Institute and ABR, Accredited Buyers Representative. I am a member of the National Association of REALTORS, Mexican Association of REALTORS (AMPI) and the Los Cabos MLS. I own and sell waterfront properties so I can address issues related to living on the water. I represented a custom builder for many years and have sold hundreds of new homes so, fire away with your questions regarding new home construction.
I'll do my best to be straight up and help if I can or I will tell you if I can not and who to contact in that event. I am not an attorney and can not provide legal advice. If you are having a dispute with a seller or buyer who has failed to live up to the contract terms, or a tenant that is always late with paying their rent, while I may not be able to help, I may be able to offer suggestions and then who else to contact.
Please, please, please, understand that real estate law, agency and tenant rights / law differs from state to state and so I will best serve those who have problems in Virginia, Washington DC or Mexico. While I am happy to answer all questions from any one who writes me and offer advice, please understnad that in some cases, I may not be able to help you at all. Please tell me what state your property is located in, if you have a problem with commissions, discharging agents, getting out of a contract, do us both a favor, first look in your documents for the language therein and when you write me, please say that you have re-read that wording.
If you have not yet hired your agent, write me for essential questions you should ask first and save yourself a lot of time, agony, misery and possible financial unhappiness.
Question Our realtor forgot to include the home inspection contingency. What should we do? We're scheduled to close july 16th.
Answer Hello Glenda,
Contact the Broker for the office that your agent works for, that is what they are there for and if that contingency be added now, you will need their help. You can always perform the inspection though without the contingency, the Seller has no obligation to respond to any repairs outside of code violations or structural deficiency.
Even if you told me which state you are in, when the contract was written or accepted by the Seller, if your agent was also the listing agent or if this property was for sale by owner, I am sorry that I can not be of any help on this question.
In most cases, once a contract is ratified, adding contingencies is rather difficult. The Sellers willingness will be subject to the terms of negotiation between the parties regarding price, seller contribution or concessions, closing date, seller carry back on financing, pre or post occupancy agreements, personal property, etc., the Seller may or may not allow the sale to later be subject to an inspection.
What may help your case is to offer that you are only seeking major deficiencies that might cost you above a certain amount to correct and that you do not intend to 'nickel and dime' them for the little things.
Sorry, this is the best I can do as now it will be negotiation to amend the contract and I really can not be of much help - it is up to your agents Broker to get involved at this point.
