Excellent Care from Duffy Realty when Buying and Selling

My wife and I closed on our dream house yesterday, after a long but successful short sale! I’ve used Duffy Realty several times before to sell a house with great results. This past spring, my wife and I decided now was a great time to start looking for a larger and newer home, given the buyer’s market (in terms of price and interest rates). Looking through the internet, we stumbled across a house that we wanted to see….NOW! Lesa from Duffy met us the next day, we liked the house, so she put us in touch with Justin Trotter. Justin walked us through putting together the offer, which was somewhat more complicated than normal since the house was a potential short-sale. Justin took care to make sure we were well protected in the contract, and worked with the seller’s agent to make sure we all clearly understood the terms that we were agreeing to. Then the fun began….

Over the next several months, Justin was extremely diligent in following up with both the seller’s realtor and my wife and I EVERY week, so that we knew of any status changes. The purchase was dragging on and on, but Justin stuck with us. After many months (5) of waiting on the seller’s bank, we finally received an approval for the short-sale! We then went through a lot of hurdles with my lender, which made the race to the finish line very complicated and nerve racking. Throughout all it, though, Justin was very professional, and kept in communication with me and my wife, the seller’s agent, and even my mortgage broker, to help bring everything to a successful closing.

As of today, we’re the ecstatic new owner’s of a fantastic house, that we bought for a fantastic deal…and it wouldn’t have happened with Justin and Duffy Realty’s help.

Thanks Justin!

Buyer Cash Bonus for Buying a Home

I have used Duffy Realty and Debbie Langford several times now and will use her for any home purchases in the future. Debbie has went above and beyond on my recent purchase of a bank-owned foreclosure. We were supposed to close back in May and the bank that owns the property couldn’t give us the deed and actually close until October! There was damage to the property in the meantime. Debbie helped me in every step to get the price reduced for the damages and to get the bank to finally sell this to me. She gave wonderful advice throughout the process and I don’t know that we could have finally closed without her. She followed up religiously with the seller’s agent and came up with ideas to help move things. I’m looking forward to my buyer bonus cash, however I don’t feel I got any less service than a traditional agent. In fact, I may received better service than I have from another agent I used years ago. I highly recommend Duffy realty and Debbie Langford! On a side note, I’ve used Duffy to sell a home as well and I think the entire concept of the flat fee listing makes so much more sense in today’s internet based real estate market. Thanks to everyone at Duffy!

Nicole Greer

Top 10 Blunders that could cost you when purchasing a home.

Blunder #1 – Trying to time the market to buy or refuse to buy.

There no accurate prediction when it is the right time to buy a home. If you got lender approval and ready for home ownership, then do it. All the time waiting to time the market, you could be building equity, getting tax deductions and reaping the other advantages of owning your own home.Continue reading

How to Use a Video Tape During a Punch List in New Construction

When you purchase a new home, you do a punch list with the builder noting paint, sheetrock, trim and other items that need to be repaired before closing. You as the buyer and the builder (via his superintendent) will sign a list of things to be done between this time and closing, and unfortunately sometimes after closing.

There are a couple of tips that you, as a buyer, need to know:

1. Make sure that as you are pointing these things out that you and/or your agent are also writing a list. You will be surprised to find that the superintendent looks like they are writing, but for some reason not all of the items are on the final list? At the end of your comparison, you sign the list, the superintendent signs the list and you take a copy of the punch list.

2. You will be marking paint problems, sheetrock issues and trim that needs to be repaired with blue painter’s tape. The superintendent will tell you several times that they have a rule for you to stand back 6 feet and see what you can find. Don’t do that. Get up close and demand that your home, no matter what price range, is done to your satisfaction. Ignore them when they tell you that the home is not going to be perfect. This is just their b.s.

Now, here is where the rub comes in, the blue tape items are not added to the punch list. So, after you make your marks with the blue tape for the painters to come back, make sure that you video where the blue tape is. I use a Flip camera. Flip cameras load directly to You Tube or AOL and/or my laptop directly and then I am able to take my laptop with the video to the house on the final walk-through. Make sure that the superintendent sees you video the house and that you are giving a narrative about where you are. Also, on your video, make sure that you state that you are at the punch list and give the date. This will be helpful if you find yourself in a legal dispute over anything with the builder in the future.

3. During the final walk-through 1-day before closing, use your list to see the results of the work that needed to be done. You should also view your video. Don’t be surprised if the painters took the tape off and did not do the work. That is where your video comes in.

4. If things are not done on the punch list and you are prepared to close, hold money in escrow from the builder along with a per diem rate that you will be paid if the work is not done in a timely manner. Have this written on an amendment and do not close until the builder signs this document.

Don’t be afraid to push on these folks. Builders have gotten away with shoddy work in the past because real estate agents want the deal to close smoothly and they don’t say anything combined with a very emotional buyer who is absorbed in the negative state of moving. It is very obvious to me when I listing a home that the seller bought new, and there was shoddy punch list.

Punch List Video Traps Builder Removing Blue Tape Without Doing the Work

Punch List Video Traps Builder Removing Blue Tape Without Doing the Work

When you purchase a new home, you do a punch list with the builder noting paint, sheetrock, trim and other items that need to be repaired before closing. You as the buyer and the builder (via his superintendent) will sign a list of things to be done between this time and closing, and unfortunately sometimes after closing.

There are a couple of tips that you, as a buyer, need to know:

1. Make sure that as you are pointing these things out that you and/or your agent are also writing a list. You will be surprised to find that the superintendent looks like they are writing, but for some reason not all of the items are on the final list? At the end of your comparison, you sign the list, the superintendent signs the list and you take a copy of the punch list.

2. You will be marking paint problems, sheet rock issues and trim that needs to be repaired with blue painter’s tape. The superintendent will tell you several times that they have a rule for you to stand back 6 feet and see what you can find. Don’t do that. Get up close and demand that your home, no matter what price range, is done to your satisfaction. Ignore them when they tell you that the home is not going to be perfect. This is just their b.s.

Now, here is where the rub comes in, the blue tape items are not added to the punch list. So, after you make your marks with the blue tape for the painters to come back, make sure that you video where the blue tape is. I use a Flip camera. Flip cameras load directly to You Tube or AOL and/or my laptop directly and then I am able to take my laptop with the video to the house on the final walk-through. Make sure that the superintendent sees you video the house and that you are giving a narrative about where you are. Also, on your video, make sure that you state that you are at the punch list and give the date. This will be helpful if you find yourself in a legal dispute over anything with the builder in the future.

3. During the final walk-through 1-day before closing, use your list to see the results of the work that needed to be done. You should also view your video. Don’t be surprised if the painters took the tape off and did not do the work. That is where your video comes in.

4. If things are not done on the punch list and you are prepared to close, hold money in escrow from the builder along with a per diem rate that you will be paid if the work is not done in a timely manner. Have this written on an amendment and do not close until the builder signs this document.

Don’t be afraid to push on these folks. Builders have gotten away with shoddy work in the past because real estate agents want the deal to close smoothly and they don’t say anything combined with a very emotional buyer who is absorbed in the negative state of moving.

It is very obvious to me when I listing a home that the seller bought new, and there was shoddy punch list or the list was non-existent.