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Rainer
216,904
Sharon Altier
Coldwell Banker Realty - Elmhurst, IL
Luxury Property Specialist, CSC, SFR

No.  Too many downsides.  Nothing wrong with disclosing issues and offering "x" credit toward repairs. 

Jul 26, 2015 11:21 AM
Rainmaker
7,783,544
Roy Kelley
Retired - Gaithersburg, MD

No. I would not lend money for repairs. I would introduce then to a contractor who would offer a deferred payment.

Jul 26, 2015 07:08 AM
Rainmaker
875,922
Debra Leisek
Bay Realty,Inc Homer Alaska - Homer, AK

No I would not...  neither a lender or a borrower be.... this would be a particularly bad situation to create this kind of relationship with a client.. reduce the price and sell as is...  people are always looking for fixer uppers!

Jul 26, 2015 06:08 AM
Rainmaker
5,583,167
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

no...no....no...no...and absolutely not.....

Jul 26, 2015 05:57 AM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

No way. Not at all. Nope. 

Anything can happen, and the house may not get sold. If there's no money now, there may not be any later, too. 

Jul 26, 2015 11:45 AM
Rainmaker
1,683,762
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Absolutely NOT!

Jul 26, 2015 11:34 AM
Rainmaker
443,220
Cindy Davis
SD Home Source Realty - San Diego, CA

Golly no. It's not even allowed!!! :)

Jul 26, 2015 11:31 AM
Rainmaker
1,657,986
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

No.

Jul 26, 2015 11:10 AM
Rainmaker
3,415,644
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

NO, because there is never a guarantee a home will sell and i would get it back. I provide tips and when it comes to work, we can price the home accordingly. 

Jul 26, 2015 09:07 AM
Ambassador
2,157,428
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

No, I would try to be of help otherwise but I am not a lender.

Jul 26, 2015 08:50 AM
Rainmaker
907,978
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

No, but I might help them do some minor repairs. Also would have to weigh cost of needed repairs vs reducing list price.

Jul 26, 2015 08:47 AM
Rainmaker
1,771,867
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

No I would not, I may ask to borrow money myself Debbie.

Jul 26, 2015 08:19 AM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Debbie Reynolds No I wouldn't.

Jul 26, 2015 07:38 AM
Rainmaker
5,772,353
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

NO, NO, EMPHATIC, NO.

What I would suggest is that seller finds out what the costs would be to do those improvements, and subtract them from the value if the home was updated and list it at this price.  

A

Jul 26, 2015 06:43 AM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Debbie Reynolds depends how close relationship you have with the seller. For just ANY seller, my answer will be 'NO'!

Jul 26, 2015 06:36 AM
Ambassador
1,445,319
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

Absolutely not.  I've never been asked and I hope I never will be!

Jul 26, 2015 06:13 AM
Rainmaker
400,356
Jill Murty, Realtor - Orange County, CA
Movoto - Laguna Niguel, CA

We recently offered to front the funds to get some work done on a listing.  I'd already done a couple of transactions with this client and he has become a friend.

The seller was kind of of blown away that we offered to assist.  The offer was paired with an agreement to repay, of course.  I had no doubt the property would sell, but the seller was nervous about it.

The painter agreed to be paid through escrow.  I advanced upfront HOA fees.  There are three HOA's and the combined doc fees were $880.00.  I also advanced funds for the cleaning lady.  The seller paid for the handyman and carpet cleaning.

Jul 26, 2015 06:13 AM
Rainmaker
3,986,196
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Depends on how much, what for and the kind of agreement we have in listing the home.    I would also look at some kind of personal property I could use as collateral.

Jul 26, 2015 05:40 AM
Rainmaker
459,656
Katina Hargrove 352-551-0308
Stake Your Land Realty, Inc. - Eustis, FL
Broker/Owner, SFR®, e-PRO®, GRI, AHWD, REALTOR®

Definitely NO Selling "AS IS" with the right to inspect.

Jul 31, 2015 10:27 PM
Rainmaker
4,550,037
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

No. Nyet.  Nada. 

Jul 27, 2015 01:48 AM
Rainer
334,783
Linda Metallo DiBenardo
RE/MAX Impact, Lockport, Illinois - Lockport, IL

No! Just price the home accordingly.

Jul 27, 2015 01:26 AM
Rainmaker
659,119
Pat & Wayne Harriman
Harriman Real Estate, LLC (203) 672-4499 - Wallingford, CT
Broker/Owners, Wallingford CT Real Estate

Yes I would...if I was a legally operating lending institution. As his REALTOR? NO.

Jul 27, 2015 01:15 AM
Rainer
384,519
Paul Durry
Collateral Specialist Inc - Lawton, OK
Former Broker Associate, CDPE, CIAS, CHMS

No I would not! I would suggest they either sell the property AS IS or give credit for repairs needed.

 

Jul 27, 2015 12:05 AM
Rainmaker
1,236,920
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Ask the contractors to get paid after escrow.

Jul 26, 2015 11:32 PM
Rainer
272,937
Richard Robibero, e-Pro, ABR, SRS
Panorama R.E. Limited - Toronto, ON
Selling Your Home as if it were My Own!

Not exactly. I have fronted repairs with the verbal agreement that the items would be paid for by the Seller (she was a dentist) immediately afterwards. Everything worked out well.

 

Jul 26, 2015 10:56 PM
Rainmaker
1,712,551
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

No, and in 26 years I have never had that as an issue.

Jul 26, 2015 10:07 PM
Rainmaker
1,390,113
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

Not a chance. But I would help them arrange a home equity loan or find a contractor that would accept payment at the time of sale.

Jul 26, 2015 09:27 PM
Rainmaker
4,969,075
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Absolutely NOT! Two routes to go: There are contractors with deferred payment plans (As Roy Kelley suggested) or get bids on the repairs and reduce the list price by that amount (I have done this in the past).

Jul 26, 2015 08:38 PM
Rainmaker
1,157,785
FN LN
Toronto, ON

No, I am not in the lending for repairs business.

Jul 26, 2015 08:33 PM
Rainmaker
221,286
Richard and Jean Murphy
Harborview Properties - Portland, ME
(207) 712-4796

No. I would disclose the shortcoming on the disclosures and take that into consideration when pricing the property.

Jul 26, 2015 08:17 PM
Rainmaker
2,538,633
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Debbie. It would depend on the relationship I had with the seller.

Jul 26, 2015 07:46 PM
Rainmaker
2,759,787
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good Monday morning Debbie. It seems as if most of the folks have responded with a no. Why would you? Why would you even want to?

Jul 26, 2015 07:01 PM
Rainmaker
979,296
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Debbie - I would not lend a seller money to fix repairs to their home prior to selling. I would recommend what Ron and Alexandra Seigel mentioned.

Jul 26, 2015 04:02 PM
Rainmaker
3,340,393
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

No....if you think the time on the market is relatively short...and you trust the Seller...you may be able to get contractors to be paid at closing OR put on the Sellers' credit card to be paid off at closing.

Jul 26, 2015 01:52 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Not a good idea. I can see the writing on the wall.

Jul 26, 2015 12:18 PM