The beauty of Twitter is it’s short and sweet, but sometimes because of the character limit things get condensed. So, I’m going to expand on a couple of Tweets because I just couldn’t do it Justice in 140 characters.
The devil is in the details. So, we have a closing next week and written into the contract is a love seat and sofa. We called to ensure they were still there and the agent couldn’t remember them being included so he said he’d get back to us. He finally called back and said that they weren’t going to be included because “we snuck those into the contract.” WTF?!?! This is the first time someone has told me they didn’t read the contract nor did they have their client read it. He then mentioned that he discussed it with his broker and asked how much we’d like to pay for it. Seriously, it was tough to stop my laughter, but he wasn’t kidding so we had to spend some time educating them on their obligation to protect their clients, and that includes reviewing the contracts they receive on their client’s behalf. We had to leave it at that, and let the buyers know their options which include legal action and possibly a complaint to the regulator. In any case, someone is either providing our client with a love seat and sofa or compensating them for it. To be continued…
Horizontal foundation cracks. These cracks are seldom good. In fact, every horizontal crack I have been involved with has required a substantial costly repair. Yet I constantly end up evaluating recently purchased properties that have been purchased where I find horizontal cracks. In this particular situation, neither the agent nor the inspector pointed them out even though they were plainly visible. There has only been a partial repair to date and that has cost $10k so far.
Business in Edmonton. Business in Calgary has been in publication for almost 22 years. In September, Edmonton’s very first edition of this Business to Business magazine is starting up. It includes profiles on local business people and businesses. When talking to the editor briefly he was amazed at how many multi million – billion dollar companies there are in Edmonton that fly under the radar. He is super excited to be here and doing this publication and I for one think its about time Edmonton had a magazine like we he’s talking about.
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