DIYbanter - View Single Post - Regulations Governing Underground Home Heating Oil Tanks

dpb

zzzzzzzzzz wrote:
....

Again, the listing agent *always* works for the seller. There is no other way
that works.

The listing agent _still_ may be a dual-party agent in some states.
Again, whether that's allowed in RI depends on RI law which I don't
have. There are, whether you're aware of it or not, states where that
_IS_ allowed.

There's incentive to close a deal quickly and get on to the next one
that doesn't bode well for getting the highest possible dollar for the
seller even if listing agent.

....

If the seller doesn't buckle under, the sale is off. Can happen, sure. With
minor issues it can be split because they can be done after the sale, or not
at all (buyer's choice). In this case there is no sale if the bank or
insurance company balk.

Depends on how badly the buyer wants the house; one doesn't necessarily
know that of course but oftentimes the individual making the offer is
quite involved w/ the idea of "this" house once have committed to the
initial offer.

As for whether there's a problem getting loan or not, even if so it's
certainly possible to negotiate between the two parties how much to pick
up by each party.

Again, if it is a very widespread conversion in RI perhaps it is
essentially a cost of making a sale there; I'm still having difficulty
believing that is really so simply on the basis of such a prevalence of
oil heating. But, if it is so, it is and the OP should be able to
determine that.

I'm not saying one way or the other about what is/isn't the actual
situation in RI; only that I'd not as seller simply take the word of
prospective buyers who are looking to make the best deal for themselves
they can.

Well, duh!

Well, all I was doing was pointing out that the OP needs to do the
homework suggested rather than take the word of a party who obviously
wasn't on his side as a friend of the potential seller as it sounded as
if was. If it turns out the friend needs to go ahead and bite the
bullet so be it but at least know have made a reasonable decision rather
than being ramrodded into something.

And, of course, it also depends on just how badly they need to sell--if
there's duress involved that's a factor that we don't have any way of
knowing anything about.

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