The Difference Between "New" and "Newer" Helps to Keep You Safe

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Real Estate in Costa Rica

Dear Sellers:  The Difference Between “New” and “Newer” Helps to Keep You Safe and Out of Trouble

 

This post is based upon some observations over the years reading through the many listings on the multiple listing service(MLS) I've seen and shown to my buyers.   It may seem like semantics but it’s much more than that -- it's really quite valuable.

So, Dear Sellers -- There is a difference between “new” and “newer”.   I use that distinction to keep you safe and out of trouble.   Trouble, you say?   Trouble, indeed.

As we review the paperwork to list your home, you’ll notice I ask many(okay, lots of) questions.   Disclosure -- excuse me --- let me correct this proper disclosure is crucial.   You may tell me the roof on your home is new as you answer questions on the Transfer Disclosure Statement(TDS).  New?   Is it being installed as we speak?  What is the definition of new?   You see the difference between new and newer seems trivial but it’s not.

This past week I was showing property to a buyer --- new air conditioning, new heating system, new roof, new bath -- all there on the MLS print-out in black and white.

You know what?   It’s 2012 and the new air conditioning and heating system were replaced in 2011(sorry, that’s not new), the new roof(2010, nope) and the new master bath was actually remodeled and in 2000 -- over ten years ago!  Sure you may consider it new compared to the circa 1935 property -- but it is not new.

So this is how I would address it --- seller states master bath remodeled 2000, seller states composition roof replaced in 2010....you get the gist, right?

How does this keep you safe - and out of trouble?   In these litigious times, it’s always best to cross the “T”s and dot the “I”s.   We cite the source of our information.  We tell buyers to verify all information.   We disclose everything we know.  What will Mrs Kravitz(the nosy neighbor from the old television series “Bewitched”) tell the happy new homeowners as the moving truck dashes off after making their delivery?   

You see there is a difference between new and newer.  It’s quite important and that distinction can help keep you safe and out of trouble.     Would you like to know more?   Contact Realtor Michael Jacobs at 818.516.4393 cell or michaeljacobs@coldwellbanker.com for real estate representation in Pasadena and the San Gabriel Valley or the Northeast Foothill communities within the city of Los Angeles.    

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular:  818.516.4393

Office:  626.685.5246

Office Fax:  626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs