Monday, August 26, 2013

We Love To Mess With Realtors

We love to mess with realtors.  We enjoy destroying deals.  We take pride in me calling items that are deal killers.  We plant termites in houses to sell treatments.  We just make stuff up for the fun of it.

What is this, a confession?  No.  These are things that have been said to us by realtors, lenders, buyers, and sellers.
We gently remind people, we only call items on the homes in accordance with the rules and regulations set upon us by the State of Arizona.  Remember, we go to the house, and whatever condition the house is in, we report it.  We have a simple rule at our office; if it is there, report it.  If it is not there, don't report it.  The rule is simple, but the application is tricky.  People don't like it when we report the truth!

Now with this said, what is the solution?  Several things come to mind.  Why not have the seller order and pay for a termite inspection when the house is listed?  This way, potential problems are known from the very beginning and can be addressed.  Another great idea is for realtors to get a real understanding of the termite reporting standards.  This way when you list the home, you can let the seller know this or that will need to be done.  For example, bushes touching the home.  The is an EC/PA (an earth to wood contact/plants abutting structure).  If you mention this to the seller upfront, they then can trim the bushes back a few inches.  This will reduce extra calls on the report.

Here is the bottom line:  The termite report reflects the true condition of the house.  Now, do you want to deal with it during the time crunch of financing or upfront beforehand, with time on your side?

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