- This topic has 40 replies, 6 voices, and was last updated 14 years, 6 months ago by
KIBU.
-
AuthorPosts
-
December 14, 2009 at 10:31 PM #16808December 14, 2009 at 10:52 PM #494093
george
ParticipantWhen I lived in San Francisco it was common for sellers to do this. If it was an older home it removed a barrier to getting offers (if a reputable company performed the inspection). No buyer wants to make an offer on an older home, pay significant money for a pest inspection (termites, mold, dry rot, etc)and then have to walk away because the seller won’t clear the report. Seller’s agents encouraged sellers to do this so that deals were less likely to crash & burn.
December 14, 2009 at 10:52 PM #494251george
ParticipantWhen I lived in San Francisco it was common for sellers to do this. If it was an older home it removed a barrier to getting offers (if a reputable company performed the inspection). No buyer wants to make an offer on an older home, pay significant money for a pest inspection (termites, mold, dry rot, etc)and then have to walk away because the seller won’t clear the report. Seller’s agents encouraged sellers to do this so that deals were less likely to crash & burn.
December 14, 2009 at 10:52 PM #494967george
ParticipantWhen I lived in San Francisco it was common for sellers to do this. If it was an older home it removed a barrier to getting offers (if a reputable company performed the inspection). No buyer wants to make an offer on an older home, pay significant money for a pest inspection (termites, mold, dry rot, etc)and then have to walk away because the seller won’t clear the report. Seller’s agents encouraged sellers to do this so that deals were less likely to crash & burn.
December 14, 2009 at 10:52 PM #494726george
ParticipantWhen I lived in San Francisco it was common for sellers to do this. If it was an older home it removed a barrier to getting offers (if a reputable company performed the inspection). No buyer wants to make an offer on an older home, pay significant money for a pest inspection (termites, mold, dry rot, etc)and then have to walk away because the seller won’t clear the report. Seller’s agents encouraged sellers to do this so that deals were less likely to crash & burn.
December 14, 2009 at 10:52 PM #494639george
ParticipantWhen I lived in San Francisco it was common for sellers to do this. If it was an older home it removed a barrier to getting offers (if a reputable company performed the inspection). No buyer wants to make an offer on an older home, pay significant money for a pest inspection (termites, mold, dry rot, etc)and then have to walk away because the seller won’t clear the report. Seller’s agents encouraged sellers to do this so that deals were less likely to crash & burn.
December 14, 2009 at 11:14 PM #494108sdrealtor
ParticipantThe seller typically pays for the inspection (actually most companies will do them for free). I often order them beforehand to know if there is an issue and how expensive it would be to address it. As a seller you are typically asked to provide termite clearance as a condition of the sale. When you agree to do so without knowing the extent of the problem (if there is one) you are signing a blank check. It’s a good idea to do it upfront. Eliminates unpleasant surprises.
December 14, 2009 at 11:14 PM #494981sdrealtor
ParticipantThe seller typically pays for the inspection (actually most companies will do them for free). I often order them beforehand to know if there is an issue and how expensive it would be to address it. As a seller you are typically asked to provide termite clearance as a condition of the sale. When you agree to do so without knowing the extent of the problem (if there is one) you are signing a blank check. It’s a good idea to do it upfront. Eliminates unpleasant surprises.
December 14, 2009 at 11:14 PM #494266sdrealtor
ParticipantThe seller typically pays for the inspection (actually most companies will do them for free). I often order them beforehand to know if there is an issue and how expensive it would be to address it. As a seller you are typically asked to provide termite clearance as a condition of the sale. When you agree to do so without knowing the extent of the problem (if there is one) you are signing a blank check. It’s a good idea to do it upfront. Eliminates unpleasant surprises.
December 14, 2009 at 11:14 PM #494741sdrealtor
ParticipantThe seller typically pays for the inspection (actually most companies will do them for free). I often order them beforehand to know if there is an issue and how expensive it would be to address it. As a seller you are typically asked to provide termite clearance as a condition of the sale. When you agree to do so without knowing the extent of the problem (if there is one) you are signing a blank check. It’s a good idea to do it upfront. Eliminates unpleasant surprises.
December 14, 2009 at 11:14 PM #494654sdrealtor
ParticipantThe seller typically pays for the inspection (actually most companies will do them for free). I often order them beforehand to know if there is an issue and how expensive it would be to address it. As a seller you are typically asked to provide termite clearance as a condition of the sale. When you agree to do so without knowing the extent of the problem (if there is one) you are signing a blank check. It’s a good idea to do it upfront. Eliminates unpleasant surprises.
December 14, 2009 at 11:15 PM #494746SD Realtor
ParticipantNot altogether uncommon KIBU. Sometimes sellers wait until the get into escrow before they order the pest inspection. Other times they get it before hand to give the buyers additional information. Not a bad idea. If you were interested in the home and there was a copy of the the pest report sitting there when you saw the home wouldn’t you be interested in that?
Generally termite inspections are free as well. In non distress sales the seller will pay for section 1 items on the report (damages due to infestation or sign of infestation) including wood rot. Buyer will pay for section 2 items. However in some distress sales the short sale lender will not pay for termite damages. Sometimes REO lenders don’t as well but most of the time they will.
December 14, 2009 at 11:15 PM #494987SD Realtor
ParticipantNot altogether uncommon KIBU. Sometimes sellers wait until the get into escrow before they order the pest inspection. Other times they get it before hand to give the buyers additional information. Not a bad idea. If you were interested in the home and there was a copy of the the pest report sitting there when you saw the home wouldn’t you be interested in that?
Generally termite inspections are free as well. In non distress sales the seller will pay for section 1 items on the report (damages due to infestation or sign of infestation) including wood rot. Buyer will pay for section 2 items. However in some distress sales the short sale lender will not pay for termite damages. Sometimes REO lenders don’t as well but most of the time they will.
December 14, 2009 at 11:15 PM #494659SD Realtor
ParticipantNot altogether uncommon KIBU. Sometimes sellers wait until the get into escrow before they order the pest inspection. Other times they get it before hand to give the buyers additional information. Not a bad idea. If you were interested in the home and there was a copy of the the pest report sitting there when you saw the home wouldn’t you be interested in that?
Generally termite inspections are free as well. In non distress sales the seller will pay for section 1 items on the report (damages due to infestation or sign of infestation) including wood rot. Buyer will pay for section 2 items. However in some distress sales the short sale lender will not pay for termite damages. Sometimes REO lenders don’t as well but most of the time they will.
December 14, 2009 at 11:15 PM #494271SD Realtor
ParticipantNot altogether uncommon KIBU. Sometimes sellers wait until the get into escrow before they order the pest inspection. Other times they get it before hand to give the buyers additional information. Not a bad idea. If you were interested in the home and there was a copy of the the pest report sitting there when you saw the home wouldn’t you be interested in that?
Generally termite inspections are free as well. In non distress sales the seller will pay for section 1 items on the report (damages due to infestation or sign of infestation) including wood rot. Buyer will pay for section 2 items. However in some distress sales the short sale lender will not pay for termite damages. Sometimes REO lenders don’t as well but most of the time they will.
-
AuthorPosts
- You must be logged in to reply to this topic.