Reasons why listing agent ordered termite report before mls listing?

[KIBU]

Hi SDR, sdrealtor, and urbanrealtor,

Could you guess for some reasons why a listing agent would order termite report before mls listing? Do you order these report before hand? I thought that they want the buyer to pay for these and wouldn’t bother paying for the termite report, what are incentives for them to do the report then??

Thank you for your answers.

kibu

[george]

When 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.

[george]

When 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.

[george]

When 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.

[george]

When 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.

[george]

When 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.

[sdrealtor]

The 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.

[sdrealtor]

The 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.

[sdrealtor]

The 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.

[sdrealtor]

The 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.

[sdrealtor]

The 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.

[SD Realtor]

Not 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.

[SD Realtor]

Not 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.

[SD Realtor]

Not 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.

[SD Realtor]

Not 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.

[Author]

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