Reasons why listing agent ordered termite report before mls listing?

[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.

[urbanrealtor]

[quote=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[/quote]
I will try to add without being reiterative of the other agents.

When I represent buyers, the seller generally pays for the inspection or the clearance (meaning inspection plus repairs).

If you order an inspection ahead of time, then as a seller you know what repairs are needed and so does the buyer.
This eliminates a large amount of the unknowns for a seller figuring out what he will net with an offer.
In this way, it helps a seller better evaluate the offers he receives.
If it is a short sale or REO, then (which are typically “as-is”) then it helps the buyer determine whether or not this purchase is worth pursuing.

Also, generally termite inspectors cost less than $100 and bill out of closing (which means you don’t have to pay them to come out unless the sale actually happens).

So it has a few upsides and not much downside.

[urbanrealtor]

[quote=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[/quote]
I will try to add without being reiterative of the other agents.

When I represent buyers, the seller generally pays for the inspection or the clearance (meaning inspection plus repairs).

If you order an inspection ahead of time, then as a seller you know what repairs are needed and so does the buyer.
This eliminates a large amount of the unknowns for a seller figuring out what he will net with an offer.
In this way, it helps a seller better evaluate the offers he receives.
If it is a short sale or REO, then (which are typically “as-is”) then it helps the buyer determine whether or not this purchase is worth pursuing.

Also, generally termite inspectors cost less than $100 and bill out of closing (which means you don’t have to pay them to come out unless the sale actually happens).

So it has a few upsides and not much downside.

[urbanrealtor]

[quote=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[/quote]
I will try to add without being reiterative of the other agents.

When I represent buyers, the seller generally pays for the inspection or the clearance (meaning inspection plus repairs).

If you order an inspection ahead of time, then as a seller you know what repairs are needed and so does the buyer.
This eliminates a large amount of the unknowns for a seller figuring out what he will net with an offer.
In this way, it helps a seller better evaluate the offers he receives.
If it is a short sale or REO, then (which are typically “as-is”) then it helps the buyer determine whether or not this purchase is worth pursuing.

Also, generally termite inspectors cost less than $100 and bill out of closing (which means you don’t have to pay them to come out unless the sale actually happens).

So it has a few upsides and not much downside.

[urbanrealtor]

[quote=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[/quote]
I will try to add without being reiterative of the other agents.

When I represent buyers, the seller generally pays for the inspection or the clearance (meaning inspection plus repairs).

If you order an inspection ahead of time, then as a seller you know what repairs are needed and so does the buyer.
This eliminates a large amount of the unknowns for a seller figuring out what he will net with an offer.
In this way, it helps a seller better evaluate the offers he receives.
If it is a short sale or REO, then (which are typically “as-is”) then it helps the buyer determine whether or not this purchase is worth pursuing.

Also, generally termite inspectors cost less than $100 and bill out of closing (which means you don’t have to pay them to come out unless the sale actually happens).

So it has a few upsides and not much downside.

[urbanrealtor]

[quote=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[/quote]
I will try to add without being reiterative of the other agents.

When I represent buyers, the seller generally pays for the inspection or the clearance (meaning inspection plus repairs).

If you order an inspection ahead of time, then as a seller you know what repairs are needed and so does the buyer.
This eliminates a large amount of the unknowns for a seller figuring out what he will net with an offer.
In this way, it helps a seller better evaluate the offers he receives.
If it is a short sale or REO, then (which are typically “as-is”) then it helps the buyer determine whether or not this purchase is worth pursuing.

Also, generally termite inspectors cost less than $100 and bill out of closing (which means you don’t have to pay them to come out unless the sale actually happens).

So it has a few upsides and not much downside.

[ucodegen]

Could you guess for some reasons why a listing agent would order termite report before mls listing?

Chiming in here. Both SD Realtor/sdrealtor/urbanrealtor are right.

Basically as a seller, you want the inspection done before MLS listing because it will give you time to remediate/fix any problem before the property goes to listing.

Inspection immediately after listing is a very bad time to try to do this because the first few weeks of a listing are critical (don’t forget DOM). Trying to do inspection/remediation while MLS listed and having Realtors trying to visit the property is not a successful way to get the property sold. (ie: imagine having a Realtor coming to show the house.. and it is tented for termite fumigation).

Doing the inspection after sale, risks the sale. The buyer will probably make the sale contingent on the needed inspections (if they even want to deal with the potential risk of the property failing inspection). If these don’t pass, you may loose the sale or the buyer may want a price adjustment.

Besides: doing it ahead of the MLS demonstrates to a buyer that the seller is really ready for a sale and is prepared.

Seller is generally expected to have all permits and inspections done. Not having them done can seriously impact the selling price of the house (due to buyer pricing in ‘unknowns’).

[ucodegen]

Could you guess for some reasons why a listing agent would order termite report before mls listing?

Chiming in here. Both SD Realtor/sdrealtor/urbanrealtor are right.

Basically as a seller, you want the inspection done before MLS listing because it will give you time to remediate/fix any problem before the property goes to listing.

Inspection immediately after listing is a very bad time to try to do this because the first few weeks of a listing are critical (don’t forget DOM). Trying to do inspection/remediation while MLS listed and having Realtors trying to visit the property is not a successful way to get the property sold. (ie: imagine having a Realtor coming to show the house.. and it is tented for termite fumigation).

Doing the inspection after sale, risks the sale. The buyer will probably make the sale contingent on the needed inspections (if they even want to deal with the potential risk of the property failing inspection). If these don’t pass, you may loose the sale or the buyer may want a price adjustment.

Besides: doing it ahead of the MLS demonstrates to a buyer that the seller is really ready for a sale and is prepared.

Seller is generally expected to have all permits and inspections done. Not having them done can seriously impact the selling price of the house (due to buyer pricing in ‘unknowns’).

[ucodegen]

Could you guess for some reasons why a listing agent would order termite report before mls listing?

Chiming in here. Both SD Realtor/sdrealtor/urbanrealtor are right.

Basically as a seller, you want the inspection done before MLS listing because it will give you time to remediate/fix any problem before the property goes to listing.

Inspection immediately after listing is a very bad time to try to do this because the first few weeks of a listing are critical (don’t forget DOM). Trying to do inspection/remediation while MLS listed and having Realtors trying to visit the property is not a successful way to get the property sold. (ie: imagine having a Realtor coming to show the house.. and it is tented for termite fumigation).

Doing the inspection after sale, risks the sale. The buyer will probably make the sale contingent on the needed inspections (if they even want to deal with the potential risk of the property failing inspection). If these don’t pass, you may loose the sale or the buyer may want a price adjustment.

Besides: doing it ahead of the MLS demonstrates to a buyer that the seller is really ready for a sale and is prepared.

Seller is generally expected to have all permits and inspections done. Not having them done can seriously impact the selling price of the house (due to buyer pricing in ‘unknowns’).

[ucodegen]

Could you guess for some reasons why a listing agent would order termite report before mls listing?

Chiming in here. Both SD Realtor/sdrealtor/urbanrealtor are right.

Basically as a seller, you want the inspection done before MLS listing because it will give you time to remediate/fix any problem before the property goes to listing.

Inspection immediately after listing is a very bad time to try to do this because the first few weeks of a listing are critical (don’t forget DOM). Trying to do inspection/remediation while MLS listed and having Realtors trying to visit the property is not a successful way to get the property sold. (ie: imagine having a Realtor coming to show the house.. and it is tented for termite fumigation).

Doing the inspection after sale, risks the sale. The buyer will probably make the sale contingent on the needed inspections (if they even want to deal with the potential risk of the property failing inspection). If these don’t pass, you may loose the sale or the buyer may want a price adjustment.

Besides: doing it ahead of the MLS demonstrates to a buyer that the seller is really ready for a sale and is prepared.

Seller is generally expected to have all permits and inspections done. Not having them done can seriously impact the selling price of the house (due to buyer pricing in ‘unknowns’).

[ucodegen]

Could you guess for some reasons why a listing agent would order termite report before mls listing?

Chiming in here. Both SD Realtor/sdrealtor/urbanrealtor are right.

Basically as a seller, you want the inspection done before MLS listing because it will give you time to remediate/fix any problem before the property goes to listing.

Inspection immediately after listing is a very bad time to try to do this because the first few weeks of a listing are critical (don’t forget DOM). Trying to do inspection/remediation while MLS listed and having Realtors trying to visit the property is not a successful way to get the property sold. (ie: imagine having a Realtor coming to show the house.. and it is tented for termite fumigation).

Doing the inspection after sale, risks the sale. The buyer will probably make the sale contingent on the needed inspections (if they even want to deal with the potential risk of the property failing inspection). If these don’t pass, you may loose the sale or the buyer may want a price adjustment.

Besides: doing it ahead of the MLS demonstrates to a buyer that the seller is really ready for a sale and is prepared.

Seller is generally expected to have all permits and inspections done. Not having them done can seriously impact the selling price of the house (due to buyer pricing in ‘unknowns’).

[KIBU]

Thank you all for your helpful responses.

What really suprised me is how supper simple the termite report is. Mine has:

1. A sketch of a square box, didn’t even indicate if they looked both upstair and downstair, just a square box.

2. Has the name of the inspector, license number, but next to it, no signature (maybe because they couldn’t pull the electronic signature out?), should I be alarmed?

I will call the termite company tomorrow to ask them but since I didn’t order the termite report, I wonder if the termite company will answer me. Will let you know. In the mean time, anyone alarmed by item 1 and 2 above ???

[KIBU]

Thank you all for your helpful responses.

What really suprised me is how supper simple the termite report is. Mine has:

1. A sketch of a square box, didn’t even indicate if they looked both upstair and downstair, just a square box.

2. Has the name of the inspector, license number, but next to it, no signature (maybe because they couldn’t pull the electronic signature out?), should I be alarmed?

I will call the termite company tomorrow to ask them but since I didn’t order the termite report, I wonder if the termite company will answer me. Will let you know. In the mean time, anyone alarmed by item 1 and 2 above ???

[KIBU]

Thank you all for your helpful responses.

What really suprised me is how supper simple the termite report is. Mine has:

1. A sketch of a square box, didn’t even indicate if they looked both upstair and downstair, just a square box.

2. Has the name of the inspector, license number, but next to it, no signature (maybe because they couldn’t pull the electronic signature out?), should I be alarmed?

I will call the termite company tomorrow to ask them but since I didn’t order the termite report, I wonder if the termite company will answer me. Will let you know. In the mean time, anyone alarmed by item 1 and 2 above ???

[KIBU]

Thank you all for your helpful responses.

What really suprised me is how supper simple the termite report is. Mine has:

1. A sketch of a square box, didn’t even indicate if they looked both upstair and downstair, just a square box.

2. Has the name of the inspector, license number, but next to it, no signature (maybe because they couldn’t pull the electronic signature out?), should I be alarmed?

I will call the termite company tomorrow to ask them but since I didn’t order the termite report, I wonder if the termite company will answer me. Will let you know. In the mean time, anyone alarmed by item 1 and 2 above ???

[Author]

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