This morning I brought into the office my client's pet. Today we schedule the Termite Fumigation on my seller's property. Due to the fumigation the home has to be vacant for at least four hours before anyone can go in. My client could not find anyone to look after "Blackie" during those four hours so I brought him in to sell homes with me.
Depending on the purchase offer and negotiations prior to opening escrow, the seller usually pays for the Termite work and fumigation. However I am noticing that is not the case when buying Foreclose or Short Sale homes. These banks are selling the properties "AS IS" with no Termite work done.
Why Termite Inspections Are Required
In order to purchase a home, lenders require an official Wood Destroying Insect Inspection on government loans such as FHA and VA loans. The inspection is not required on conventional loans unless the appraiser notes there is wood-to-earth contact. The lender is trying to determine whether the property is structurally sound. Since termites and other wood-destroying insects and organisms can cause thousands of dollars in damage, the lender wants to make sure that the property is in a condition worthy to finance. No matter the age of the property, you may be required to have a termite inspection performed. On a newer home especially, it may seem an unnecessary inspection, but it is more important than you might realize. Even a new house can be attacked by termites within days of completion. A professionally conducted termite inspection can make or break a transaction and can give valuable insight into the condition of a property.
What Is A Termite Inspection?
A termite inspection is a visual inspection performed by a professional. And while the inspection is commonly termed as a "Termite Inspection," it is in actuality a "Structural Pest Control Inspection." This is because the professional examines the easily accessible areas of a property looking for evidence of all wood-destroying organisms and insects. The inspector will look at the entire interior of a home, including any basements or crawlspaces. In certain regions, the inspector may access the attic and examine the area for Drywood termites. The exterior of the home will also be inspected.
Check out Tina McAllister, Yahoo! Contributor Network article to learn more about Termite Inspections.
As promise, I am bringing to you actual photos that listing agents have used to list their client's listings. Still can not believe the seller actually gave them permission to list with such marketing photos. Let me know what ya'll think about these!.....
Selling a Home and a Business
"Pick one any one! What is your favorite team? Don't worry I got your baseball cap. Oh by the way I am also selling this Orange color home. Hosting an open house right now if you want to preview it."
NO wonder this listing expire. This was the only photo the listing agent had on the MLS profile and without any marketing remarks. I just can not believe the seller allow this agent to sell this home with such Marketing initiative. Oh it was in the market for over 347 days.
"Not only will you be purchasing a 3 Bedroom - 2 Bath home but also a side business. No need to commute just wake up and start making money. Enough shade to protect your inventory. The busy street will definitely bring in plenty of clientele."
I started laughing when I saw this one, but the property is actually right now in Escrow. It is a probate sale that has been in the market for over 302 days.
In my business I am constantly looking at properties for clients. As I search for these properties I've come across listing photos that amaze me. I am not talking about those great professional photos, the ones with great lighting, with staged rooms and which are strategically taken. I am referring to the listing photos which have no place when selling a home. "What was this listing agent thinking about" is what comes to my mind when I see these photos. For the past months I've compile a group of photos which I will place in this blog every week. Personally I think they are funny, let me know what y'all think.
Great for Entertainment!
1. This photo is the one that started my collection of ridiculous listing photos. I realized most of our inventory is compromised of foreclosures and short sales and sometimes those homes are not able to be finance due to their condition, but at least take off the empty beer bottles before you post the picture.
Updated Bathroom, .... Not!
2. Did you not see the urine in the toilet before you took the picture? Ok let's say the toilet is not serviceable, the least you can do is close the lid. Remember this is an actual listing photo.
3. This was the only photo the listing agent posted to sell the home. The mutt did not like the idea, just look at his face. I don't think he or she liked the idea the home was on sale!