Real Estate Investing Forums

Real Estate Investing => Rehabbing, Fix and Flip, Rental Properties => Topic started by: IRO on February 08, 2019, 12:22:16 am

Title: pest control inspection conflict of interest
Post by: IRO on February 08, 2019, 12:22:16 am
Hey everybody!
I am selling a house. I would like to get owner occupied interest on this one to get full market value.
The pest report has come back with a few items, some seem reasonable, some seem fabricated in the name of making money.
Should I get more than one pest report? Should I forget it and let prospective buyers worry about their own reports? What are the chances that this could fall out of escrow or get delayed in underwriting?
Title: Re: pest control inspection conflict of interest
Post by: javipa on February 08, 2019, 12:33:44 am
The issue now is 'you're now aware of pest issues.'  Now, you can't claim ignorance.

I try to have the buyer perform his own inspections.  He won't believe the ones I pay for anyway.  So, why bother?  Of course, everything's negotiable, as far as who pays and/or orders the reports.
Title: Re: pest control inspection conflict of interest
Post by: ReedG on February 08, 2019, 04:07:35 am
Totally agree. In my experience, the buyer has never believed the pieces of paper that I showed him.
Title: Re: pest control inspection conflict of interest
Post by: floragscott19 on April 02, 2019, 06:21:30 am
Get one more! Or else, leave it on the buyer. As long as it is a huge maintenance issue, there are no chances of an escrow or delay in underwriting.