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Bad advice for my "new" client from her "former" agent

By
Real Estate Agent with OwnerLand Realty SAL2006007409

I do not understand why an agent would suggest to their client they do a whole house inspection PRIOR to making an offer on a home.

I just obtained a new client who informed me that she had fired her last agent after he told her to have the utilities put into her name and do a complete home inspection BEFORE he would even write up an offer on it.

Well, you guessed it, the REO seller of the home accepted an offer from someone else and my "new" client not only lost out on buying that house, she lost all of her money that she had paid to have it inspected.  Wow!!!

I'm grateful that I've obtained another client, but ashamed of my colleague who did not take care of her to begin with.  It puts a dark shadow on Realtors in general when someone does what her agent had done to her.

If someone can enlighten me as to why another agent would do this, feel free...

Have a great day everyone!

Lindsey Hasford
Edina Realty - Elk River, MN
Bringing you home...

Once in awhile we run across a house that is bank owned where the bank (seller) requires ALL insections done prior to purchase agreement. I tend to see more of it when it's a cash deal, but sometimes the requirement is there. Why they had to put the utilities in their name I don't know, but I would seek out and find out if it was a bank requirement. I've never had a buyer that wanted to risk the inspection prior to writing so I've never been through that far on a home, but I know that it does happen from time to time. Sorry.

Jan 03, 2010 03:41 AM
Margaret Goss
@Properties - Winnetka, IL
Chicago's North Shore & Winnetka Real Estate

Having a house inspection prior to putting in an offer does not make sense since the buyer always has the option of having the house inspection as a contingency of the offer. 

Putting the utilities in her name before owning the house?  Ridiculous.

I have no idea why the former agent would tell her these things other than ignorance.

Jan 03, 2010 03:41 AM
Michael Wayne Jackson
Coldwell Banker - Novato, CA
Broker - Seniors Real Estate Specialist Novato

Very strange Martin. Maybe that realtor had something against their own client?

Jan 03, 2010 03:45 AM
Darren Revell
Keller Williams Realty Temecula Valley - Temecula, CA

We have clients sometimes do a rush inspection prior to an offer when it is going into multiples and we have everything else completed prior to the offer going in.  Gives you a stronger negotiation edge to come in with NO subjects on the deal... The only other time we would do an inspection prior to an offer is if it was a foreclosure (in Canada) and already had an accepted offer, waiting for the court date.. that way we could go in with no subjects as it is required of the court.  

Other than that, should be in the subjects.... and the utility thing, that is just bad....

Jan 03, 2010 06:56 AM
Marty Snyder
OwnerLand Realty - Monroe, OH
PSA, SFR, SRS; Ohio Homes for Sale

Thanks to everyone for sharing their views on this subject. 

Jan 04, 2010 03:03 AM