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Each month AR runs numerous contests as a way for our members to engage in activities
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Ask a Real Estate Question
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Sellers Flat Fee of $2995 when one of our agents sells your home or if you want MLS (where you home is available for all Real Estate Agents to sell) then the best program TODAY is $1495 to us +3 % offered to Buyers Agent for bringing the buyer. When you understand how agents work you will clearly see why we sell 94% of our homes at or above asking price and why REAL ESTATE AGENTS would rather sell our homes than anyone else’s. The Real Estate Agent gets paid more and the seller saves over 63% on average.
Charles Stallions, CRS, CSP, CBR, CDPS, SREE, EREI - 800-309-3414
Charles is a Real Estate Investor of 25 years, a Real Estate Broker for 15 years while holding several degrees in management, an expert in the buying and selling of real estate, short sales and foreclosures. Whether you’re buying your first home, second home, vacation home, investing in rentals, a kiddies’ condo for college or your dream home, buying any home is an investment in the future and you owe it to yourself to have Charles’s expertise to buy right and make the right decisions for YOU. For over the phone evaluation and NO Obligation CALL NOW! you have OPTIONS, we have FACTS, let’s TALK
Termites - Who Pays When You Are Buying a Home?Do We Really Even Need a Termite Inspection?
If a house has wood in Southern California, it usually has termites.Keeping up with the little critters can be a nuisance; and termite treatment can be a very costly endeavor.
In most cases, buyers should ask for a termite inspection and have the house treated and repaired wherever there is termite damage.Sometimes the costs can run into the thousands of dollars.
One common misconception is that a termite inspection is required by lenders for any home purchase that is financed.Not true.
A termite inspection and clearance is always required on a VA loan; however, on a conventional or FHA loan, the lender won’t necessarily request them.
Huh?What do you mean, “won’t necessarily request them”?
Well, if a termite inspection is not mentioned in the California Residential Purchase Agreement (4A1), a buyer’s lender will not ask for it.However, if it is noted in section (4A1), that either the buyer or the seller will pay for a “Wood Pest Report”, then the buyer’s lender will not only ask to see the inspection report, but will also demand to see that any termite damage has been remediated, and that means they will need to see a Termite Clearance report (also known as Termite Completion).
Why wouldn’t you want to have a termite inspection when you are buying a home?
If you are competing against other buyers on the purchase of a bank owned property, for example, you will increase your chances of getting your offer accepted if you don’t ask for the bank to pay for things that a competing cash buyer won’t ask them to cover.See my blog Cash is King (Especially if you want to buy a bank owned home)for other ideas on increasing your chances of a successful purchase of a bank owned property.
Your termite choices are:
·Ask for an inspection and request the seller to pay for Section 1 remediation.
·Ask for an inspection and offer (as the buyer) to pay for treatment costs.
·Don’t request a termite inspection in the purchase offer contract.
Even if the buyers choose not to request a termite inspection in the Residential Purchase Agreement, they can still have a termite inspector come out to the property and do a full inspection, at their cost.Then, they can decide if they need to pay for treatment, buy the home without treatment, or cancel the contract because it would cost them too much.
In most cases, it is in the buyers’ best interests to have a termite inspection and a Termite Clearance report, and to have the sellers pay for it.Sometimes, you may need to absorb those costs in order to get your offer accepted, especially if you are bidding on a bank owned property. Even if you have to pay, as a buyer, make sure you get an inspection and find out what the costs will be to kill the bugs and repair the damages.
Why Pay More To Get Less?
Charles Stallions Real Estate Services charges a flat fee of $2995 or $1495 PLUS 3% if you want to be in the MLS. What do you get? Our 27 step program. . includes print advertising in the #1 magazines, 8 or more websites for homes for sale. Open Houses, Tour Of Homes -Auction style, Lots of signage, Realtor Alerts and much more. Call 800-309-3414 for over the phone details with no obligations.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.