Top 10 Real Estate Myths - Septic Inspections

Real Estate Agent with Keller Williams Realty

Top 10 Real Estate Myths
Septic Inspections

Top 10 Real Estate Myths

1. Oftentimes it is necessary for buyer's Home Inspector to poke holes in walls, dig up around foundation, pull up flooring, remove ceiling tiles, and even remove underlaying insulation in attic - in order to perform his duties properly.

2. Homes with more than 25 acres can deduct on taxes (per Form 1048-F) the land, less 5 acres for homesite - claiming running agricultural concern.

3. Pulling land out of conservation easements is relatively easy, but buyer would need to pay State a 20% land-use-change levy upon successful transfer of ownership.

4. Buyer agency fees are paid by seller. However, it is customary in Virginia to offer an additional "Good Service and Merit" fee to Broker upon transaction close - (usually 1.5% of contract sales price).

5. Buyers can save HUGE amounts of money by foregoing septic inspections - since, afterall, they have very few working (breakable) parts and are just big holes in the ground where poop goes to breakdown.

Sponsored By: Houses In Charlottesville

6. It's always best to leave the exterior of your home a little run-down and unkept - since this is what county tax appraisor sees. If he sees it's a bit rundown then you could save THOUSANDS on your yearly tax bill.

7. It's ALWAYS preferable to buy new construction over resales!

8. Keeping the deposit as close to zero when submitting an offer, protects you, the buyer, while at the same time sending a strong message to the seller that you're keeping your money now in order to give it all securely at closing.

9. Pick up a spray can of natural musk phermones and spray all over carpets. This has been proven to initiate a buying response in even the most reluctant buyers!

10. Leaving personal undergarments strewn about on beds, baths, and bedroom floors can stimulate buying cues in male buyers.

Sponsored By: Houses In Charlottesville


Provided courtesy of Fulton W. Gaylord
Keller Williams Realty – Charlottesville

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Posted by

Fulton Gaylord-Associate Broker, ABR, SRES, e-Pro
Certified REO Specialist, Registered HUD Agent
Keller Williams Realty
3510 Remson Ct., Ste 301 Charlottesville, VA. 22901

Comments (1)

Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Fulton... some in there that I was not aware of....Thanks for sharing with us in AR Land.

Dec 03, 2013 02:47 AM