Text Me!

Your name:

Message:

Contact me by:
Phone:


forclosures2.gif

Featured Property


Warning: getimagesize(/home/bpatrick/public_html/components/com_hotproperty/img/thb/9_IM008438 (Small).jpg) [function.getimagesize]: failed to open stream: No such file or directory in /home/bpatrick/public_html/modules/mod_hp_hottestprop_wpic.php on line 50

Warning: getimagesize(/home/bpatrick/public_html/components/com_hotproperty/img/thb/10_Rose Manor Arial.jpg) [function.getimagesize]: failed to open stream: No such file or directory in /home/bpatrick/public_html/modules/mod_hp_hottestprop_wpic.php on line 50
Front Yard
109 Greystone Drive Franklin TN 37069
Arial View
4862 Bethesda Duplex Road College Grove, TN 37046

Local News

Nashville News
Local news for Nashville, TN continually updated from thousands of sources on the web.

Search Site

Brandon Patrick
Reliant Realty
256 Seaboard Lane E105
Franklin, TN, 37067
Office: 615-724-7071
Cell: 615-578-7507
Lic. #: 257858
Daily Real Estate News | Print |

You have invoked the most sensitive and controversial subject pertaining to the home inspection business. A central concern among professional home inspectors everywhere involves our relationship with real estate professionals. Home inspectors are consultants hired by home buyers. In essence, we are paid consumer advocates and should always perform our work for the benefit of our clients' financial interests. But the majority of our business comes from real estate agent referrals, and this poses a serious conflict of interest. Agents don't get paid for their time and effort if the deal does not close, and the findings of the home inspector can sometimes determine whether that closing actually takes place.

Real estate agents, likewise, should properly consider themselves to be professional consumer advocates. That is why they are called "agents" rather than "salespeople." Unfortunately, many agents operate in a manner consistent with proverbial "used-car salesmen." They want the deal closed, regardless of the consequences to their clients, and therefore steer their clients away from thorough home inspectors as much as possible. Fortunately, not all real estate agents operate in this unethical manner. Let me say that again: Not all real estate agents operate in this unethical manner! I hope the good agents and anyone else reading this column get that point.

It is an essential fact that there are good, bad and mediocre people in the real estate business, just as there are in all other professions. The best agents truly represent the best interests of their clients, and one of the ways they do this is by recommending the most qualified home inspectors available.

Those who are commencing new careers as home inspectors will gradually learn where the various local agents stand on the ethical scale of business practices. Home inspectors who do quality work for home buyers will be recommended by the ethical agents but not by the others. Among the other agents, the better inspectors will be known as "deal-breakers" or "deal-killers." That's how it is in the real estate business. Many agents dread the most thorough and experienced home inspectors, but fortunately, the quality agents provide a sufficient flow of business to the best home inspectors and thereby represent the best interests of their clients.

With regard to your home inspection instructor, hopefully he does not advocate pandering to the influences of unethical agents. It is one thing to warn fledgling inspectors against the practice of alarmist reporting to buyers. But inspection schools should not encourage their students to compromise the honesty and thoroughness of full real estate disclosure.

 



Last Updated ( Friday, 24 November 2006 )
 
< Prev   Next >

Syndicate this Site

Get the newest real estate Information from our site delivered right to your desktop!

REAL calculator

Calculate your mortgage repayments:

Loan amount: $
Down payment: $
Annual interest rate: %
Term of loan: years

Total interest:
$
Monthly payment:
$

Rent vs. Buy Calculator

Am I better off renting or owning? This calculator will show you the financial differences between the two.
$   Current Rent
  % Est. tax bracket
$   Purchase Price
  % Down Payment
  % Interest Rate
    Mortgage Term (Years)
    Your Monthly Payment
$   Yearly Taxes?
$   Yearly Insurance?
    Total PITI
    How long will you own (typ. 7 yrs)

$   This is your rent over the period
$   This is mortgage over the period