You know what scares me when I see a house for sale and the seller has lived in the place for a very long time?
For most people, the only time they think about getting termite inspections are when there is a sale involved. While I don’t think you need annual inspections unless you just want to help your pest inspector generate revenue, you should do one at least every few years.
I was in a house last weekend that my buyer is considering making an offer on. Well, I guess they are still interested. I haven’t heard from them since I pointed out all the termite damage.
And there was a lot of damage. Fortunately most of it would be easy to fix. All you’d need is to sister a few new joists to old ones. The damage didn’t look any higher than that. I figure there is about $2-3k in work to be done. A termite treatment back in the 90s would have been much cheaper.
As the husband and I were walking around in the basement using our phones to look at all the joists, he said “This is why we like you.”
Who knows if they will make an offer on this house. If this isn’t the one, no worries. I know I am their realtor. I want to sell them the right house, not just any house.
I have always said that first time buyers grease the real estate market. Not that I’ve played much baseball since I was a kid, but I always pictured the market this way: The bases are loaded with people who needed to buy and sell, then a first time buyer hits a home run and lets everybody else move. Being the person who didn’t have anything to sell kept the market moving.
That wonderful analogy that I have been using my entire career doesn’t work any more.
First time buyers are struggling to get a house. The person on first base can’t find their second base house, the second base person can’t find their third base house, etc. They know selling their old house will be easy, but they dread the thought of being a buyer right now. So they stay put….and that first time buyer keeps striking out.
Now that I think about it, being a realtor feels just like when I went on a 7th grade field trip to see the Reds play. There was a lot of waiting for something to happen, and then a brief moment of excitement. That is how the market is today. A lot of waiting. A lot of checking for new listings. A lot of networking to find houses not on the market yet. Then when a house that meets your buyer’s criteria hits the market, a lot of excitement.