Lipstick on A Pig - Always Get a Home Inspection

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Real Estate Agent with Scottsdale, Phoenix, Cave Creek, Carefree, Fountain Hills SA5376460000

Lipstick On A Pig - Always Get a Home Inspection -

The competitive marketplace we are currently experiencing provides for some interesting phenomenon for both Buyers and Sellers.

Buyers are having to act quickly to “secure” their “bids”Kitchen on homes, forcing decisions they shouldn’t have to make in a shorter amount of time.

Sellers have the luxury of the opportunity to receive multiple offers and, oftentimes, for more than list price.

Buyers are making sacrifices and feeling pressure in order to buy at the current low price and historically low interest rates before prices rise.

Sellers are pricing properties higher than the last sale, knowing that prices are rising.

Buyers are purchasing properties in “As Is” condition for fear of losing out on an offer to another buyer.

GFCISellers aren’t making repairs and expecting to declare use of their title company, their lender and giving buyers only a few days to make offers.  

Guidelines for acceptance of offers has shifted in the seller’s court.  For this very reason, it is imperative to protect your buyers’ interests by having every type of inspector at the ready. Today’s inspection was no different.

My first time homebuyer client, has the luxury of being a cash buyer.  Being a cash buyer puts her in first position and her negotiating power to the top of the offers, unlike other financed offers.  But that doesn’t change our due diligence.  

Today’s inspection produced a laundry list of repairs and Roof Repairshoddy workmanship.  The roof had been patched  improperly; the rolled roof wasn’t sealed properly; the kitchen had no GFCI’s, but had granite countertops and new appliances; the new refrigerator sparkled but had no icemaker even though it had the box and connections for one; and the new paint inside and out looked great, except that the new roof leak stains clearly have to be painted again once we request a new roof.

Icemaker

This “lipstick on a pig” phenomenon is definitely a trend that I hope disappears.  Until then, make sure you get a home inspection!  Your buyers will thank you!

corroded hot water heater

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Topic:
ActiveRain Community
Location:
Arizona Maricopa County Scottsdale
Groups:
Investment Property (USA)
RE/MAX Active Rain Bloggers
Legal Aspects of Short Sales, Foreclosures, Loan Mods
Realtors®
Posts to Localism
Tags:
buyer beware
flipping houses in phoenix
investor flips
lipstick on a pig

Comments 32 New Comment

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Rainer
276,566
Steven Cook
- Pierce, King, Kitsap, Thurston, Mason Counties

Jan - came over from your comment to Jay.  How can people think this kind of workmanship will pass anyone's inspection?

February 06, 2013 04:20 PM
Rainmaker
1,171,126
Jay Markanich
Home Inspector - servicing all Northern Virginia
Jay Markanich Real Estate Inspections, LLC

You're right Jan!  I love it!  This is all too common and anytime you see remodels or flips it's time for a home inspector.

February 06, 2013 04:31 PM
Rainmaker
712,314
Fred Griffin, Your Real Estate Broker for Tallahassee, Florida 850-339-4861
Call Fred 850-339-4861
Frederick Griffin, Licensed Real Estate Broker

Hi, Jan!  This is really good; I love that saying "Lipstick on a Pig".

    I Re-Blogged this Post!

February 06, 2013 05:19 PM
Rainmaker
201,777
Emcee M. Arah
Realtor w/Architectural Dimension, CRS, CDPE, CIAS
Remax Excellence - Silver Spring, MD

Jan, a lot of this also needs to fall on the shoulders of the listing agent. Unscrupulous practices will always come back to haunt you in the end! So be on the "up-and-up"  as the listing agent and stay on your "Ps and Qs" as the buyer's agent. Great post!

~Emcee

February 06, 2013 06:38 PM
Rainmaker
415,593
Jan Green
RE/MAX Excalibur Scottsdale Green REALTOR
Scottsdale, Phoenix, Cave Creek, Carefree, Fountain Hills

Steven - Yes and it's up to us to "bird dog" for our clients!

Jay - I always recommend a home inspection - and if they don't want one, they have to sign off!

Fred - thank you!

Emcee - Thanks for commenting. Yes, it's always up to agents to work in an ethical manner, and especially on flip properties!

February 06, 2013 08:54 PM
Anonymous
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Rainmaker
415,593

Jan Green

RE/MAX Excalibur Scottsdale Green REALTOR
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Certified EcoBroker, Phoenix Green Chamber of Commerce, Volunteer for the US Green Building Council (USGBC), Arizona Chapter, Residential Green Building Committee, Energy Efficient Homes, REALTOR® for 10 years,RE/MAX, buyers and sellers, Scottsdale, Phoenix, Cave Creek, Carefree, Tempe, Arizona, home buyers and home sellers, Green Realtor, Networking group, Pinnacle One Group, relocation, relocating to Scottsdale, Green Certified Homes. http://www.linkedin.com/in/gotgreen Locations of visitors to this page