I know why you don't have more luck with MIC

[Sean Fogarty]

It's simple. I had a broker explain it to me today. They don't want to disclose the issues with the home while its being marketed....

Can't rent out your hooker if the cutomer already knows she has herpes!!

[Nick Gromicko]

I had a broker explain it to me today.

That's backassward. You should be explaining it to the broker.

Since the defects are going to be revealed one way or another, anyway... I know of no agent that wouldn't want the defect to be revealed as early on in the transaction as possible, so as it can be dealt with in time (before it can wreck the deal).

If the defect is so bad that it eventually wrecks the deal, I know of no agent that wouldn't want the deal wrecked early (as agents don't get paid by the hour). No agent gets paid to work hard to drag a deal right up to closing... only to have it fall apart in the eleventh hour.

When properly explained (and I've had to do it myself many times), all brokers quickly realize that MIC is not just in their client's best interest.... but MIC is in the broker's best interest too.

[Gary Farnsworth]

Here in KC, most homes are selling "AS IS", so the buyer is "saving hundreds of dollars by not getting an inspection".

Yes, backasswards.

[George E. Russell]

Originally Posted by sfogarty

It's simple. I had a broker explain it to me today. They don't want to disclose the issues with the home while its being marketed....

Can't rent out your hooker if the cutomer already knows she has herpes!!

I keep hearing the same thing!!! It seems like the RE's outnumber you Nick

[Curtis M. Vilt]

I have one realtor that pays me to do an inspection before he puts the home on the market. Most are on Longboat Key Fl. he wants his clients to be informed. It has helped him sell. We are discussing how to use MIC to help him along. My first one was an old beach house. Rotten etc.. I thought "this will be my last". I gave him the report and he said that is what I need the truth. I need more like him. As he spreads the word it will increase. Great tool Nick Thanx

[Michael Roberson]

That's backassward. You should be explaining it to the broker.

Since the defects are going to be revealed one way or another, anyway... I know of no agent that wouldn't want the defect to be revealed as early on in the transaction as possible, so as it can be dealt with in time (before it can wreck the deal).

If the defect is so bad that it eventually wrecks the deal, I know of no agent that wouldn't want the deal wrecked early (as agents don't get paid by the hour). No agent gets paid to work hard to drag a deal right up to closing... only to have it fall apart in the eleventh hour.

When properly explained (and I've had to do it myself many times), all brokers quickly realize that MIC is not just in their client's best interest.... but MIC is in the broker's best interest too.

Nick, I pretty much agree with you, However the predominate attitude among Realtors remains "the less I know the better" (at least in my little corner of the world)

[Nick Gromicko]

at least in my little corner of the world

You are used to living in a world where the only way to find buyers is through the real estate agents (because the agents are the only ones who know who the buyers are).

With MIC, you can bypass the agent and take MIC straight to the seller. Buyers are tough to find. Sellers are easy to fine. Sellers have big signs in their yards and ads on the internet, all screaming "Hey, I'm selling!"

MIC sells easiest to sellers who have had their homes on the market for more than 90 days, but not in foreclosure.

Agents are filters. Bypass the filter.

[James H. Bushart]

I agree, Nick...and it is encouraging to finally see a national association of home inspectors taking the lead and developing strategies other than the one that worked in 2006...the peak of the housing boom.

It's over...and the rules have changed.

Home inspectors who depended upon agents to keep them in business are dying with them....while home owners continue to sell houses and people continue to buy them.

The same kind of thinking that turned home inspectors into a commodity to be handed out (or not) at the whim of the used house salesman is NOT the kind of thinking that will carry him to success in this new market.

It's time to change the way we think and....in my opinion....if there are salesmen who fear the effect of honest disclosure to their bottom line, instead of accomodating them ---- we should be exploiting them and making that the reason that a FSBO home is a BETTER deal for a home buyer when it has been inspected under the MIC.

The FSBO market is there for the taking. Is NACHI brave enough to lead? Are its members brave enough to loosen their tether to the used house salesman and step into the security of controlling their own destiny?

[Brian E. Kelly]

Originally Posted by gromicko

That's backassward. You should be explaining it to the broker.

Since the defects are going to be revealed one way or another, .

This is just not true either. Many defects will never be revealed, ever.

[Nick Gromicko]

How? If the seller's inspector discovers them, the seller has to disclose them. If the buyer's inspector discovers them, they'll be in the inspection report. If both seller and buyer hire their own inspectors, the defect is going to become known for sure.

It's in an agent's own personal, financial best interest to address any issue (that might queer the deal at the minute), sooner than later.

[Bruce A. King]

The reality is that agents get to see a lot. They have told me that it is useless to have a prelisting inspection unless it is done correctly because the buyers inspector may be much better than the first guy. No two reports will be the same on the more complicated houses even from two above average guy's. The sellers are done spending money on the house anyway. The tried and proven concept to sell houses generally works: allow the buyer to fall in love with the house first, get financially vested in the deal, downplay the inspection report and railroad them straight to the closing table. Closings are happening very quick these days on the vacant houses around here. I inspected one on 1-26 and got the check from the atty today 2-2 on a house that had structural issues and much more wrong. They must have closed within 2-3 days of the inspection.

[Curtis M. Vilt]

I spoke to someone last week I am thinking of paying just to push MIC. We are close to a deal. He is a go getter and I hope to add to my crew that currently is 2. My wife and I.

[Jae Williams]

Originally Posted by gromicko

How? If the seller's inspector discovers them, the seller has to disclose them. If the buyer's inspector discovers them, they'll be in the inspection report. If both seller and buyer hire their own inspectors, the defect is going to become known for sure.

It's in an agent's own personal, financial best interest to address any issue (that might queer the deal at the minute), sooner than later.

Sean's first post answers that...

"It's simple. I had a broker explain it to me today. They don't want to disclose the issues with the home while its being marketed.... (so they don't get an inspection).

Can't rent out your hooker if the cutomer already knows she has herpes!!"

More 'n more that's happening to buyers who lean on their realtor. Many 'first time' buyers I have consulted are scared, but the only person they know is the realtor (who says "trust me"...)

The less one knows, the less one has to fear.

I ain't sayin' that's right--it's just the way it is.

[Rodney Misener]

Originally Posted by grussell

I keep hearing the same thing!!! It seems like the RE's outnumber you Nick

I have the same problem here. Realtors have ZERO interest in MIC. Sad, but true.

[Nick Gromicko]

How could they have interest in something they've never heard of? By the time they show interest in doing these (and they will), you'll have lost your competitive edge... and it will be too late. The time to roll out something new (that your competitors don't offer)... is when it's new.