The most common bad information I hear agents telling clients is:
“Well that would be covered in your warranty” The topic of conversation is usually the HVAC.
Well, the truth is, no its not covered if its the HVAC and older than 10 years.
I remember listing a house for sale years ago that included a “warranty” starting on the listing date, I asked the agent what all is covered, she said “oh, everything”. The exterior spa broke down so I called her up, she said “oh, thats not covered”.
Do you warn your clients?
In the report?
I put it in the report and tell the client right in front of the agent if possible.
$199 bucks will get you a $5000 hvac system right? LMAO!
Yes I’ve had my share of inspections were realtors state the house comes with a warranty. I don’t say anything in large part I don’t know what the warranty they are getting actually covers so I let it be. Now if I had first hand knowledge what the warranty covers and what it doesn’t cover then yes I would say something. Are you saying no warranty covers HVAC over ten years old?
The seller’s warranty is not associated with a home inspection in my opinion and I don’t mention it. It’s not my job to tell a buyer to read the fine print on all the documents associated with buying a house.
Bruce, do you warn them of the potential hazards of adjustable interest rates?
If my client confides in me that they are concerned about something I will give them advice especially if I witness unethical conversation which is what this thread is about. Its not about future rates and future income amounts of the clients. Don’t use another subject to try and reinforce the one at hand, its way more complicated than that.
No. But I do tell them that I offer a Warranty Inspection in their report. I explain that I can come back prior to the expiration date of the home warranty, so they can take advantage of the features and benefits and see that necessary repairs guaranteed under the warranty are executed, should any damage or problems be discovered.
To clarify, I think the main issue is where the hvac tech says a unit needs replacement and has not been properly maintained. The client expects a working unit since the agent led them to believe that.
What are we now, everybody’s nanny?
As far as **warning **clients about every little thing perceived as dubious, where is that in the job description? As other posters have said, where does it end?
What you do is your business, but don’t say the rest of us are wrong for not doing things your way.