I have a client that I have done three inspections so far this month for her including WDO/Termite. She has spent over $1,900.00 in inspections. The three houses appraised lower than the offer so she could not buy a house. Now, she is asking me for advice regarding what she can do, because she is spending money doing inspections for nothing. She is new in town. I gave her the advice to be careful when making offers in this distress market. Sellers will take any offers just get rid of the house but the bank will NOT loan money if the appraisal comes below unless she wants to cuff out the difference. I told her that in our market area a good number to use is around $95.00/ft. Her REALTOR is advising her otherwise offering up to 125.00/ft.
The REALTOR got upset with me and shoots me a nasty email saying I am not a licensed appraisal to give advice to his client. He said: “ We are paying you to do an inspection not give advice” I said: “She is my client and she is seeking advice because she has lost over $1,900.00 in inspections + another $1,200.00 in appraisals and got nothing out of it.” “You are not doing your job. " You are giving the wrong advice to this lady and making her spend money that she does not have.”
In other words he wants the blind, careless and silent inspector. Just make the deal and be quite. The redneck way to do business.
What say you?