Selling our home has taught us some valuable lessons. The first being that your agent is looking out for their best interest. Not yours. I am saddened by our experience thus far, and honestly, quite angry.
For the last few weeks our agent has been trying to get ahold of the buyers agent to confirm the appraisal was received. No answers to texts, calls, or emails.
Out of nowhere last Thursday, at 9pm, the buyers agent sent us a message stating we need a termite certification letter. That’s the first we heard of this. The buyers chose not to do an inspection, their due diligence period is long gone, but apparently their lender requires it. Well our agent failed to send us the contract page with this information. As a result of this unexpected issue, we postponed our POD pick up from. No way were we packing up a POD if we could potentially lose this sale.
Basically sellers are solely responsible for having a termite inspection, certificate, and any treatment done. If any physical damage is noted, sellers are also responsible for having professional estimates done for repairs, and renegotiating with the buyers.
Now we’ve never had an issue with termites. The previous sellers had a small infestation, and it was treated, they also did the soil treatment around the entire house. We have the termite company out Friday morning and he failed us. He found a TINY piece of wood trim with maybe 1″ of termite damage. This trim is up against the basement exterior garage, directly attached to cement walls. No further damage was found. We still failed.
Because of that we had to pay $600 for termite treatment in order to get that stupid certification. And what ticked me off even more was when the guy handed me the certificate and it’s all marked “no signs of active infestation” throughout the entire paper. What a scam! You know they failed us just to get that extra money from us. Oh I was livid. I told my agent we’ll fix that tiny trim, I’m not paying a professional for something we can do for less than $5. And if they want to “renegotiate”, then we can also “renegotiate” the closing costs we’re paying for them! But it doesn’t end there!
Wednesday, at 9pm, the buyers agent texts our agent and says: closing documents are in, we’ll close this Friday. WHAT?! Our closing date is December 30th. I said absolutely not! We still live here. My agent informed them that the property is still occupied, and we cannot close this Friday, but the 28th at the earliest.
The agent ignored that and went ahead and sent an addendum. They put the 18th as closing day, and allowed us a “10 day temporary occupancy” at a daily rate of $150! LOL!!! They’re expecting us to pay $1500 because they want to push up the closing date? Hell no. I shut that down real quick.
Today the buyers agent informs my agent that the reason they want to close early, is because the buyers wife has COVID, and he’s afraid he’ll have it by the 30th. WTF! After some back and forth we agreed to close early, but with a 10 day occupancy at NO ADDITIONAL COST, because we’re paying their damn $15,000 in closing costs!!! Ridiculous people. Well then I’m informed they want to do a final walk through. Ummmm you just told us you’ve been directly exposed to COVID and now you want to enter my property? Absolutely not. I have a high risk child. The agent said she could do a video walk-through for them. Fine, whatever.
So now we’re waiting for a response from the buyers agent. She’s amazing at disappearing and never to be heard from until the last minute. Between her crappy communication and my agent leaving out VERY important information, I’m irritated. I think if your agent screws up, and it costs you money, they should have to forfeit .5% of their commission each time. That’s $3,000 and she sure as shit has cost us a lot more than that.
It’s going to end up costing up just over $50,000 to sell this house between realtor fees, closing costs, and all the repairs we’ve done. I am over it. I am bitter and angry. We clearly got the short end of the stick and our realtor failed to keep our best interests at the forefront of this process. The other three homes in our neighborhood sold for asking price, were conventional loans, and buyers paid closing costs. I knew we shouldn’t have had to pay. At first we thought, well it’s a small price to pay, but now? The demands and entitlement have us thinking the complete opposite.
It makes me sad was a greedy, selfish world we live in.