Along with the rest of the Real Estate Industry, NBI looks forward
to a slow but steady improvement in our local economy, which should put
a "floor" under real estate prices and entice buyers off the
fence. In the meantime REO
and other stressed property deals remain a big part of the market,
and we see the inspection playing a critical role in defending a home
buyer's interests in these transactions, so we focus on REOs in this
We appreciate all the business you refer to us. We look forward to continuing our relationships through
the New Year.
Properties: Don't let your buyer skip the inspection!
is a disturbing, if not widespread, concept in the REO market that
works against the best interests of borrowers: Some buyers decide
that paying for an inspection gains them little, as the property is
pretty much "as is". It is true that the bank is the
seller, and a buyer would have little recourse when expensive problems
arise post-purchase, but knowledge remains power. The inspection
reports will allow the buyer to make a better "yes/no"
decision: Is this property truly worth the price if you add the cost of
fixing the problems the inspection may have found?
are lots of REO properties coming to market, and will continue to do so
for a number of months (if not years). This means buyers can be
selective. Gaining as much knowledge about the property they plan to
buy is critical to selecting a property
that will maximize their investment. Why would anyone NOT inspect a
property that may have been vacant and poorly maintained for months?
Based on the feedback of our agent partners who have worked REO deals,
the clear answer still seems to be "pay for a good
Spot the Problem!
on this REO property is new. That seems like a bonus for the buyer: One
less thing to worry about!
This REO property came with a new roof.
This seems like a nice clean edge.
What could the problem be?
is a newly installed 30-year composition shingle roof covering.
installation seems to meet all basic standards.
found a major issue with it, though, that the buyer had to consider in
the buying decision.
did we find?
the answer, check at the bottom of the right-hand column.
2-for-1 Home and Termite Inspection
the year with NBI's Two-for-One Inspection package, a great money and
time saver. Don't hire two
or more inspectors to handle home and pest inspections when we have seasoned
who conduct both in the same visit, without
sacrificing any quality.
the only known pest inspection company in Northern California that does
not perform corrective work on properties we inspect, which means
your clients are GUARANTEED our complete impartiality. In short: We
won't spot problems that are not there!
Plus, our package price will save your client money.
One visit, one
price, both reports done simultaneously.
Thank you for taking the time to read our monthly
newsletter. We hope you found it useful. If not, let us know! We look
forward to your feedback. E-mail comments to email@example.com.
Keep us on your referral list. We are ready to make you
look good and get your deals closed promptly!
Robert Swickard, President