guest blog by Nila Ridings
How many people don’t trust used car sales reps? Most everyone. Why? Because they assume they are shysters, liars, and con men. They are the butt of jokes, in comics, late night TV, and any other time when someone is in need of an analogy for a buyer that got ripped off by a seller. Yet, many states have a “Lemon Law” that gives the buyers some protection from a bad car deal.
I bought a pre-owned truck from a guy that was absolutely honest about it. There were no surprises, no hidden damages, and no deception. As a matter of fact, I’ve become friends with his wife and family. They are a really fun and nice family.
I wish I could say the same about real estate agents and home sellers that I’ve done business with. Let’s see, there’s been the one that failed to mention the contractor he hired threw all of the construction debris down the duct work in a two-story house that could have caught on fire. There was the real estate agent that listed a property and didn’t exclude items the tenant owned so it was sold to me with her antique light fixture and automatic garage door as well as her new gas stove in the kitchen. Then there was the couple that said they wanted to move from this townhouse because they wanted “more land.” Truth is: They camouflaged all of his shoddy DIY projects and were running from this horrible HOA!
Finally, we have a lawsuit where a real estate agent is being sued for failure to disclose. Failing to disclose construction defects, assessments, and loans held by the HOA should be automatic loss of a real estate license in my opinion. Yet, there are plenty of HOA condo, townhouse, and home sales taking place where the poor buyer has absolutely no clue what awaits them once the ink on the contract dries. No laws that require disclosure that the HOA is in debt $1,000,000. Nope, that is just a minor unimportant detail. Bull crap!
We may soon arrive at the time when used car sales rep jokes will be replaced with real estate sales rep jokes. Possibly then the legislators will pass another “Lemon Law” that will give homeowners a way out of an HOA nightmare. And buyers that are duped a right to rescind the real estate contract for up to one year. That should bring some honesty into this home buying game! It certainly would level the playing field.
As for me, I’d rather deal with the car salesman than the real estate and HOA industry any day of the week!