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Hiring A Home Inspector: Saving You From Financial Disaster

By
Real Estate Agent with RE/MAX Pearland - Maggie McFarland
home inspectionYou've gone to countless open houses, searched online for months, and have finally found the house of your dreams! But before signing your name on the dotted line, there are a few key steps you should not overlook.  When purchasing a home, hiring the right home inspector can be the most important decision you make!
 
Knowing the condition of the house you are going to purchase cannot be left to appearances or promises, and some undetected problems can be even more costly than the price of the house itself.  Making sure you have the services of a home inspector who knows what he or she is doing can prevent what should be a great investment from becoming a financial disaster.  
 
So what steps can you take to be sure your home inspector is qualified?  Here are a few things to consider.
 
How Long Have They Been In The Business, And What Is Their Professional Background?
 
The housing market has steadily increased over the last several decades and the home inspection business is booming.  With new home inspectors becoming certified each day from a variety of programs, hiring the services of an experienced inspector can really make a difference.  Though experience is always a good indicator of qualifications, also consider hiring an inspector who has a background in the housing industry, whether as a real estate agent or home builder.
 
What Are Their Qualifications?
 
With the incredible number of courses and schools offering certification in home inspection, knowing where your home inspector got their training and whether or not the course is actually recognized by the certifying body 
Home Inspector
 
 
Do They Have References?
 
This may seem an obvious question to ask any professional, but many people skip this step, and even fewer actually follow up on the references that they ask for.  Always call the references that your home inspector provides, and be sure they can give you at least three recent referrals.
 
 
How Much Do They Charge?
 
While the costs involved in purchasing a new home can add up quickly, the temptation to try to save when hiring a home inspector should be resisted.  Call several home inspectors for quotes, and if the one you have selected is considerably cheaper than the others, ask yourself why.  Most certified and qualified home inspectors know what the competition is charging and will usually charge a similar rate.
 
While all this work may seem like a lot of effort for what may turn out to be just red tape, if there is a serious problem with the property you are hoping to buy and it goes undetected, what should be your greatest investment may turn out to be your greatest liability.
 
 
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Jay & Michelle Lieberman
Keller Williams World Class - Agoura Hills, CA
Creating Calm in the Buying and Selling Chaos

You all know this, but there is such a difference between home inspectors it is a bit shocking.  One will make it an emergency life safety issue that there is a light switch broken while the other will not have any comments about anything.  Have the best group around you is the number 1 key to a successful business.

Jul 10, 2013 05:14 AM
Trisha Bush-LeFore
Preferred Properties Land & Homes - Walla Walla, WA
Providing Realtor Services in the Walla Walla Area

We always like to refer our clients to an inspector that we have known for years and trust with all our business. So far he has never let us down. This is a great post to help narrow down the search, though!

Jul 10, 2013 05:20 AM
Caroline Gerardo
Licensed in 20 states - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Great post

Jul 10, 2013 09:39 AM
Anonymous
Edie Skillen

I recently had a client that had a home inspection that turned up some major flaws with the house. The client was aggravated that they had to have and pay for another one on the next house.  The point I made was, how much would it have cost you if you had gone through with the sale?  Way more than the $300.00.  It is an insurancce policy.  They realized then that it was worth the money.  Many people have cars checked out by a mechanic when they buy one, why wouldn't they on a home?

Jul 10, 2013 10:54 PM
#29
Paul Silver
Tiverton, RI
Rhode Island full service real estate firm

Sometimes, but not always, you get what you pay for... there are sometimes market outlyers, but mostly such a person would be out of business rather quickly, unless his fees were supported by his service and expertise... and we should bear in mind that not all states require licenses for inspectors... but even in those states, many do have licenses..

Jul 10, 2013 10:55 PM
Rosie Crow
Serving Sugar Land, Richmond, Rosenberg, Missouri City - Sugar Land, TX
Exceeding Expectations. Delivering Results
Excellent post!!
Jul 10, 2013 11:20 PM
Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Maggie, I love this informative post for buyers or sellers who want to know everything about their house.

Jul 10, 2013 11:58 PM
Anonymous
Debra Hight

Thanks for the post Maggie. Hiring a home inspector isn't a time to shop for bargains.  Last year one of my buying clients did just that, and the report provided very little useful information. A family member had made the recommendation.  On the other side of the coin, I just saw one that was so detailed it included a photo of a fur ball with the recommendation to remove it. Not sure that's a defect of the house.

Jul 11, 2013 12:27 AM
#33
Donald Hester
NCW Home Inspections, LLC - Wenatchee, WA
NCW Home Inspections, LLC

Maggie,

Great post. I would add that looking at an example of their inspection report should be one of the first things you want to do. This will be very telling on how thorough/informative an inspection will be.

It has been my experience that some inspectors with many years under there belt have developed some less than stellar habits that do not even meet the minimum standards for our state.  So though experience is great,  if that experience has been attained by just getting by it may not be worth much.

Jul 11, 2013 12:32 AM
Roger Newton
Roger Newton Real Estate - North Plains, OR

A good home inpector is insurance.

Jul 11, 2013 01:30 AM
Travis "the SOLD man" Parker; Broker/Owner
Travis Realty - Enterprise, AL
email: Travis@theSOLDman.me / cell: 334-494-7846

The local Inspectors charge almost exactly the same rate. The one that I, personally, prefer used to be a home builder, so I giure that he knows more than meets the eye about certain things to look for.

Jul 11, 2013 01:44 AM
Kimo Jarrett
Cyber Properties - Huntington Beach, CA
Pro Lifestyle Solutions

Every agent should have a team of professionals that they could use for their services, however, the ultimate decision is up to the buyer, regardless of who an agent recommends.

Jul 11, 2013 01:59 AM
John M. Scott
BRE # 01442690, Scott Keys Properties - San Francisco, CA
Broker / Owner San Francisco Bay Area

Well thought out Maggie. There is a huge difference in reports I've seen over the years. Well organized and thorough and with lots of photos is a must!

Jul 11, 2013 03:40 AM
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

You are spot on with this post.  Trying to save money on the home inspection is foolish.  

Jul 11, 2013 03:56 AM
Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Hi Maggie, we agree, and have a very short list of inspectors we recommend.

Jul 11, 2013 04:35 AM
Bill Reddington
Re/max By The Sea - Destin, FL
Destin Florida Real Estate

Have been recommending the same 2 inspectors for over 5 years. Lots of experience and most importantly licensed and insured.

Jul 11, 2013 06:59 AM
Hella Mitschke Rothwell
(831) 626-4000 - Honolulu, HI
Hawaii & California Real Estate Broker
Good home inspectors get recommended. And you don't hire the one who is least picky. If something is broken or even something doesn't look right from their experience, it should be mentioned.
Jul 11, 2013 08:23 AM
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Wisest thing you can do when purchasing a home. There have been many times buyers have gotten out of disasters after the inspection.  Shouldn't think of it as a cost that's not recouped.  You'd think of it differently if you got stuck with that lemon.

Jul 13, 2013 12:23 AM
Paddy Deighan MBA JD PhD
http://www.medicalandspaconsulting.com - Vail, CO
Paddy Deighan J.D. Ph.D

I have been advocating to SELLERS for 25+ years that they should hire an inspector BEFORE the home is listed...make some reapirs and be forewarned about what may come up during a buyer inspection

Jul 30, 2013 08:08 PM
Wayne B. Pruner
Oregon First - Tigard, OR
Tigard Oregon Homes for Sale, Realtor, GRI

A good home inspection is a must. An inspector needs to have a conversation with the client about discovered issues. Some are important and some are not. A detail report can scare the heck out of a Buyer.

Jan 07, 2014 10:50 AM