With the somewhat tumultuous nature of the existing real estate market, a real estate professional needs to capitalize on everything in their tool belt to ensure a successful transaction. How do you make that happen? Some advice from the other side of the table; not the real estate professional, the buyer, but the home inspector.
A real estate professional that takes the bull by the horns, so to speak, will make the transaction smoother and increase the probability of a happy transaction for all parties involved. How do you ensure your client is well represented in the home inspection arena?
1. Attend the home inspection! Buyers want to know someone is going to hold their hand through the entire process. If you cannot make it to the inspection, at a minimum you should be there at the end of the inspection to go over the inspection report with the inspector. A thorough home inspection is a two-part system; the verbal aspect of the inspection findings and the written report. To see the entire picture, both halves must be understood!
2. Make sure your inspector is FULLY insured! In the last few years insurance premiums have gone up both with Errors and Omissions & General Liability. Most inclusive policies for professional full-time home inspectors will run around $3,500 for a single inspector firm to over $8,000 and up for a multi-inspector firm. If an inspector screws up, which happens from time to time, it is imperative that the inspector's policy has a "referring Realtor protection clause" which will limit the liability to the home inspector alone and no one else involved in the transaction. Premiums are a significant monthly expense - can you afford NOT to use an inspector who isn't fully insured?
3. National professional affiliation is critical. How do you know your inspector is going to be in business next year? How serious is success to the longevity of your inspector? These questions can be answered, in part, by professional affiliations. The largest and most respected home inspector organization is ASHI (American Society of Home Inspectors) followed by NAHI (National Association of Home Inspectors) - both organizations are not-for-profit and exist to maintain very high ethical standards within the home inspection industry. There are a few organizations that exist to make money and membership is sometimes as simple as writing a check. Both ASHI and NAHI require a comprehensive home inspection knowledge exam and an ethics exam.
4. Local professional affiliation is also critical. The Aurora Chamber of Commerce, the Aurora Association of Realtors, and the Denver Better Business Bureau - all organizations that increase accountability and legitimacy of a home inspection company. It's not always about what these professional organizations give to you, rather what you can give back to the community that supports you!
5. Professional appearance. Jeans, t-shirts, dirty car, etc. Home inspecting isn't a “job,” it is a profession where people are placing their trust in you that you will best represent their financial and personal interests. It is vital that your inspector dress the part and exceed everyone's expectations. Enough said.
6. Report generation protocol. The days of three form carbon copy reporting is dead and buried. Your inspector should be able to complete the report as he/she is conducting it, ideally with integrated digital photography. When your client is sitting at the supper table that night going over the report, they should understand what the issues identified are, specifically why they were identified, and what corrective measures are required to rectify the problem.
7. One-stop-shopping. Your inspector should be a jack of all trades, ready to perform any additional testing your client requires. Radon testing, water quality testing, indoor air quality testing, mold sampling (air and swab), EIFS/Stucco system evaluation, EDR Neighborhood environmental reporting, and Home Tune-uP Energy Surveys will make your life (and your paperwork) easier. The inspector never wants to be the guy everyone is waiting on.
8. Service is King. Your referrals are keeping the inspector and his family fed. Does his business and interaction with clients reflect this fact? This is self explanatory.
I sincerely hope my notes will help you to ensure you are getting your money’s worth with your inspector. If you are in the market for a new one or if your old one just retired, I am most certainly for hire and would be honored with your business. My contact information is as follows.
Thomas A. Recke
Pillar To Post
http://www.pillartopost.com/aurora
(303) 337-6713
thomas.recke@pillartopost.com
Sounds like you know what you are doing. Lots of luck