I AM your insurance policy. I know what your thinking...What the hell is he talking about?

I am talking about reducing an Real Estate Agents liability. Have you ever had a home inspector find an issue that saved you and your client from a nightmare? Maybe it was a structural problem that no one, including the seller, had any knowledge about. Maybe it was an issue that would have cost the buyer thousands of dollars to correct had they bought the home without an inspection.

If there is a major issue that can cause the buyer to walk away from the deal, but it goes undetected until some time after they have purchased the home, YOU JUST INCREASED YOUR LIABILITY.

But, when that issue is discovered by a home inspector, and the buyer is informed, whether or not they purchase is irrelevant. YOU HAVE JUST REDUCED YOUR LIABILITY. If the issue kills the deal, YOUR LIABILITY IS REDUCED. You will have a second chance to find the house that is right for your client. If the buyer purchases the property after being informed of the issue, YOU HAVE REDUCED YOUR LIABILITY. There is another benefit. YOU BUILD TRUST WITH YOUR CLIENT. When you refer home inspectors that perform their jobs well; the client will thank the inspector for finding the issues, BUT THEY WILL THANK THE AGENT FOR FINDING THE INSPECTOR.

Don't think of inspectors as "deal killers".... think of us as......your insurance policy......your second pair of eyes......your partner......your client retention specialist......your friend in real estate.

 
Post is included in group: ABR/REBAC
Post is included in group: At Home with Cultural Diversity (AHWD)
Post is included in group: Inspection & Real Estate Nightmares

3 Comments on I AM your insurance policy

OCT
09
2008
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Hi Michael,

I think all homes should be inspected, just to give the potential homeowner a security blanket.  I believe it should be mandatory and not on a volunteering basis.  Good Blog, it is an insurance policy...

                      ;>)

3:08pm • #1
165,815 Points

Good points.  And real estate professionals are buyers' and sellers' insurance policy for transactional issues and problems.  Experience is a good protector.

3:38pm • #2
SEP
01
Give please. Each body has its art... I am from Tome and also now teach English, give true I wrote the following sentence: "Newly damaged, the radiation pathogen could especially hold with the harsh growth in the reasons." With best wishes 8-), Susannah.
Susannah
2:25pm • #4

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Michael Merino-Orland Park Ill Home Inspector

Oak Forest, IL

More about me…

Merino's Home Inspection & Education Inc.

Address: Oak Forest, Illinois, 60452

Office Phone: (708) 535-6057

Cell Phone: (708) 612-6679

Email Me

Orland Park home inspector performs home and condominium inspections in Orland Park, Tinley Park, New Lenox, Frankfort, and Palos Heights. Home inspections and Radon testing. Oak Forest home inspector performs home and condominium inspections in Oak Forest, Oak Lawn, Crestwood, Mokena and Palos Hills. Home inspections and Radon testing.


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