A Home Inspection is an Absolute Must

By
Mortgage and Lending with Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 NMLS # 6869

 

“A Home Inspection is an Absolute Must”

Home Inspection

When a do a preapproval for clients, one of the discussions is about the home buying process and the importance of a home inspector. Most people understand, but from time to time I am asked why they need one. Very quickly they understand how important.

There are times that I have clients referred to me, that I would not have done a preapproval for and they already have a deposit on a property. Every once and a while, the purchase agreement indicates no inspections.

I never understand the rationale, but when I am told that one of the parties recommended that a home inspection was not necessary, I get extremely concerned.

The home inspections should always be part of every home purchase, no matter what.

 

Choosing a Professional Home Inspector

 

By: Dan Steward

  

There are approximately 30,000 home inspectors nationwide today. Only about half of the states require any kind of certification or licensing for home inspectors. So how do you know you are recommending the best home inspectors to your clients?

 

Hiring the right home inspector is as important as the actual home inspection itself. As with most professions, both qualified and unqualified individuals can claim to be “professionals,” but what makes the home inspection industry especially vulnerable is the fact that it is currently unregulated in most states. Here are some ways you can protect your clients from hiring an unqualified inspector:

 

• Busy real estate professionals are likely to have a list of inspectors ready to refer to clients. As those lists change due to retirement, relocation and other reasons, it’s a good idea to always be on the lookout for professional home inspectors to add to your referral list. Follow up with clients immediately after the inspection and then again six months down the road. They may say they were happy with an inspector immediately following the inspection, but when problems are uncovered during the first year of homeownership that a home inspection should have found, clients may change their mind on a recommendation.

 

• After recommending home inspectors to your clients, encourage them to do their own research. They should be asking potential inspectors for their qualifications, professional affiliations and certifications. Professional association affiliations can include membership in the National Association of Home Inspectors and American Society of Home Inspectors. Members of both of these organizations are committed to standards of practices and codes of ethics.

 

• Inquire about insurance. Professional home inspectors carry Errors and Omissions insurance (E&O), which can protect your client if the inspector makes a mistake. Home inspectors should also carry commercial general liability insurance.

 

• Do not refer or hire inspectors who either perform repairs or refer contractors. Although some states allow this, it could potentially represent a conflict of interest.

 

• Ask for a sample home inspection report. A good report will clearly state the problem, explain the significance and recommend a course of action. Many inspectors also offer home maintenance guides that contain information about how a home works, how to properly maintain it, repair cost estimates, seasonal maintenance checklists and various ways to save energy.

 

• Ask home inspectors about the technology used during the inspection. Look for inspectors who use computers and take photos during inspections and incorporate those photos into the report.

 

• A professional home inspector will tag all accessible shut-offs within the home. This is a great added value for homeowners unfamiliar with the inner workings of a home.

 

• Ask how long the home inspection will take. Most inspections take at least three hours, some longer, depending on the size of the house and the nature of the inspection. Encourage your clients to stay for the duration and to shadow the inspector and ask questions about noted problems. Many things uncovered in home inspections are easy fixes and should not lead to a deal falling through.

 

• Know when to call in an expert. If your client is looking at a home with a pool, make sure the inspector has experience with pools. Additionally, if your client is concerned about mold, radon or lead paint, make sure the home inspector has the ability to do the proper testing.

 

image: freedigitalphotos.net

 

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

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Rainmaker
1,342,628
Sally K. & David L. Hanson
WI Realtors - Luxury - Short Sale - CDPE, REDS
Keller Williams 414-525-0563

From the school of "knowing what you don't know".....and good home inspectors know that they may need to refer to other specific professionals/trades for issues with a home...inspection...first, most and always.

October 23, 2012 05:48 AM
Rainer
158,729
Edward Gilmartin
Boston Homes

Home inspections have gotten so expensive lately it is important to have a good agent that can point potential trouble out before one gets to the offer.

October 23, 2012 05:49 AM
Rainmaker
1,387,308
Roger D. Mucci
Lets shake things up at your home today!
Shaken...with a Twist 216.633.2092

I can't imagine purchasing a home without a home inspection Joe............it just isn't a wise thiing to do.  Reminds me of when they found my stolen car and the adjuster told me it looked good.  I told her my 93 year old Mother looked good too, but she couldn't walk, hear or see................

October 23, 2012 06:15 AM
Rainer
120,336
Merline D Pennant - New homes, Short Sales and Pre-foreclosures
New City, New Towns, New homes
Regal Realty of the Treasure Coast LLC

I would always advise a buyer to get a home inspection.  If they decide they do not want to do one then I would have them sign to that effect.  Then it is on them if they discover anything after that.

October 23, 2012 06:20 AM
Ambassador
981,495
Debbie Reynolds
Your Dedicated Clarksville TN Real Estate Agent
Prudential PenFed Realty, "The Real Debbie Reynolds" Your Clarksville Real Estate Professional, 931-920-6730

Joe, I really believe that is true and get really nervous when a buyer says he doesn't want one or doesn't want to spend the money.

October 23, 2012 07:20 AM
Ambassador
1,797,280
George Souto
Your Connecticut Mortgage Expert
George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut

Joe I do the same as you, even if it is a condo.  A home inspection is one of the best expenditures that they will make in the homebuying process.  The other thing that I also recommend is the Owners Title Policy, it is a cheap price for the extra protection.

October 23, 2012 08:31 AM
Rainmaker
1,884,959
Roy Kelley
Roy and Dolores Kelley Photographs
Retired Real Estate Broker, Maryland Blogger

Good advice.  We always recommend a professional home inspection.

October 23, 2012 08:33 AM
Rainmaker
576,011
Patricia Feager, MBA, GRI, Cert Negotiations Expert, Military Relo Prof
The Little REALTOR® That Could
Keller Williams Realty

Joe,

Here in TX, when a buyer makes an offer, I always give them two forms to read and sign. One says, "For Your Protection: Get a Home Inspection." On the second form, the buyer has to check whether or not they choose to hire a home inspector, then they must sign and date that form too.  Both forms specifies what a buyer needs to know and talks about being an informed buyer. My Broker requires it and I have never had a buyer or an investor choose not to have a Home Inspector.

This is very, very important. It's the buyers responsibility to be an informed buyer.

What I admire about you, is that you always inform with integrity.

October 23, 2012 11:54 AM
Rainmaker
596,781
Richard & Beth Witt
Broker/Owner RE/MAX Wittney Estates Long Island NY
RE/MAX Wittney Estates 516-795-6900 www.longislandrealestatesearch.com

Could not agree with you more Joe.. (no surprise there) ... We've been buying houses for 30 years and we always have a structural engineer check them out before we close the deal... Rich always turns to the pros when it comes to our money...

Happy Day Joe

 

October 23, 2012 01:11 PM
Rainmaker
567,772
Hella Mitschke Rothwell
Hawaii & California Real Estate Broker
(808) 226-1095 or (831) 626-4000

Joe: Every time I hear about home inspections, I smile, because each buyer is looking for something different when hiring one. What they SHOULD do is confirm or not that you are buying a sound investment, free from things that need to be fixed. Recently an elderly lady buyer, was worried that she wouldn't get along with the inspector. I said something like, "what does that have to do with anything?" She was under the impression that he would go over the house with her and show her how to access, fix, reach, turn on and off, everything in the house. Realizing that she was actually worried about moving into her house all by herself, I hired an inspector who had a good "people" manner and he did show her those things she was afraid of.

October 23, 2012 04:48 PM
Rainmaker
404,880
Ellen Caruso
Daniel Gale Sotheby's International Realty

Joe, I've been in the middle ofa negotion all night where and the home was an older home and entirely redone....still I told my buyers new does not mean perfect....Inspection comes next!

October 23, 2012 06:56 PM
Rainmaker
444,038
Gay E. Rosen
Honest, Hardworking and always Professional!
Houlihan Lawrence

Joe-  so many inspectors.. who to choose!  An inspection is so important..  I try to have my clients research the inspcetors prior to our obtaining the accepted offer so we are ready set to go!

October 23, 2012 07:08 PM
Rainmaker
1,000,842
Conrad Allen
Webster, Ma, Realtor
Re/Max Professional Associates

Hi Joe.  I will not sell a home to a buyer with out the home inspection.

October 24, 2012 04:09 AM
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Rainmaker
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