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What is a Home Inspection?
Should a Pre Inspected Listing get an Independent Inspection for the Buyer as well?  XML
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Nathan
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Joined: 06/17/2014 09:32 PM EDT
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Location: Carmel, IN
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I just looked at a house that had been pre inspected. Should I get my own inspection?

Home buyers are experiencing an onslaught of confusion in real estate transactions nearly everywhere over “Pre Inspected Homes”. Candidly, many agents aren’t exactly sure what to think at times. Here’s your guide to make sure you’re protected in the transaction and to answer the question very directly of whether you should get your own inspection...the answer is likely and unfortunately YES! But not always. This simple guide will ensure you know for sure in your transaction.

What is a “Pre Inspection”?

More aptly called a “Pre Listing Inspection”, the concept is pretty simple. Rather than awaiting a buyer’s inspection to be aware of issues and try to correct them in a rush before closing, more and more sellers (I’d estimate 2-3% nationwide) are opting to get an inspection ahead of time. It not only eliminates surprises, it can serve to give a would be buyer confidence. At some listings you will find them printed in a binder on the kitchen counter or even included in a link on the listing. There are even online databases popping up that offer solutions in “handing off” the report in a way that works well in the transaction. Inspected Houses, the brainchild of Dave Klima of Aardvark in South Bend Indiana and Preston Sandlin of Home Inspection Carolina in Charlotte does just that. It’s not the only way reports are shared, but it works well and has gained popularity over the last couple years.

Should I get my own inspection as a buyer?

I’d never tell you not to of course, but let me tell you when you definitely want to: When the inspection doesn’t come with a warranty. When you see a one year structural warranty and five year roof leak warranty included with the inspection you can feel confident moving forward. Between these coverages and a mechanical warranty like you’ll find at Residential Warranty Services, you’ll be fine. Call the original inspector to do a walk through appointment with you and understand the findings and see if anything big has changed, but otherwise you’re good. I’m not saying that just as some sort of opinion- I’m saying that with thousands of these pre listing situations managed under our warranties. You’ll be fine.

What if the inspection doesn’t come with a warranty?

Here’s the brutal, honest truth: it doesn’t matter whether it is a buyer’s inspection or a pre-listing inspection as described above...if it doesn’t come with a warranty you want to make sure you get one that does.

Why is a Warranty so important?

An inspection is a cursory check of conditions at a given point in time. Failures aren’t just a potential, they’re a certainty. It’s simply a matter of when. Inspectors without a warranty generally only offer a refund of the inspection fee when they miss something. They will not be responsible for repairs that become necessary due to failures or even hidden defects they missed at any time after the inspection.

Does an inspection with a Warranty cost more?

Expect an inspection with a warranty to cost slightly more, but ask what it includes. Thousands of inspectors offer full one year structural coverage with every inspection and they’re in every market in the US and Canada.

When does the one year of structural coverage start if the pre-listing inspection included it?

The day of closing. Simply follow the instructions in the policy you receive to register the policy and it will be extended.

Have an inspection question? Email nathan@nathan.tv and I’ll answer it personally. Great questions land right here on the forum

P. Nathan Thornberry
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wallyconway
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Joined: 05/20/2015 03:38 PM EDT
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Location: Jacksonville, Florida
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A “perfect” inspection can no better predict the life of an individual home component than an insurance table can predict your individual life expectancy. That’s why a warranted inspection is your best protection to reduce future risk and associated expense!

Wally Conway, President HomePro Inspections
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jtroth
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Joined: 06/18/2014 10:11 PM EDT
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Location: Columbus Ohio area
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Nice job at explaining how it works. Too often we see agents trying to use past inspection reports and as a result the new buyer does not have any coverage in the event something happens. Pre listing inspections are important for sellers and listing agents to get a head start towards more money for the home. Home buyers should always get their own home inspection from a home inspection company that provides warranties. An agent that tells you all home inspectors provide the same service is missing valuable information that can be worth thousands of dollars to the new owner. Always ask the home inspection company about any warranties they provide.

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mlmarlow
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Joined: 11/13/2017 05:13 PM EST
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Location: Bandera, TX
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It would be great if we could predict what would break in a house and when, but since we can't, offering warranties with every inspections is the next best thing.

Michael Marlow
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Paul Altiery
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Joined: 12/30/2019 10:15 AM EST
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I have to admit the Pre-Listing Inspection makes more and more sense when it is backed up with warranties. That adds tons of value!

Paul Altiery
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scottlseaton
RockStar!
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Joined: 06/19/2014 09:39 AM EDT
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Location: Bourbonnais, Il
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Prelisting inspections are growing in popularity, and can help sellers get ahead of their repairs and speed the sales process along to closing with the new buyers. Some buyers think another inspection is not needed because the house was already inspected for the sellers.

While we are often asked during an inspection, "should we buy this house?", we are not allowed to answer that question. What we are allowed to say is that this inspection is a snapshot in time, and things break. That's what happens in every home everywhere.

The prelisting inspection is a snapshot from the day of the inspection. But getting an inspection from an inspection company that includes some buyer protections, in case something does break, may help cover those unexpected expenses.

Finally, taking advantage of a quality Home Warranty, such as those offered from Residential Warranty Services, can add peace of mind to you for up to 18 months or longer. That is a value that a cheaper warranty or low priced inspection company just can't provide. Be a smart buyer and seller. Get a prelisting inspection and use a home inspection company that is there to help.

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David Klima
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Joined: 10/20/2019 11:42 AM EDT
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Location: Northern Indiana/SW Michigan
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A new platform has been created to promote the concept of Pre Listing Inspections and it greatly benefits Sellers, Buyers, Real Estate Agents and Home Inspectors.

Instead of writing out the benefits to all the parties involved I would encourage everyone reading this response watch this video. It explains all the benefits of Pre Listing Inspections for all the parties involved in a real estate transaction. https://www.youtube.com/watch?v=FFjDkxIm0To

After watching the video I would encourage everyone to visit https://www.inspectedhouses.com and learn even more.

But to quickly answer the question in the Original Post the answer is YES! Buyers can view a Pre Listing Inspection report, learn more about a house, and then make an educated offer on the house. This process is beneficial to Buyers but the Pre Listing Inspection report should not be 100 percent relied upon because the condition of the house can change from the time the Pre Listing Inspection was performed until the time when the buyer makes an offer. Buyers need to get their own inspection and should hire an inspector of their choosing who will have a legal liability to them.

When a Seller uses an Inspector who is a member of Inspectedhouses.com and also offers the RWS warranties, then the Seller gets FREE warranty protection. So if a covered items breaks during the listing period, then a warranty claim can be filed to repair the broken item. The Seller and/or the Real Estate Agents will also get help marketing the house and capturing buyer leads. Home Inspectors offering this service are very valuable!!!


When a Seller uses an Inspector who is a member of Inspectedhouses.com and also offers the RWS warranties, then the Seller gets FREE MORTGAGE PAYMENT PROTECTION. What this means is if the Buyers Home Inspector finds a deficiency which was not in the Pre Listing Inspection report and this deficiency delays the closing, then RWS will make the Sellers mortgage payment of up to 5K a month for 3 months. This Pre Listing Inspection process, coupled with marketing and warranty protection, is unmatched in the industry. It is absolutely the best way for Sellers to sell their house!!!

https://www.inspectedhouses.com
https://www.aardvarkinspect.com
574-255-8824



This message was edited 2 times. Last update was at 12/30/2019 02:28 PM EST

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Nathan
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Joined: 06/17/2014 09:32 PM EDT
Messages: 5244
Location: Carmel, IN
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David Klima wrote:A new platform has been created to promote the concept of Pre Listing Inspections and it greatly benefits Sellers, Buyers, Real Estate Agents and Home Inspectors.

Instead of writing out the benefits to all the parties involved I would encourage everyone reading this response watch this video. It explains all the benefits of Pre Listing Inspections for all the parties involved in a real estate transaction. https://www.youtube.com/watch?v=FFjDkxIm0To

After watching the video I would encourage everyone to visit https://www.inspectedhouses.com and learn even more.

But to quickly answer the question in the Original Post the answer is YES! Buyers can view a Pre Listing Inspection report, learn more about a house, and then make an educated offer on the house. This process is beneficial to Buyers but the Pre Listing Inspection report should not be 100 percent relied upon because the condition of the house can change from the time the Pre Listing Inspection was performed until the time when the buyer makes an offer. Buyers need to get their own inspection and should hire an inspector of their choosing who will have a legal liability to them.

When a Seller uses an Inspector who is a member of Inspectedhouses.com and also offers the RWS warranties, then the Seller gets FREE warranty protection. So if a covered items breaks during the listing period, then a warranty claim can be filed to repair the broken item. The Seller and/or the Real Estate Agents will also get help marketing the house and capturing buyer leads. Home Inspectors offering this service are very valuable!!!


When a Seller uses an Inspector who is a member of Inspectedhouses.com and also offers the RWS warranties, then the Seller gets FREE MORTGAGE PAYMENT PROTECTION. What this means is if the Buyers Home Inspector finds a deficiency which was not in the Pre Listing Inspection report and this deficiency delays the closing, then RWS will make the Sellers mortgage payment of up to 5K a month for 3 months. This Pre Listing Inspection process, coupled with marketing and warranty protection, is unmatched in the industry. It is absolutely the best way for Sellers to sell their house!!!

https://www.inspectedhouses.com
https://www.aardvarkinspect.com
574-255-8824





Aardvark is the leader in their market for a reason!

P. Nathan Thornberry
www.Nathan.tv
Take Your Career to the Next Level > https://youtu.be/hdBCJbl5byo
The #1 Vendor in Real Estate & Home Inspection
www.InspectionSuccess.net
www.RWSwarranty.com
www.InspectorServicesGroup.com
www.RecallChek.com
www.InspectorLab.com
www.InspectionSuperConference.com

Find a Certified Inspection Expert exclusively at www.InspectionCentral.net
Get your E&O Insurance at 20%+ off your current rates at www.RWSinsurance.com
[Email] [WWW]
 
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