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Brief understanding of what a Real Estate Agent should consider when referring a Home Inspector

Brief understanding of what a Real Estate Agent should consider when referring a Home Inspector

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  • 1. October 23, 2007 Vango Inspections http://www.vangoinspections.com The “ART” of Home Inspection
  • 2. Table of Contents
    • Overview
    • Services Offered
    • What Should a Home Inspection Include
    • Pricing Strategies
    • Features & Benefits
    • Choosing an Inspector
    • Contact Information
    • Q & A
  • 3. Overview  Services Offered Pre-Listing, Pre-Purchase, New Construction, One-Year Warranty, Landlord/Tenant Disputes & Home Maintenance Analysis  Inspection Includes Roof to Basement, Structural Integrity & Time to Perform Inspection  Pricing Strategies Single Family, Townhome, Condo, Pre-Listing, Bank Owned, Investor & Radon  Features & Benefits Training, Flexibility, Education & Expectations  Choosing an Inspector Licensing, Insurance, Reporting & Technology
  • 4. Inspections  Pre-Listing Inspection
    • It allows you to evaluate your house through the eyes of an objective third party.  How will a prospective buyer see your home?  How can you maximize that critical first impression?
    • It helps you to set the price of your house realistically and gives you the ability to maximize the sale price.  So many homes do not sell simply because the owner has no objective way of knowing what it is really worth to a potential buyer.
    • It permits you to make some, or all, of the needed repairs ahead of time so that defects won’t become negotiating stumbling blocks later.
    • You will have the time to get reasonably priced contractors or make the repairs yourself, if qualified, without having to scramble to meet a purchase contract imposed time frame.
    • It may encourage the buyer to waive the inspection contingency.
    • It may alert you of items of immediate personal concern, such as asbestos, radon, gas, or mold.
    • It will relieve the prospective buyer’s concerns and suspicions.
    • It reduces your liability by adding professional supporting documentation to your disclosure statement.
  • 5. Inspections
    • Provides the buyer with an understanding of the house’s condition.
    • May help to discover items that the seller was not even aware of.
    • Allows buyers to more realistically approach the purchase.
    • Helps buyers to budget for repairs and maintenance.
    • Educates first time, and even seasoned buyers, about houses, their systems and components and the proper ‘care and feeding’ of a home.
    • Leads to better, upkeep, regular maintenance and smarter decisions in improvements.
    • Contributes to better housing stock in the community.
    • Knowledge is power!
     Pre-Purchase Inspection
  • 6. Inspections
    • The whole housing paradigm is changing.
    • Fewer big new housing developments and more tear-down and build up houses.
    • Small builders who build 3 to 4 houses a year.
    • New, inexperienced general contractors.
    • Less expensive and experienced labor pool.
    • New materials and technologies.
    • Wide difference in building codes between different municipalities.
     New Construction Inspection  One Year Warranty Inspection
    • No more arguing and dispute over what is covered by the warranty and what is normal wear and tear.
    • Client has a legally enforceable defect report based upon state standards and practices.
    • Inexpensive fixes are the rule. Most warranty defects are easily fixed. The inspector can help in this process.
    • The inspector can act as a mediator between builder and owner.
  • 7. Inspections
    • Creates a legally binding report of the condition of the rental property before and after the lease.
    • No more arguing about what is whose responsibility.
    • Protects both parties with an objective and experienced professional presence.
    • Provides unbiased, expert testimony in court disputes.
     Landlord/Tenant Dispute Inspection  Home Maintenance Analysis
    • Guides the client in the best and most cost effective way to maintain their house.
    • Provides an expert and unbiased resource in choosing contractors, materials and techniques.
    • Helps to identify small defects before they become large and expensive.
    • Provides piece of mind with regards to safety issues. Furnace, Water Heater, Fire, Pests, Radon, Water Damage, etc.
  • 8. What Should a Home Inspection Include…
    • Roof-top to Basement.
    • Structural integrity of home and foundation.
    • Full examination of heating, ventilation, air conditioning, plumbing, and electrical systems.
    • A skillful home inspector will also evaluate the interior and exterior finishes and provide a basis for maintenance planning.
    • Typically takes 1 hour for every 1,000 square feet.
     Most inspections will offer
  • 9. Pricing Strategies Insurance, narrative reporting, newest technology and continuing training costs more. *The aforementioned services are not performed in a manner consistent with the American Society of Home Inspectors Standards of Practice. Also, square footage does not matter, as these services are performed on a flat fee basis. **Additional Fee to Standard Fee if home is older than 90 years old. $200 - $295 Bank Owned* $245 Investor (Pictures Only)* $245 - $275 Pre-Listing* $135 Radon (48-hour Test) $75 Age (90+ Years Old)** $245 Condo* $275 Townhome* $545 - $595 4,001 – 5,000 sq. ft. $445 - $495 3,001 – 4,000 sq. ft. $345 - $395 2,001 – 3,000 sq. ft. $295 Single Family < 2,000 sq. ft. Fee Property Type
  • 10. Features & Benefits
    • ITA Trained, Member of Rocky Mountain ASHI Chapter & ASHI Associate.
    • An inspection gives the client an understanding of the house’s condition, good and bad.
    • Education is empowerment, helps to comfort doubts and eliminate surprises.
    • Buyers know what they can expect, budget for and better research contractors and materials.
    • Seller knows property condition and can better, and more realistically, set a price.
    Our service to you is primarily one of education. Our goal is to give you a better understanding of the physical condition of the property so that you can make a well-informed decision. We will also endeavor to keep our findings in perspective…after all a cracked pane of glass does not have the same implications as a cracked foundation.  You can choose from hard copy delivery, e-mail delivery, or download the report (with your login information from our website) all within a few hours of the actual inspection. Below are the Benefits of engaging Vango Inspection for your Home Inspection Needs:
  • 11. Choosing an Inspector  What one should consider…
    • State Licensing is NOT required in the State of Colorado.
    • Insurance is NOT required. Good inspectors are fully insured. This protects the client and the Realtor.
      • Errors and Omissions Insurance – Protects against Inspector Errors
      • General Liability Insurance – Protects against Inspector caused damage and injury
      • Fidelity Bonding – Protects against ‘missing’ items, both the inspector and Realtor.
    • Member or Associate of an association (ASHI, NAHI, or NACHI)
    • Report delivery – Should occur within 24-hours of the inspection rather than an ‘on the spot’ report. Double checking is critical and decreases risks of mistakes in reporting.
    • Uses the latest technology, both with software and tools. Most inspectors will carry Gas Detectors, Infrared Thermometers, Circuit Analyzers, Surface and Deep Probing Moisture Meters. Some are now starting to conduct Thermography Inspections which allows the inspector to see thermal images behind walls. Very new to residential and very expensive to perform.
  • 12. Contact Information Vango Inspections Jason T. VanGotten Owner Direct: 303.250.8444 Office: 303.298.1871 Email: [email_address] Web: http://www.vangoinspections.com