Here’s how Michael is helping my clients win with pre-offer inspections.
I’m here today to give you buyers a little insurance on your next home purchase. Low inventory is dominating the market, and it’s leading buyers to have to pay a higher due-diligence fee. This fee is paid to a home seller once we go under contract so the buyer can do their home inspection and appraisal.
When I started in this business, due-diligence fees were anywhere from $500 to $1,500. Today, these fees are commonly $15,000 to as much as $100,000. As an agent, I don’t feel great about that because I have a fiduciary responsibility to my clients and it just doesn’t seem right to put $100,000 down as a nonrefundable fee.
I was talking to my home inspector buddy Michael Szeto about this a few months ago and he told me about a tool he’s using called the pre-offer inspection. He’s here today to explain a little bit more about what that is and how it works.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message, or use these timestamps to browse specific topics at your leisure:
1:45- Michael’s background and how the pre-offer inspection works
3:25- A story of how Michael helped a recent client of mine
4:15- What Michael is looking for in a pre-offer inspection that we agents don’t always see
5:04- How to learn more about the pre-offer inspection from Michael himself
6:13- Wrapping things up
If you have any questions for Michael, give him a call at 919-271-9950 or send an email to Michael@mplhomeinspections.com. He has a time slot every day for pre-offer inspections, and he does a fantastic job.
I hope this was helpful for you. If you have any real estate questions for me, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.