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Veritas Can Save You Money!
Money Saved Is Money In Your Pocket!


Sellers Save Money
Scenario 1
      You just listed your home for $499,950. An offer comes in at $495,000 contingent on the results of a professional home inspection. The buyer hires an inspection service and finds some issues that need to be addressed. The buyer either rescinds or modifies the offer requesting that you have the repairs done quickly to be able to close escrow in 3 weeks. So you agree and hire the only repairman available, on such short notice, to do the repairs. The repairman charges you $4,500 to take care of everything.  Escrow closes and you feel great! You net $490,500 before commission and escrow fees.

Sales Price
Cost of Repairs
$ 495,000
- 4,500
Net $ 490,500

Scenario 2
     You are about to list your home for $499,950. You decide it would be smart to hire a professional home inspector to help you determine what issues need to be addressed. Your inspection report, costs $350. The report reveals several items that need repair. You call several repairmen to get quotes for the work to be done. You receive four quotes that range from $3000 to $4800, but the cheaper guy can’t get there for two months. You hire the next in line for a price of $3200. An offer comes in at $495,000 contingent on the results of a professional home inspection. You offer to share your current report with the agents and the buyer. They see that all the issues on the report have been taken care of. The buyers waive the contingency and you close escrow in three weeks. You feel great about the sale and net $491,450.

Sales Price
Home Inspection
Cost of Repairs
$ 495,000
- 350
- 3,200
Net $ 491,450

               
 The difference between Scenario 1 and Scenario 2 is $ 950 saved.
You made a smart investment. That’s money in your pocket!
Order your inspection now!


Buyers Save Money
Scenario 1
You have found the home of your dreams. Priced at $499,950, you make an offer of $495,000 and the offer is accepted. You are thrilled that you got the home you wanted for the price you wanted. Escrow closes in three weeks and you move in. A month later you find that there are a few items that need repair. You get estimates and hire a repairman to take care of everything. Out of your pocket, you pay the repairman $3200. Ouch! That hurts! 

Sales Price
Cost of Repairs
$ 495,000
3,200
Net $ 498,200

Scenario 2
You have found the home of your dreams. Priced at $499,950, you make an offer of $495,000 contingent on the results of a professional home inspection. You hire an inspection company and pay $350 for the report. The inspection report reveals several items that need repair. You request that the Seller either pay for the repairs or lower the price of the home by $4000. After getting estimates for the repairs, the seller agrees to lower the price. Escrow closes in three weeks and you are thrilled that you saved an additional $4000 on the purchase of your dream home. After moving in, you hire a repairman to take care of all the repairs and pay him $3200.

Sales Price
Home Inspection
Cost of Repairs
Credit for Cost of Repairs
$ 495,000
350
3,200
(4,000)
Net $ 494,550

The difference between Scenario 1 and Scenario 2 is $ 3,650 saved. You made a smart investment. That’s money in your pocket!
Order your inspection now!


"New Home" Homeowners Save Money

Scenario 1
You just moved into a brand new home and it’s beautiful. You got a great deal at $495,000. The builder has finished the punch list and has promised to take care of any other items that should arise during the 12 month warranty period. Month 11 arrives and you carefully list all the items that you feel need fixing. Things like loose cabinet drawer guides, a dripping bathroom faucet and a loose brick on the exterior façade are on your list. You provide your list to the builder and, as promised, he returns and takes care of all the items on your list. Four months go by and you notice a few items that need repair. There is discoloration on the vinyl flooring next to the bathtub and there is a funny odor underneath the kitchen sink. Even though your warranty has expired, you call the builder and request that he look at this. Unfortunately he says that these issues are caused by lack of maintenance issues and will not repair these items for free. You decide to get quotes from repairmen and hire the best priced repairman to take care of everything. The cost to replace the interior cabinet bottom and replace the vinyl flooring comes to $2450.

Sales Price
Cost of Repairs
$ 495,000
2,450
Net $ 497,450

Scenario 2
You just moved into a brand new home and it’s beautiful. You got a great deal at $495,000. The builder has finished the punch list and has promised to take care of any other items that should arise during the 12 month warranty period. Month 11 arrives and you carefully list all the items that you feel need fixing. You also decide to hire a professional home inspector to help you find any other items that you might not be aware of. The report notes a small leak under the kitchen sink that may eventually damage the cabinet bottom.The report also shows that the caulking along the edge of the bathtub is separating and that moisture seepage may encourage mildew to spread under the vinyl flooring. You present the list with a copy of the inspection report and the builder, as promised, takes care of all the repairs. Four months goes by and all is well with your home.

Sales Price
Cost of Repairs
$ 495,000
Ø
Net $ 495,000

The difference between Scenario 1 and Scenario 2 is $ 2,450 saved. You made a smart investment. That’s money in your pocket!
Order your inspection now!


              
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