Knox Inspection Services, Inc.

 
Investors Inspection for the Investor of a Property

This Unique Inspection is designed to provide the Investor/Owner of a property with valuable information about the

condition of the property and information to repair or replace items that will typically be found by the Buyer’s Inspector to be “not in normal working order” on a Buyer’s Home Inspection.  This advance and confidential

information will give a Investor the opportunity to "fine-tune" the property for purposes of marketing, and minimize

common and the unexpected repairs that often accompany the Buyer's inspection.  The reduction, (or often

elimination), of the problems involving major repairs as required by the Mortgage Lender, Hazard Insurance Company,

or the potential Buyer, can greatly smooth the path to successfully closing the transaction.  This inspection will not

substitute for a Buyer’s Home Inspection.  A Buyer may obtain (perform) his/her own Inspection with

recommendations for repair not listed herein.

Why should a Investor incur the expense of an Investors Inspection?

Simple.  When the Investor has a very good idea about the condition of the home and what repair requirements will

likely be on the Buyer’s Inspection, then the Investor can market and negotiate will confidence.  The dollar amount that is initially negotiated in the purchase contract between the Buyer and the Investor better represents the

transaction and is less likely to change with the Buyer’s Home inspection results.  This breaks down to a sales

transaction with fewer problems and greater confidence for all persons involved.  The information in the Investors

Inspection gives the Investor a choice of excluding a perceived “problem” from the sales transaction, or repair the

“problem” and make it a mute subject in the negotiation and sale of the home.  The Investors Inspection is absolutely confidential (at the decision of the Investor).

 

Is the Investor automatically required to disclose the Investors Inspection?

No, however some of the items included in the Investors Inspection will likely be listed on the Residential Property

Condition Disclosure Statement. If the Investor determines repairs are necessary from the information on the Investors Inspection, then the Investor has time to solicit competitive bids to get a “problem” resolved without the difficulty of a Buyer “looking over the Investor’s shoulder” during the stress of a sales transaction.  It is well known in the industry that repairs required on a Buyer’s Inspection are often more expensive to solve because repair contractors charge higher fees to adjust their schedules to complete repairs before the closing date of a transaction.  The result?  Delayed repairs cost the Investor more money.

 

What  often  Surprises  a  Investor  about  a  Buyer's  Inspection?

The great detail to which a Buyer expects an Inspector to do the job of Inspection!  The Investors inspection is not

going to find every minor concern or malfunction that may show up on a Buyers Inspection.  The Investors inspection is

designed to identify major problems (if any) and provide the most economical remedy, and not pick the home apart in a

negative report.  The major items discovered needing repair or improvement during the transaction are what

complicates the sale, not the little stuff!  A Buyer typically has more confidence in the transaction when the Buyer’s

inspector finds little new information.

What items are included in the Investor’s Investors Inspection? (partial list)

What items are not included in the Investor’s Investors Inspection (partial list)

A Home Warranty may be available to the Investor of the Property to cover items specific included and not included in
the Investor’s Investors Inspection.  Most Realtor® Companies offer an Investor’s Home Warranty Program.  If The Buyer
chooses Knox Inspections to perform their inspection, (as often occurs because of the good communication and
competitive pricing), some aspects of the contractual relationship between Knox Inspections and the Investor will
change to accommodate the Buyer and their Inspection requests.

The reason we offer the Investors Inspection Groups is to make it easier for our Customer (the Investor in the case of this
Inspection) to choose the information gathering Inspection that best suits getting the home on the market and sold for
the highest price.  If there is another reason you want a Investors Inspection, please let us know! The Groups offered
herein are the most requested groupings of various Inspections that our “Investor Customers” consistently request.
 

The Basic Investers Home Inspection Group
 What items are included in the Investor’s Investors Inspection?  (partial list)

What items are not included in the Investors Inspection? (partial list)

If the Customer wants something that is included to be excluded or something that is excluded to be included or
something that is not listed at all to be included we will try to comply with our Customers’ request.

Follow-up Inspections are available on Investors Groups when scheduled by the Investor.  Follow-up Inspection may be
a good way to satisfy a potential Buyer if significant repairs were performed during the Investor’s ownership of the
home.

The In-Depth Investors Home Inspection Group

This Inspection is the same as above and also includes an Engineer’s Opinion of the Structural Condition of the
Home.  Please see the 2. Engineer’s Structural Components Inspection for information about this inspection.

Follow-up Inspections are available on Investors Groups when scheduled by the Investor.  follow-up Inspection may be
a good way to satisfy a potential Buyer if significant repairs were performed during the Investor’s ownership of the
home.

These Inspection Groups are specialty Groups and may not meet or may exceed the minimal criteria of
the Oklahoma Inspection Law

Regarding the Investors Groups of Home Inspections:

The Buyers Inspection Groups have an entirely different objective purpose than the Investor’s Investors Inspection Groups and should not be used interchangeably.  It is our general policy to upgrade a particular Customers choice of Inspection Groups at the customers request, to give the Customer the benefit of lower pricing if facts become known during the Inspection process and the Customer requires more information through additional Inspections.  The Customer will have to initiate this process, as we will not try to sell the Customer more Inspections than the Customer deems necessary.

 

Investors Residential Property Inspection

This Specific Component Inspection is designed to provide the Property Investor with valuable information about the condition of the property and information to repair or replace items that are typically described as “not in normal

working order”.  This Inspection is designed to evaluate the property for essential information that may affect the

profitability or investment decisions.   The results of this inspection will give the Investor the opportunity to "fine-tune"

the property for purposes of tenant safety and to minimize maintenance costs.  This inspection often reveals

unexpected repairs that often accompany “Investment priced” properties.  Knowledge about problems involving major

repairs enables the investor to make better decisions.   This inspection will not substitute for a more comprehensive

Buyer’s Inspection.

 

Why should an Investor purchase an Inspection?

Simple.  When the Investor has a very good idea about the condition of the property and what repair requirements will

likely be encountered before the property can be used for income purposes, then the Investor can negotiate with

confidence.  This breaks down to an acquisition process with fewer problems and less time invested for unexpected

problems.

The Investors Inspection is absolutely confidential (at the decision of the Investor).  Is the Investor automatically

required to disclose the Investors Inspection?  No, however some of the items included in the Investors Inspection may

be requested by the mortgage lender.

If the Investor determines repairs are necessary from the information on the Investors Inspection, then the Investor has

time to solicit competitive bids to get a “problem” resolved without the expense of lost lease/income time.   Delayed

repairs cost the Investor more money to eventually resolve.

 

What often surprises an Investor about this special Inspection?

The great detail in which the Inspection helps the Investor!  The Investors inspection is not going to find every minor concern or malfunction.  The Investors inspection is designed to identify major problems (if any) and provide the most economical remedy, and not pick the property apart in a negative report.  The major items discovered needing repair or improvement during the transaction are what complicates the sale, not the little stuff.

What items are not included in the Investors Inspection? (partial list)

The Investor is encouraged to bring to the attention of the Inspector any aspects of concern to the Investor for
resolution or inclusion into the inspection report.  The list of items herein will be followed in the absence of specific
information from the Customer.

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