Investors Inspection for
the Investor of a Property
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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?
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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).
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Is the Investor automatically
required to disclose the Investors Inspection?
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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.
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What often Surprises
a Investor about a Buyer's Inspection?
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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
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What items are included
in the Investor’s Investors Inspection? (partial list)
Foundation & Structural Components
Roof Surface
Moisture Infiltration
Visible Portions of Air Duct System
Exterior Veneer
Fireplace & Chimney
Furnace(s)
Hot Water Tank(s)
Insulated Windows
Air Conditioner(s)
Plumbing Fixtures
Electrical Fixtures
*Please note that some personal items
may block access to some of the items normally inspected.
What items are not included
in the Investor’s Investors Inspection (partial list)
Minor Wood Deterioration
Insect Infestation
Doors & Single Pane Windows
Exterior & Interior Trim
Kitchen Appliances
Guttering
Attic & Crawl Space
Ventilation
Insulation
Irrigation System
Stairways & Handrails
Decks & Balconies
Driveways & Patios
Laundry Fixtures/Plumbing
Central Vacuum
Intercom System
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.
Summary of
the Investors' Inspection Groups
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)
Foundation & Structural Components
Roof Surface
Moisture Infiltration
Visible Portions of Air Duct System
Exterior Veneer
Fireplace & Chimney
Furnace(s)*
Hot Water Tank(s)
Insulated Windows
Air Conditioner(s)*
Plumbing Fixtures
Electrical Fixtures
{* Denotes possible
changes in Group pricing depending upon individual characteristics of the
home.}
What items are not
included in the Investors Inspection? (partial list)
Minor Wood Deterioration
Insect Infestation
Doors and Single Pane Windows
Exterior & Interior Trim
Kitchen Appliances
Guttering
Attic & Crawl Space
Ventilation
Insulation
Irrigation System
Stairways & Handrails
Decks & Balconies
Driveways and Patios
Laundry Fixtures/Plumbing
Central Vacuum
Intercom System
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 included
in the Investors Inspection? (partial list)
Foundation & Structural Components
Roof Surface
Moisture Infiltration
Visible Portions of Air Duct System
Exterior Veneer
Fireplace & Chimney
Furnace(s)
Hot Water Tank(s)
Insulated Windows
Air Conditioner(s)
Plumbing Fixtures
Electrical Fixtures
*Please note that some personal items
may block access to some of the items normally inspected.
What items are not included
in the Investors Inspection? (partial list)
Minor Wood Deterioration
Insect Infestation
Doors & Single Pane Windows
Exterior & Interior Trim
Kitchen Appliances
Guttering
Attic & Crawl Space
Ventilation
Insulation
Irrigation System
Stairways & Handrails
Decks & Balconies
Driveways & Patios
Laundry Fixtures/Plumbing
Central Vacuum
Intercom System
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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