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  1. #1
    Rick Hurst's Avatar
    Rick Hurst is offline Member
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    Oct 2003
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    Default Property Preservation Inspections

    Anybody doing these inspections on foreclosures?

    If so, what is your opinion?

    I have no interest in doing them, but I do know someone who was asking about them. Seems you go in and inspect the "general condition" of the home and then bid on what needs to be done to get the home in a "marketable" condition.

    The inspection is not typical of what we do as a home inspector, but they look for safety issues that need immediate attention or something that pertains to the home protected against adverse weather.

    rick

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  2. #2
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    Mar 2007
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    Oregon
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    Default Re: Property Preservation Inspections

    I've run into a couple guys doing follow ups while I'm doing an inspection.... Basically, they look like about $10/hr guys... I don't know if that means the banks just don't pay much or they don't know where to look.

    Basically, if there's a huge hole in the floor they'll tell someone to cover it.... other than that I don't think they pick up on much.


  3. #3
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    Spring City/Surrounding Philadelphia area
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    Default Re: Property Preservation Inspections

    I'd have a hard time doing any minimum level inspection like that. Where does it begin and where does it end? There are so many potential safety or "preservation" issues in a home that are not able to be seen with a cursory walk-around. Wiring in the service panel and clearances to combustibles around flue pipes in utility spaces and attics are just a couple things that come to mind.


  4. #4
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    Mar 2007
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    Orlando, FL
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    Default Re: Property Preservation Inspections

    I have done hundreds of them for banks and other groups. They are low paying surveys, often with lots of photos, or just a simple check-list survey report. "Smoke Detector: Yes/No"; "Mold Present: Yes/No", etc.

    They are really looking for quotes, or bids, not inspections. The bank wants a licensed tradesperson to oversee the process for the least amount of money. The clean-out process has almost always been completed first, thankfully, but they are everywhere down here.

    The crews I have seen doing the work look like lawn service guys trying to repair houses during their route.


  5. #5
    John Kogel's Avatar
    John Kogel is online now Member
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    Feb 2009
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    Southern Vancouver Island
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    Default Re: Property Preservation Inspections

    IMO, it's a good way for a guy starting out to make a few, very few, bucks and get a feel for real inspection work. Just learning to schedule time and find obscure addresses, stuff like that.

    There's a couple of companies that send people out to do that up here.

    You can't earn a living from it if you're buying your own gas.

    John Kogel, RHI, BC HI Lic #47455
    www.allsafehome.ca

  6. #6
    Join Date
    Mar 2007
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    Spring City/Surrounding Philadelphia area
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    Default Re: Property Preservation Inspections

    I did some relo work when I first started inspecting. The pay sucked, I sometimes had to travel to bumble#%^$ Iowa (far from SE Pennsylvania), but it was work, good experience, and the meager pay helped pay some bills. At the time, our son was less than 1 year old and still on formula which is not cheap. If I got $75.00 for a stucco ID on a house that was 80 miles from my house, I said "well, that's 3 cans of formula".

    Like John said, good experience for a guy just starting out.


  7. #7
    Join Date
    Apr 2008
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    Massachusetts
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    Default Re: Property Preservation Inspections

    Quote Originally Posted by Nick Ostrowski View Post
    If I got $75.00 for a stucco ID on a house that was 80 miles from my house, I said "well, that's 3 cans of formula".
    Ah, the circle of life. Now, it's 3 cans of Metamucil


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