No matter how many times I read the “faqs” about the buy back program, I still don’t understand how it’s even possible or why someone would have interNACHI buy the house back because of a “broken gfci” (11 out of 15 that Nick said).
It seems completely insane that a buyer would go through all the headaches and credit checks, bank loans, moving costs etc. and then use the program because of a broken gfci.
My questions is: with all of the “limitations” that the SOP has (boiler inspection, roof inspection, inaccessible panels, attic and crawlspace hatches etc) how is it possible to be apart of the program if there is a reasonably long list of areas where you aren’t required to inspect?
Does the program only work for areas not covered in the limitations?
How can one tell that “broken gfci’s” were or were not accessible to see if they were broken or not?
I think the program is great, but only great if it’s used correctly/honestly.
There’s an old saying… “Follow the money”.
How is that “abuse” ?
I agree the BB is not all it’s cracked up to be, but if Nick authorizes the purchase, it’s not “abuse”.
Customer abuse bud, calm down.
I thought it was “Show me the moneeeeyyyy!!!” Jerry McGuire reference. Sorry!
Who’s not calm?
Is that what they said was the reason for A Client not wanting the home and using the BB program…a GFCI that was not working? Is there a tread that talks about this? And Yes it is abuse (cuz it does say “buy your home back if the participating interNachi inspector misses something they should not have”) but it is a marketing and a PR thing. I’m sure that when Nick checked the Market in the area of the home, A profit could still be made on the house after the major expense of replacing the $22.99 GFCI. And buying back a certain number of homes is needed to make the program at all legitimate. Even if the buyer’s reason for the claim is bogus.
But Yes, it would not be good to set a president that it is the fault (and reason to sue) an inspector for things that are hidden or otherwise covered in the SOPs.