I only spoke to Porch about it for the first time a couple days ago when the CEO scheduled another visit to InterNACHI’s Boulder operation on October 30th.
I think it does. How would increasing the number of inspections in the industry, landing inspections for members that they normally would find difficulty in getting, eliminating members’ liability, and target marketing members’ inspection businesses… not be “in line with InterNACHI’s mission statement?”
We don’t want to be your business partner! We want to be an optional, additional, full price-paying, low liability, client who gets you work you likely struggle to land yourself and who also gets you additional direct work from agents and consumers in your town.
No law requires you to accept work from every client so feel free to pass.
Agreement/download suggestion:
Nate’s nail that he was hanging his hat on in the video is that disclosure laws would force the seller to disclose the inspection report for free. The real question is when does the buyer receive disclosure statements? The answer takes all the wind out of Nate’s argument.
In most markets, disclosures are provided to buyers AFTER the seller has accepted their offer.
In the few markets where sellers have to provide these disclosures before an offer, the seller is not required to give anyone and everyone full disclosure on their property. The buyer has to prove they are a bona fide buyer, and that bar can be set by the seller. Are you pre-approved? Are you a real-estate professional or under contract with one? Once they “qualify” as a buyer, it may be true that they can get information on known defects for free.
Nick, I would guess, is counting on people in the early stages of interest that want the info for expedience sake, and not someone who is going to take high hurdles in avoiding spending $39 for information they can study at their own leisure. I’d think even in “early disclosure” markets, the demand would be about the same for the $39 reports as any other market, but only the market can determine that.
I’d have given my eye teeth and $39 for this info when bidding on foreclosed flips,
Nick how the agent will benefit from this program?
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I thought You (Nachi) is our client, the seller would just be a third party thus no legal relationship would exist between them and us. That being said how could they sue us?
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Wouldn’t this make e&o insurance not needed?
Thanks
Jim
Wait, what the hell does Porch have anything to do with this?
Why you or anyone need to talk to Porch about any of this???
ding…ding…ding ;-)
Really?..
Yes, really.
because on page 1
Nick said this has nothing to do with Porch.
Now he needs to talk to them? Why?
I see $100 Porch gift certificates will now be handed out.
“In terms of an InterNACHI/Porch relationship, what Nick and I have been working on is trying to make the InterNACHI Buy Back Guarantee available for free to all inspectors (or at least all InterNACHI members) as well as provide $100 of Handyman Services for each of your customers.” -Matt Ehrlichman CEO, Porch
Zillow’s leads to agents are crap: Most are people who really aren’t serious about buying a home. But a consumer who pays something, even a few dollars, to download information about a home is a really hot real estate lead. Boiling hot. So we are going to ask every consumer who downloads a report one question: “Thank you for downloading more information about this home. If you are not currently working with a real estate agent, would you like the listing agent of this property to contact you to help you with your real estate needs?” If the consumer answers YES, we put your agent and the consumer in touch with each other. Agents are going to start delivering doughnuts to YOUR offices… lol.
Can’t.
At a minimum, it wouldn’t be needed to pay your defense costs should your client sue you because InterNACHI would never sue you. Your insurance company should be pretty happy with this program and if yours isn’t, click on this link: www.nachi.org/insurance . We’ll insure you.
Nothing yet, but if I can get Porch to sweeten the incentives on any side of this so that we generate more inspections, I’m going to try to do that.
I didn’t “need” to. I wanted to. I’m one of the owners of Porch, why wouldn’t I try to leverage my ownership in Porch to try to get us more inspections? Any ideas on how we could use them?
Given all the bad feeling over Porch buying into ISN, I’d say keep Porch as far away from this as possible.
After, that’s why you said you bought into Porch, to protect members from them being involved in our business.
There is zero reason to involve Porch in any of this.
I admit we only tried this at one auction and we got 130 downloads. I think the product is great for foreclosures, auctions, high-end homes, and deals with out-of-town buyers who take an interest in a property, but don’t want to buy a plane ticket before learning more.
You’ve played football. An inch can decide the outcome of a game. What if the leverage from my small ownership position in Porch is the difference between the program failing and the program infusing 500,000 additional inspections a year into our profession? I can’t worry about hurt feelings when members are trying to put food on the table for their families.
It’s becoming more clear.