With more and more inspectors using software to generate their reports which now often includes pictures, fewer buyers are feeling an absolute need to accompany the inspector during the inspection. Online report uploading and hosting (an existing free NACHI service available to members) is also increasing the number of absentee clients. Why attend the inspection when the detailed report with pictures is available online? Furthermore, many working couples find it diffictult to take off work to attend the inspection. And then there are the out-of-town buyers as well.
The result is more and more inspectors being unable to collect the inspection fee on-site… the client isn’t on-site.
It is estimated that more than 1/4th of all inspections are not paid for on-site.
I am asking if NACHI members who carry receivables would like their money tomorrow? And if so, would it be worth 15% to you to have your receivables factored (have a finance company buy your invoice for 85 cents on the dollar and pay you now)?
Let us say you do an inspection for a client who doesn’t show up for the inspection or for a REALTOR who wants to pay you at closing or for a RELO company that is slow pay. Would you be willing to trade 15% in return for getting your money instantly? No fuss, no muss. Fax us the invoice and the money goes into your bank account.
Is this of any interest to anyone?
I know that back when I was in the inspection business I would have jumped on it. I could have raised my prices 4% to cover the 15% factoring fee on the 25% of inspections that I didn’t collect on-site and it would have used the cash flow to grow my business faster.
How about you? I’m interested in knowing that if I launch this service, will anyone use it?