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#1

Originally Posted By: Craig Shap
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icon_mrgreen.gif I had a limited conversation with a new realtor (I beleive she is new in the business)…She did not give me much information about the home based upon the questions I asked…


Anywaze can anyone give me a price range on a home priced at 1.5 million - 7 bedroom, 8 1/2 bath on a basement? Again this is all the information she was able to give me.


Any rule of thumbs out there?


Craig S.

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CAS Atl GA.
The Hometeam Inspection Service

#2

Originally Posted By: mrose
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Hi Craig,


A house like you described will take up your whole day. I suggest a charge of 2.5 time the price for your typical home. For example if your typical inspection fee is $300.00 then the fee for the one you described would be $750.00

I will see you at the Atlanta meeting.

Best regards,

--
Mike Rose
Cornerstone Home Inspection Co. LLC
Lawrenceville, GA

www.cornerstonehomeinspect.com

#3

Originally Posted By: jpeck
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Craig Shapiro wrote:
can anyone give me a price range on a home priced at 1.5 million


Yeah, 1.5 million. (Okay, that was a smart a$$ answer, but that was the question. ![icon_smile.gif](upload://b6iczyK1ETUUqRUc4PAkX83GF2O.gif) )

Depends on your fee structure and how you price.

I know inspectors in my area who would do it for less than $500-750 (not me).

I also know inspectors in my area who get $2,500-3,000 for that same house (me).

You need to keep it consistent with your fee structure.

--
Jerry Peck
South Florida
#4

Originally Posted By: tgardner
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My fee for that would be based on the value of the house rather than all of the RE. But for a house of that value,and size, I would charge, 1500-2000. My inspection would take most of the day, and you can bet your BP I would cross check everything I found. A client with the money to buy that house would expect to pay that much or more. If he balked at the price, I would balk at doing the inspection.


IMOSHO, tg

#5

Originally Posted By: lwilliams
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Some inspectors use a $$/square footage rate, bigger home, bigger price…

#6

Originally Posted By: dbowers
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Gosh a house like that would have at least 2 maybe even 3 A/C units and furnaces. It would take most of my competitors at least 3 hours, and cost at least $350 (but that would include termite and radon tests). Remember we’re part of the bigger picture and want the buyers to have a memorable EXPERIENCE so they can give positive feedback on surveys, or is that another Web Site.


Dan Bowers

#7

Originally Posted By: kpapp
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If you base it on the cost of the home…0.1% of 1.5million is $1500…0.15% of $2250… and 0.2% is $3000


If you tell them you figured the price on only 2 tenths of a percent of the price of the home then it doesn't sound too back if you look at what the realtor is getting and that can be as much as 10% or more

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_______________________________________
If you dont have time to do it right the first time, When will you have the time to go back and fix it?

#8

Originally Posted By: hjavier
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I did a 6000sf Home in palm springs for $5000.00 (I wanted to make sure it was worth the 2.5 hour drive to get there… I was amazed the buyer agreed to it…maybe I should have charged more)


it was a 1.75 million dollar home 8 furnaces, 8 A/C units, 5 fireplaces.


3 kitchens 8 bathrooms and about a billion rooms etc… my brother is a HVAC engineer and I had him check out all the HVAC equipment. I did everything else…


I gave him a grand and I kept the rest…


Camped overnight in the desert and went quail hunting the next day.


we shot our limit…


It was the best weekend ever!


...I did the pool for free.

--
Hendrie Javier
The House Mouse Inspection Services LLC
"Inspected as expected"

#9

Originally Posted By: lschmid
This post was automatically imported from our archived forum.


I think you need to be consistent with your fee structure. If it is set based on your expenses/profits, then just plug in the numbers and get a fair value. It it is fair to you and to the client, you both win. This way you never have to try remembering what you charged someone else, or explaining the difference to someone. Just a thought.

–
Larry Schmid


First Choice Home Inspection,Inc.


South Carolina Chapter President


www.1stchoicehomeinspection.com


A SAFE HOME IS A HAPPY HOME

#10

Originally Posted By: Craig Shap
This post was automatically imported from our archived forum.


Thanks to all that have replied in such a quick responce… I value all said…The most accurate responce I have for the realtor is;


a) check out the home first.


b) How many furnaces & AC units


c)Knowing the home will take all day - adding additional reporting documentation time.


d) Bring in additional team member(s)


e)I was figuring on over 1,000.00 - 1,500.00 range

–
CAS Atl GA.


The Hometeam Inspection Service

#11

Originally Posted By: rray
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Craig is a HomeTeam franchise for those of you who don’t know. Look forward to seeing that little “no” by your name disappear, Craig. See you back at the HomeTeam intranet.


![icon_twisted.gif](upload://xjO326gspdTNE5QS3UTl0a0Rtvy.gif)

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Home inspections. . . .
One home at a time.