Originally posted by Laneman:
An inspector checks homes VERY thouroughly
This depends on who does the inspection. There are some "discount" inspectors out there who will do a $150 inspection in about an hour. Some buyers are attracted to the low price, but don't realize that they are taking a chance. A good inspection takes 2 1/2 to 3 hours and should cost 250-300 (homes under 2000 sq ft)in Texas.
While that might generally be true, one should never use price alone to choose the home inspector. There are companies like mine that use teams of inspectors who can do a 2000 SF home in the time that it takes the dishwasher to run through its short cycle.
And then there are home inspectors just getting started who are the low man on the totem pole regarding price. That's not necessarily bad if he has the experience, knowledge, etc., to get the job done right. After all, someone has to be the low man on the totem pole. If we all had the same price, it could be seen as collusion and price-fixing, definitely illegal.
Remember that Microsoft gave away its software for a couple of years in order to "get started."
I always caution my callers to ask about price third. First, ask if your prospective home inspector carries errors and omissions insurance and is willing to provide a copy of his declarations page (that's what declarations pages are made for). With the price of real estate here in San Diego, and the cost of E&O insurance, it's been estimated that at least half of the home inspectors here don't carry E&O insurance. Is that really a responsible business person for this industry? You decide.
Second, ask if your prospective home inspector is a member of any trade association (NACHI, ASHI, CREIA, SPREI, FABI, etc.) or business association (BBB, etc.).
Insurance is expensive. Association memberships are expensive, time consuming in order to get annual CECs, etc.
Based on the answers to the first two questions, one typically will have a very good indication of the price that specific home inspector charges.