Inspection pricing - REO Property Preservation Forum
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post #1 of 14 (permalink) Old 11-28-2017, 09:29 AM Thread Starter
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Inspection pricing

Good day. Thinking about doing some inspection work for a buddies company. Anyone know what typical pay for ( Inspections: regular, rush, interior and insurance)? What is the typical trip charge? Also why would anyone put a discount on top of a already low rate?

thanks
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post #2 of 14 (permalink) Old 11-28-2017, 12:13 PM
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Good day. Thinking about doing some inspection work for a buddies company. Anyone know what typical pay for ( Inspections: regular, rush, interior and insurance)? What is the typical trip charge? Also why would anyone put a discount on top of a already low rate?

thanks
When inspections dropped below $50.00 we quit doing them.
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post #3 of 14 (permalink) Old 11-28-2017, 03:52 PM
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Good day. Also why would anyone put a discount on top of a already low rate?

thanks
because people continue to do them at the low rate minus the discount

Stay away from fools, for you won't find knowledge on their lips.
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post #4 of 14 (permalink) Old 11-29-2017, 07:16 AM
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I honestly don't know what the going rate is for inspections these days. I've heard it said that people are completing them for under $10/ea. I find that hard to believe, but then again I find a lot of this circus hard to believe. Like Craigslist Hack, I also stopped doing inspections years ago when I could no longer negotiate a fair price. The last ones I did were at $50/ea., and at that price I struggled to make them profitable in the rural areas I cover.

I assume you're wanting to start doing this to make money? Figure out for yourself what you need to get paid per inspection to make it profitable after all your business overhead is deducted - vehicle & general liability insurance, vehicle maintenance, fuel, tires, etc., time spent inspecting is calculated - include the late nights uploading too, make sure your assumed liability is compensated for, and then offer that # up to your buddy.

Worst he can say to your required price is NO, and then you'll happily go on to the next opportunity knowing that you wouldn't have made a profit anyway.
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post #5 of 14 (permalink) Old 11-29-2017, 08:13 AM Thread Starter
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Thanks for the advice
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post #6 of 14 (permalink) Old 11-30-2017, 09:53 PM
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When inspections dropped below $50.00 we quit doing them.

LOL, and who was paying $50 ?? Not in this industry that's for sure...
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post #7 of 14 (permalink) Old 11-30-2017, 09:54 PM
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Thanks for the advice

Expect between $3-7 a pop
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post #8 of 14 (permalink) Old 12-01-2017, 08:40 AM
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LOL, and who was paying $50 ?? Not in this industry that's for sure...
No idea what other industry you might be thinking about - This is preservationtalk.com after all.

According to every P&P company I've talked to since I've been in this industry, I live in and cover one of the five notoriously hardest states in the union to cover (Alaska, Hawaii, Montana, North Dakota, Wyoming) When I started out in 2007, I completed inspections for 3 different regional P&P companies. 2 Of them were from 2007-2009 and they each paid my negotiated price of $50/inspection. The 3rd company also paid $50/inspection, sometimes much more, and I stopped working with them in 2010.

To quote MTMTNMN, my home county alone is larger than the states of Rhode Island or Delaware with 1/10th of the population. Inspections in a state with over 147,000 sparsely populated sq miles are far and few between rendering them unprofitable at almost any price.

Iíve already told you more than I know.

Last edited by PropPresPro; 12-04-2017 at 08:30 AM.
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post #9 of 14 (permalink) Old 12-04-2017, 08:20 AM
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I ran into a guy the other day doing $3 inspections. makes his money off of volume. haha
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post #10 of 14 (permalink) Old 12-04-2017, 05:12 PM
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LOL, and who was paying $50 ?? Not in this industry that's for sure...
We did them for NFR about 5 years ago for $50.00 and sometimes received trip charges also. I think back when we did them for Corelogic we were getting roughly the same pricing. MSI at one time paid well on Inspections as well.
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