Inspections , inspections , inspections - REO Property Preservation Forum
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post #1 of 42 (permalink) Old 09-30-2015, 10:12 AM Thread Starter
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Inspections , inspections , inspections

Daily most of us on any of the media social sites, advertise or complain about doing inspections, the biggest is the fee. So my question is, what's a fair market fee for this type of service? Not based on volume either, but just a fair price that anyone starting out can charge , make a profit and still be able stay in the line of work they've chosen?
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post #2 of 42 (permalink) Old 09-30-2015, 10:48 AM
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Daily most of us on any of the media social sites, advertise or complain about doing inspections, the biggest is the fee. So my question is, what's a fair market fee for this type of service? Not based on volume either, but just a fair price that anyone starting out can charge , make a profit and still be able stay in the line of work they've chosen?
300 for HPIR type inspections

75.00 for walk through

25-35 for drive by
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post #3 of 42 (permalink) Old 09-30-2015, 08:39 PM
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300 for HPIR type inspections

75.00 for walk through

25-35 for drive by

I agree with these numbers, but in this industry it's just a pipe dream. The nationals are paying from what I have seen a max of $7.50 and good luck getting anywhere near that.
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post #4 of 42 (permalink) Old 09-30-2015, 09:31 PM
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I agree with these numbers, but in this industry it's just a pipe dream. The nationals are paying from what I have seen a max of $7.50 and good luck getting anywhere near that.
When you say "from what I've seen" I automatically know you haven't looked in the right places.
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post #5 of 42 (permalink) Old 10-04-2015, 08:31 PM
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When you say "from what I've seen" I automatically know you haven't looked in the right places.
Of course I'm new at this as well, but with the few that have contacted me that is what they offer for occupancy/foreclosure Inspections and I said DUHHHHHH! Then they called back offering up to 50 cents a mile trip charge. Insurance Inspections they offered 15$....lol! I think the few that I talked with were regional s.
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post #6 of 42 (permalink) Old 10-04-2015, 08:53 PM
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Of course I'm new at this as well, but with the few that have contacted me that is what they offer for occupancy/foreclosure Inspections and I said DUHHHHHH! Then they called back offering up to 50 cents a mile trip charge. Insurance Inspections they offered 15$....lol! I think the few that I talked with were regional s.

Ask yourself why they are contacting you? There are hundreds of contractors in every phone book. There are dozens of companies like mine and the other Vets around here in every market. So why if they have so much work and you can make so much money are the contacting YOU? After all you are a new guy no offense to you I'm simply pointing out that they know better than to try and waste my time. They hope you will be naive enough to drink their kool aide.
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post #7 of 42 (permalink) Old 10-04-2015, 10:08 PM
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I have to agree, but at the same time if you are only going to do 1 inspection and turning around, it better either be around the corner from my house/office, or it better be over $100 ea. So there is a point that volume does take into account. You aren't going out to do just 1 inspection, you should aim to do 30-50 for a newbie doing it the way they request. There are tons of types of inspections and they should all have different fees. If they are only asking for a drive by, I can't see getting more than $10 and I think that is going to be hard to attain. Vacant walkthroughs are a different story and insurance inspections aren't bad, but $15 ea is terrible, especially if that includes a drawing. The interior insurance ones pay decent, but are time consuming and most of the time in the evening or weekends. Try commercial inspections, they pay much better.
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post #8 of 42 (permalink) Old 10-04-2015, 10:37 PM
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I have to agree, but at the same time if you are only going to do 1 inspection and turning around, it better either be around the corner from my house/office, or it better be over $100 ea. So there is a point that volume does take into account. You aren't going out to do just 1 inspection, you should aim to do 30-50 for a newbie doing it the way they request. There are tons of types of inspections and they should all have different fees. If they are only asking for a drive by, I can't see getting more than $10 and I think that is going to be hard to attain. Vacant walkthroughs are a different story and insurance inspections aren't bad, but $15 ea is terrible, especially if that includes a drawing. The interior insurance ones pay decent, but are time consuming and most of the time in the evening or weekends. Try commercial inspections, they pay much better.

There where 38 NEW foreclosures in the state of Montana in August. Inspections are 20-25 miles apart for us on average. No volume to be had here. $20-$25 each and mileage at $1 a mile and i get it.
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post #9 of 42 (permalink) Old 10-05-2015, 06:40 AM
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I have to agree, but at the same time if you are only going to do 1 inspection and turning around, it better either be around the corner from my house/office, or it better be over $100 ea. So there is a point that volume does take into account. You aren't going out to do just 1 inspection, you should aim to do 30-50 for a newbie doing it the way they request. There are tons of types of inspections and they should all have different fees. If they are only asking for a drive by, I can't see getting more than $10 and I think that is going to be hard to attain. Vacant walkthroughs are a different story and insurance inspections aren't bad, but $15 ea is terrible, especially if that includes a drawing. The interior insurance ones pay decent, but are time consuming and most of the time in the evening or weekends. Try commercial inspections, they pay much better.

You have been price conditioned.
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post #10 of 42 (permalink) Old 10-05-2015, 07:09 PM
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You have been price conditioned.

Your right I might have been price conditioned, but finding any type of volume for the $20-25 range is nearly impossible here. I live in NJ and population is high as well as the rate of foreclosures. As for doing this work in Montana, it seems more like a part time thing based on the foreclosure rate
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