MIC Success Poll

[Nick Gromicko]

OK. Done: http://www.nachi.org/forum/f62/do-yo...rtified-53276/

[Blaine Wiley]

An agent that I took to lunch told me the only way he would recommend an MIC or "seller inspection" was if I could guarantee that I could guarantee that every defect would be found...

The listing agent knows that any buyer's agent worth salt will have their buyer get a home inspection, and that opinions vary greatly between inspectors. (read this board for proof of that) Most see no reason, regardless of any program or warranty to have the seller get an inspection and fix defects that may or may not be found during the next inspection.

My opinion and that of the agents may be jaded however, since most of the homes being sold in this area are foreclosures and short sales, and the program would be of little value with almost all homes being sold "as-is".

[Joseph Burkeson, CMI]

Originally Posted by bwiley

An agent that I took to lunch told me the only way he would recommend an MIC or "seller inspection" was if I could guarantee that I could guarantee that every defect would be found...

The listing agent knows that any buyer's agent worth salt will have their buyer get a home inspection, and that opinions vary greatly between inspectors. (read this board for proof of that) Most see no reason, regardless of any program or warranty to have the seller get an inspection and fix defects that may or may not be found during the next inspection.

My opinion and that of the agents may be jaded however, since most of the homes being sold in this area are foreclosures and short sales, and the program would be of little value with almost all homes being sold "as-is".

Licensing is just the first step, the real thing that Realtors want is standardization with reporting limits, then buyer's & seller's reports should begin to align.

[Brian K. Smith]

How about NEVER! ZERO! Its all BANK OWNED around here....banks do not want to spend $$$ on anything if they can help it....MIC is a awsome deal however when your seller is a bank and they are out to make all the $$$ they can now what....

[Brian E. Kelly]

Originally Posted by jpope

Are you implying that sellers inspections and MIC inspection are one and the same?

Not exactly the same Jeff, but there are some similarities.

I worded it as "Seller" Inspections, because most of know, that pretty much No One is doing MIC Inspections.

[Jeffrey R. Pope]

MIC is a "marketing campaign" (essentially) for the seller and sellers agent. Once we've performed the inspection, the rest is out of our hands.

Nick may be right (I haven't looked deeply into the specifics) that there are limitations of liability based on the wording of the MIC program, but that "protection" only applies once it gets into litigation.

Unfortunately, there are unscrupulous parties that can use this program to deceive potential buyers. In such a case, the inspector will certainly be seen as a co-conspirator.

[Brian E. Kelly]

Well not one Pre Listing Inspection in 2010, it seems like People Short Selling or being Foreclosed on just do not want one....

Imagine that?

[James L. Keilson]

I didn't really give MIC much thought in the past. I "Might" give it a try now in 2011. I have a few upscale Realtors I work with that might even eat the inspection cost and just use MIC as a marketing tool. These few Realtors even pay for and include a home owners 1 year warranty with each sale, so they don't mind spending a few bucks out of their profits to make their volume go up.

Jim