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 Home Inspection: "Good Value For The Price"

A study of the home inspection industry undertaken by the National Association of REALTORS® and the American Society of Home Inspectors ASHI revealed that ninety-seven (97%) percent of the home buyers they interviewed who had a home inspection believe that it was a "good value for the price."

The first-ever study also revealed that seventy-seven (77%) percent of all recent home buyers obtained a home inspection prior to the purchase of their homes. These findings indicate that home inspectors, professionals hired to inspect homes bought and sold, have become an integral part of the real estate
process.

"It's clear from this survey that home inspections are utilized  more now than ever before," said ASHI President John Ghent of the study that surveyed 1,000 home buyers and 900 real estate
agents. "We're also happy to hear that consumers are more confident buying or selling a home when they involve home inspection professionals."

Some of the key findings from the telephone interview study conducted by Market Enhancement Group, Inc., with home buyers and real estate agents involved in a real estate transaction within the 1st.. 18 months, were as follows:
Nearly all realtors (99%) nationally recommend that the buyer get a home inspection, with 92% saying they
always make this recommendation, and an additional 7% saying they often do so. Of the seventy-seven (77%) percent of all recent homebuyers nationally who obtained a home inspection:
81% had a contingency placed in the contract for the inspection. 79% attended and participated in the home
inspection. 97% believe that the home inspection was a good value for the price they paid.

The Northeast region had the lowest rate of getting a home inspection (70%) whereas the West region had the highest rate at 81%.
Twenty-three (23%) percent of home buyers nationally did not have a home inspection prior to purchase, with
more than a third of them expressing the reason as they were buying a newly constructed home.

More than half (54%) of home buyers had knowledge of the inspector being a member of a professional home inspector organization, with 18% of them citing the organization as the American Society of Home Inspectors (ASHI).

Most realtors (84%) have not had any sellers contracts terminated as a result of a home inspection, with the
highest ratio in the West Region (87%) and the Northeast Region (86%), with the Midwest and South Regions  close behind (81% each).

The American Society of Home Inspectors (ASHI), formed in 1976, is the oldest, most respected, and largest professional organization of home inspectors in North America. Its mission is  to promote excellence and exemplary practice within the profession. ASHI's Standards of Practice and Code of Ethics
are the recognized guidelines for the home inspection profession.

The National Association of Realtors® is America's largest trade association representing nearly 760,000 members involved in all aspects of the residential and commercial real estate
industries. Membership is composed of residential and commercial Realtors who are brokers, salespeople, property managers, appraisers, counselors and others engaged in all aspects of the real estate industry.

If you would like to arrange for any of our services
Please call us at: (631)-243-6642 or (516) 942-0009

Out of area? call Toll free at 1-877 814-4775
NYS. license Home Inspector John Graham # 16050000054
(call 7 days a week from 9am to 9pm)
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