“Whether you’re thinking of buying or selling, a home transaction can be an extremely stressful process,” said Jackie Chetcuti, head of Home Protection Solutions at FCT. “Buyers often fear that they may have to incur significant expenses soon after acquiring a home, and sellers may be hesitant to get an inspection at the risk of significant repair costs prior to listing their property.
“These products seek to reduce this anxiety by assessing over 400 features around the house through an
independent home inspection, and provide warranty coverage on a property’s larger, stress-inducing blind spots that are often expensive to fix.”
FCT is offering one product for buyers and another for sellers that offer comprehensive third-party home inspections with warranties that are transferable, and that cover up to $20,000.
Home purchases are usually characterized as the most expensive purchases of people’s lives, and with good reason. However, that could become compounded by something a home inspector might miss.
“When you go in as a buyer, you get a home inspector, but there’s not such a paradigm shift with a product like that because people are doing home inspections on the buy side,” said Chetcuti. “You get a full home inspection with over 400 points of data on the home, and that comes with a 21-month warranty.”
Real estate sales representatives, in particular, can save themselves headaches will unhappy clients by informing them about their different options, particularly if they’re millennials, she added.
“For a real estate agent, it’s important that people let their clients know that this is an option available in the market. It also provides more transparency around what people are buying,” said Chetcuti. “There’s a demand for information with millennials. A lot of the time, for a realtor with millennial clients, they’ll show up already knowing more about the house before you even take them through it. It puts the information out there before someone gets attached to a home and then finds something out about it.”
Source: Canadian Real Estate Wealth – 04 Jul 2018