Low interest rates put home inspectors in demand

Updated: Jul. 16, 2020 at 6:24 PM EDT
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WATERTOWN, N.Y. (WWNY) - Homebuyers are swiping up “For Sale” properties just days after they are put on the market and interest rates are some of the lowest they have ever been.

Because of that, Scott Ruttan's home inspection company, Pro-Spec, is facing major delays.

“Somebody calls, I’m able to schedule or get to the inspection I would say anywhere from three days to seven days from that call,” he said. “The past two months I’ve been anywhere from two-and-a-half to three-and-a-half weeks out due to the current situation.”

Marsha Gibbons, owner of TLC Real Estate in Carthage, says the market boom is unusual with so few houses listed.  

“In the seven years I have been selling real estate, I believe COVID-19, people aren’t listing homes as much as the typical spring/summer, so it’s definitely a seller’s market.”

Gibbons says home buyers are a little worried about not being able to book a home inspection but she wants them to know they can work with you.

“You just let them know that we will work it out, get an addendum, and get things changed,” she said.

With COVID-19 restrictions, many homebuyers have not stepped foot in their new home and need inspectors to be their eyes.

“People have to limit the exposure or access into the homes so they’re relying on home inspectors much more nowadays to go in, check out the things that they can’t see, and answer the questions they have about the home,” Ruttan said.

It’s one more box to check on the inspection list.

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