Solid Rock Inspections Group Now Offering Pay At Closing Inspections
The pay at closing inspections program allows homebuyers to pay for their home inspection at the time of closing instead of at time of service. Homebuyers who are either reserving on-hand cash, or hesitant to put large purchases on a credit card while the close is pending, now have a pay-later option to ensure a more comfortable home buying experience. The pay at closing program is handled by Guardian Inspection Payments and is designed to give the new homeowner peace of mind during the inspection process.
Push Payment For Property Inspections To Closing
Home appraisal fees are often paid for at the time of closing. Why shouldn't inspection fees work the same way?
- Excellent option for homebuyers limited on funds at time of inspection.
- Provides the ability to add more inspection services that are important for the home purchase.
- Easier financial planning by having all home buying-related fees scheduled for payment on set date.
The Pay-At-Close Program allows home buyers to pay for their home inspection at the time of closing instead of at time of service. Home buyers that are either reserving on hand cash, or hesitant to put large purchases on a credit card while the close is pending, now have a pay-later option to ensure a more comfortable home-buying experience.
How Does The Pay At Closing Inspections Program Work?
- Once the inspection has been booked, we will send an invoice for the amount owed. The client can then choose Pay-At-Close as their method of payment.
- The client has two options. If they have their closing/title company information, they can enter it here (screenshot A). If they do NOT have their closing/title company information, they can select the "I don't have my closing company info", and their agent will be contacted to fill in these details for them (screenshot B). **If Guardian doesn't have the client's title info within 5 business days, we reserve the right to charge their credit card.
(Please note that ACH/E-check payments may not be available for all inspections and varies by inspection companies who have this service activated)
After selecting how to proceed with the closing/title info, the client can then sign the Pay-At-Close agreement at the bottom of the page.
There will still be a requirement for credit card information to be entered. Note that this is only used as a backup payment in the event that the sale doesn't close. An amount of 0.01 will be charged to the card on file for validating purposes only. No other charges will be made to this card as long as the sale makes it to closing.
Frequently Asked Questions About Pay At Closing Inspections
How is Pay-At-Close on home inspections communicated to the loan officer?
As soon as the title company information has been sent to Guardian, Guardian reaches out to the title company to communicate the inspection fees being added at closing. This is done well ahead of time so that there are no surprises at the closing office.
Does the client have to pay extra for Pay-At-Close on home inspections?
No. The Pay At Closing Inspections service is offered at no charge to the homebuyer.
What happens if a client doesn’t know their title company?
If the client doesn’t know their title company, they can click the box at checkout that says, “I don’t have my closing company info”, and their agent will be contacted to fill in these details for them.
What happens if the homebuyer changes title companies?
If the homebuyer changes title companies, they can either give the information to their agent to reach out to Guardian or can contact Guardian directly at 1-800-608-7363.
What is Guardian’s process for collecting payment from the client?
Guardian handles all aspects of collecting payment from the title company or client if the transaction does not make it to title. In all situations, we are representing ourselves as Guardian and not the home inspector or the real estate agent. The agreement / invoice that ISN generates is sent to the designated title company for payment. If Guardian is made aware of a canceled transaction or goes past 60 days from the time of inspection, Guardian will bill the credit card that the customer provided when signing the agreement. Once the amount has been billed to the credit card, Guardian will attempt to reach the client and let them know. We recognize the importance of treating the client fairly and with respect. We anticipate that most transactions that do not make it to title will be paid with the credit card on file and that only a small percentage should have to be collected through an actual collections process.
Don't Sweat The Inspection. Pay At Closing Inspections From Solid Rock Inspections Group Are A Breeze
Buying a new home should be an exciting and fun process. In order to keep it that way, we've made it easy to take the stress out of the inspection process. Learn more about pay at closing inspections and schedule your next professional property inspection with Solid Rock Inspections Group, call us at (727) 386-8627 today or contact us on our website here. We look forward to serving you and protecting your largest investment, your home.