The Certified Resale Home combines a pre-listing home inspection and warranty offered through FCT in partnership with AmeriSpec Inspection Services to protect consumers purchasing a resale home.

This innovative service combines a comprehensive, independent pre-listing home inspection with an 18-month warranty from FCT — transferrable from seller to buyer. The warranty covers important systems and components of the home that may be difficult to assess during the home inspection because of seasonality or accessibility, and often create the most anxiety for home owners, particularly from a financial perspective. The coverage offers a maximum of $20,000 for the repair and/or replacement of the foundation, roof, heating and cooling systems.

If you still have doubts about the value of the service, we have the answers to some common myths.

amerispec certified resale home inspection

1. I DON’T NEED IT TO SELL A HOME IN TODAY’S MARKET
  • When value all looks the same, commission becomes the issue – differentiate your value proposition so that your services do not become commoditized
  • Markets change – build your brand cadence around the service as an early adopter and reap its rewards as the market shifts
  • Millennials demand information and transparency
  • It is optimized for multiple offers – information transparency and risk mitigation builds trust and confidence by reducing buyer anxiety
  • It is good for all the participants and the transaction by taking the ‘high road’ it positions you favourably with clients and enhances lead generation
2. IT IS TOO EXPENSIVE
  • $689 plus HST – on a $1M home that is negligible
  • It represents less than 2.5% of total sell side commission (assuming a 2.5% split) – but client satisfaction is sky high which = referrals
  • Value of getting the best possible offer, quicker vs. ‘other’ spend (staging, photography, ads) – and remember you can pay for CRH, split the cost, have the seller pay or reimburse the seller on closing
3. I CAN SEE WHETHER A HOME HAS ISSUES THAT NEED FIXING, I DON’T NEED CRH
  • Your responsibility is not what you did know about the property but what you should have known
  • A home inspector can’t see behind walls, may not be able to inspect a roof covered in snow or test an air conditioner in winter
4. NOT ENOUGH COVERAGE FOR ITEMS AND $ AMOUNT
  • The Certified Resale Home warranty coverage is focused on ‘blind spots’ in home inspections because they create anxiety for home owners
  • These were identified in the consumer research we undertook prior to devising the service
  • There is no other service in the Ontario market that provides $20,000 worth of coverage for 18 months
  • There are no sub-caps on the 4 core items – if the roof has a leak and the shingles need to be completely replaced coverage room is available to do that
5. THERE ARE OTHER PRODUCTS IN THE MARKET
  • These products involve multiple parties – broker and insurer rather than one well-known brand – FCT – been in business for 25 years and paid out hundreds of millions in claims
  • Foundation and Roof are not covered – the risk of claims is too great for these competitors
  • There is less available coverage – $5,000-10,000 with sub-caps and age limits
  • Terms are usually 6-12 months only
  • They charge per item service calls
6. I HAVE A HOME INSPECTOR THAT I ALREADY USE FOR ALL OF MY DEALS
  • Trust and credibility through impartiality – third party quarterback
  • AmeriSpec Inspection Services and FCT are well known brands in the Canadian real estate market
7. MY CLIENTS HAVE HOME INSURANCE ALREADY
  • It is complemented by CRH coverage – covers home owner risk gaps
  • If the foundation has a leak CRH will address the source of the leak, home insurance will address damage to contents, fixtures, fittings
  • Home insurance will not repair or replace a broken down air conditioner or furnace, nor will it cover the cost to repair the roof if a leak occurs