PAY WHEN YOU CLOSE, WITH FLEXFUND!
Vital Home Inspections’ complimentary Pay-At-Close option allows home buyers to pay for their home inspection at the time of closing instead of at time of service. Plus, additional services such as sewer scope or mold testing may be added.
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. Pay nothing until closing – at no additional cost! This option is only available for home inspections that total $600 or more.
Home appraisal fees are often paid for at the time of closing.
Why shouldn't inspection fees work the same way?
Excellent option for home buyers limited on funds at time of inspection.
Provides the ability to add more inspection service that are important for the home purchase.
Easier financial planning by having all home buying-related fees scheduled for payment on set date.
HOW IT WORKS
Once the inspection has been booked, we will send an invoice for the amount owed. The client can then choose FlexFund as their method of payment.
The client has two options.
- 1. If they have their closing/title company information, they can enter on the checkout page.
- 2. 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.
** If Guardian doesn’t have title information within 5 business days, we reserve the right to charge the client’s credit card.
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.
Please Note:
Pay-at-Closing option is only available for home inspections that total $600 or more.
FREQUENTLY ASKED QUESTIONS ABOUT FLEXFUND (PAY-AT-CLOSE)
How is FlexFund (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 FlexFund (Pay-at-Close) on home inspections?
No, FlexFund (Pay-at-Close) is offered at no charge to the homebuyer. However, this option is only available for home inspections that total $600 or more.
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.