What about payment?

While the forms of payment inspection companies accept vary among inspection firms, payment is typically due upon completion of the inspection.

In order to maintain their position as impartial third parties with no ties to the sale of the properties they inspect, most inspection companies do not defer payment until the closing of the real estate transaction or of escrow. When payment for the inspection is, in any way, contingent on the closing, it creates the appearance of a potential conflict of interest for the inspection company.

In addition, most inspection companies are small businesses that do not want to increase their costs by having to “chase” accounts due. Such costs would have to be passed on to their customers in the form of higher inspection fees.