Did you know that mortgage inspections paid 200% more about 25 years ago? Photos paid $1.50 each. Back then, few photos were required. Today, an average of 7 FREE photos are required … because mortgage inspectors cannot be trusted. Insurance was not required 25 years ago. Today, expect to pay out about $1,200 for E&O insurance on day one.
The average price for gas in New Jersey today is $2.27. The price will go to about $2.50 when the 23-cents gas tax is added on November 1st. The profit on a $3 mortgage inspection is “maybe” $1.50. Higher gas taxes will mean lower profits. Expect to pay more for health insurance and all other living expenses in 2017. The 2017 profit on a mortgage inspection will be close to $1.00. How are those $3 mortgage inspections working for you as you wear out your car? The “chicks” will love your worn-out car.