Home-Wise Estimations plays a critical role in the real estate process by filling a crucial gap left by home inspectors, who are typically prohibited (legally and ethically) from providing cost estimates for repairs noted in a home inspection report. Here’s why Home-Wise Estimations is so important:
1. Home Inspectors Can’t Provide Repair Costs
Standards of Practice (set by organizations like ASHI, InterNACHI, or state laws) prevent inspectors from estimating costs due to:
Liability concerns
Lack of specialized contractor knowledge
Avoiding conflicts of interest (they aren’t supposed to refer or promote specific repair services)
2. Real Estate Deals Depend on Accurate Repair Estimates
Buyers and sellers need to understand the potential cost of repairs in order to:
Negotiate the final sale price
Decide whether to request repairs or credits
Budget for upcoming maintenance or upgrades
3. Home-Wise Estimations Provides a Neutral, Professional Solution
Offers third-party cost breakdowns based on national/local averages, specific to the issues flagged in the inspection report.
Helps agents, buyers, and sellers make informed decisions without waiting on contractors, which can delay transactions.
4. Speed and Convenience
Real estate timelines are fast-paced.
Home-Wise Estimations can quickly generate realistic repair cost estimates that help keep deals on track.
5. Reduces Disputes and Builds Trust
Having a standardized, unbiased estimate reduces friction between buyers and sellers over repair costs.
It gives agents and clients confidence that numbers are grounded in market data—not speculation.