A Property Inspection Report Template is a single document that all real estate agents will need to know how to use. Most people do not know that the “Property Inspection Report” is actually a real estate term, not an acronym for some obscure college course. It is a business standard and means exactly what it says.
The Property Inspection Report template is a four-page document that can be used by any real estate agent to prepare a Property Inspection Report. It outlines the most basic information regarding the property.
It is broken down into two sections: the first being a General Property Condition (GPC) section. This is where the agent states the general condition of the property. A GPC section is used for all types of real estate transactions, from leasing to buying.
The second section of the Property Inspection Report template is the Financial Statement section. This section is the section where the agent describes how much money is in the bank account and other financial information. This section should not be skipped, as it is very important to your agent’s business.
The last section of the Property Inspection Report template is the Audit Section. This section provides the agent with the reports and documents that will be needed for the next step. These include:
The Accounts Receivable is used for any types of accounting that may be required for future transactions, and the Bad Debts section lists the potential unsecured debts that may be facing the agent. Many agents that are able to handle these problems will most likely require these reports and documents, which should be a given with any real estate transaction.
Now, let’s take a look at the inspection report template that will be used by a real estate agent. You will notice that this template is very basic. The most important information will be outlined on the GPC section of the Property Inspection Report.
The next item is the Accounting/Financing Information, which describes the finances and loans involved in the transaction. This information will be useful for the closing of the sale, so it should be carefully researched before it is included in the report. After all, you do not want to miss out any important details or findings during the closing.