Video review and noted by Kimberly Weiss and summarized by Microsoft CoPilot. 

 🎥 Originally recorded on February 5, 2020, Bill Warner’s “Top 10 Inspection Myths” remains an insightful and practical resource for anyone navigating property acquisition. Whether you're a seasoned investor or a first-time buyer, this video cuts through the noise and exposes the misconceptions that can cost you thousands—or worse, leave you with a property full of hidden issues.

Even 5 years on from when Greater Dayton REIA recorded this video with Bill Warner, his myth-busting framework still totally holds up. Here’s why it’s still essential viewing today:

🔍 Myth #10: “The Bank Already Ordered the Inspection”

This one still trips up buyers because the terms appraisal and inspection are sometimes used interchangeably, when they are not the same. Warner clarifies the critical difference between an appraisal and an inspection:

• Appraisal = Value assessment based on visible features and market data.
• Inspection = Deep dive into the property’s condition, systems, and potential risks.

Banks care about collateral. You should care about what you're actually buying.

⚠️ Myth #9: “Inspectors Will Find Everything That’s Wrong”

Inspections aren’t X-rays. They’re designed to uncover major issues—structural failures, safety hazards, plumbing leaks—not every minor flaw. Concealed defects and cosmetic quirks may go unnoticed. The goal is risk management, not perfection.

🏗️ Myth #8: “Brand-New Homes Don’t Need Inspections”

New doesn’t mean flawless. Warner reminds us that builders make mistakes, and inspectors aren’t code enforcers. A fresh coat of paint can hide a world of problems.

🛠️ Myth #7: “Turnkey Properties Don’t Need Inspections”

“Rent-ready” is a marketing term, not a guarantee. Renovations can be rushed, incomplete, or poorly executed. An inspection ensures the upgrades are more than skin-deep.

✅ Myth #6: “Inspection Is a Pass/Fail Decision”

Inspections aren’t binary. They’re tools for informed decision-making. Warner urges buyers to read the full report, weigh the risks, and decide based on their own tolerance—not the inspector’s opinion.

🛡️ Myth #5: “The Property Has a Warranty, So I Don’t Need an Inspection”

Warranties often sound better than they are. Warner breaks down some of the fine print:

• Coverage is limited and often excludes older systems.
• Deductibles can exceed repair costs.
• Many warranties start on the inspection date—not the purchase date.

Bottom line: warranties are not substitutes for inspections.

👨‍🔧 Myth #4: “My Friend/Relative Can Do It”

Unless your cousin has infrared cameras and 4000+ inspection checkpoints memorized, hire a pro. Experience, tools, and training matter.

🧾 Myth #3: “All Agents Refer the Best Inspectors”

Most agents mean well, but some vendor lists are pay-to-play. Warner encourages buyers to vet inspectors independently—ask about qualifications, equipment, and time spent on-site.

💸 Myth #2: “Inspections Are Too Expensive”

Compared to the cost of missed defects? Inspections are a bargain. Warner’s use of infrared tech adds even more value, especially for detecting moisture, insulation gaps, and electrical issues.

He also drops a timeless truth: “Price is what you pay. Value is what you get.”

🧠 Myth #1: “All Inspection Companies Are the Same”

Licensing doesn’t equal competence. Warner urges buyers to ask smart questions:

• Who specifically will perform the inspection?
• Are they full-time?
• What equipment do they use?
• How long will it take?
• Can they provide references?

The difference between a good and great inspector can be the difference between profit and disaster.

🔎 Bonus Wisdom: What Makes a Great Inspector?

Warner’s closing thoughts are gold:

• Using professional grade infrared cameras combined with professional experience is a key to detect hidden issues
• Professional inspectors have the ability to see both the forest and the trees—understanding how systems interact
• They have no financial interest in the transaction
• They have experience following clues and uncovering risks

A professional inspector evaluates over 4,000 components and spends 2-3 hours in a typical property. That’s not something you want to leave to chance.

💬 Final Thoughts

Bill Warner’s “Top 10 Inspection Myths” isn’t just a video—it’s a class in risk management. In a market where speed and surface-level impressions dominate, Warner’s methodical, experience-driven approach is more relevant than ever, and his myth-busting tips are sure to save every investor thousands of dollars and massive headaches if heeded.  

If you haven’t watched it—or haven’t revisited it in a while—do yourself a favor.  I can tell you the myths, but some things you'll only believe them if you see them...  The myths may be common, but the insights are timeless.