#GoodReads – Home inspections: in a seller’s market
#GoodReads – Via CTV Ottawa.
“Home inspections: What you should know in this seller’s market”
“…Buying a home is normally the most significant, and exciting, purchase a person will make.
It can also be one of the most stressful.
Will there be unexpected surprises with the home? It looks attractive, but is the electrical system safe? Is the roof solid? Are the cracks in the foundation superficial or worrisome? Is the furnace reliable?
In a normal real estate climate, a home inspection allays those concerns. It’s often a condition of purchase.
But the current red-hot real estate market of bidding wars and multiple offers has led buyers to sometimes waive a home inspection as a condition…
What Is A General Home Inspection?
A limited, visual examination of the condition of the property, often in connection with the sale of a property.
Areas Inspected: Heating/Cooling systems, Plumbing, Electrical work, Insulation, On-Site structures, water, and sewage, as well as some fire and safety issues. Inspectors also look for evidence of insect, water, or fire damage or any other issues that may be of concern…
Who Does The Inspection?
Most inspections are conducted by a qualified home inspector, but it is not a licensed industry…
When To Get An Inspection?
- Before you commit to purchase
- Before you list your home for sale
- Every 5-10 years
Optimize Your Inspection
- Be There
- Know What They Do and Don’t Check
Suggested Questions At The Inspection
- “What Does That Mean?”
- ‘How Much Would That Cost?”
- “What Needs To Be Done ASAP?”…
Experienced inspectors will also be able to give an idea of the cost to replace or repair items helping buyers assess any additional move-in costs.
Home inspection reports can be quite lengthy and potentially overwhelming, but not everything in the report needs to be addressed all at once. The inspector will have a good idea of the items that need immediate attention if not addressed asap, and those that can be looked at later…”
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