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With few exceptions this is a “must do.” Inspections are an important safety valve for you. A professional
Inspector will check out all the major components of the home and provide a written report usually
for about $400. This report will clearly spell out the condition of the major components
of a home giving you a forecast of the life expectancy of the roof, furnace and appliances
for example. The inspectors I recommend know their profession. If we determine that there is a
problem that was not expected such as the life expectancy of the furnace then we will renegotiate the contact.
Every inspection will find a list of
minor problems such as flashing not sealed
properly, or grout missing in the bath room. The
real issue is to find the significant problems
and the cost to correct it. Then as
stated in the Condition in the offer you
can request the Vendor to correct the problem.
before proceeding to firm up the offer. In some
situations such as an older home the Vendor may
be unaware of the problem.
A typical situation, uncovered
by the inspector might be that the furnace can
only expect to last for another few months. You
would ask the Vendor to remedy this problem by
purchasing a new furnace for you, The vendor
represented by their agent may turn around and
say well with a new furnace you will enjoy 20
years of good service as apposed to the 6 years
you might have normally expected, so you pay half
of the cost and the deal will be completed. But
then again that may not be acceptable to you and with
the right inspection clause you can walk away
from this home at no cost to you. |
Mike has answers to your questions and more professional tips to make your real estate transaction more pleasurable.
Call or e-mail Mike or click on "Ask Your Own Questions."
Mike can send you information on any Property Listed For Sale on the Multiple Listing Service in the Ottawa area. If you would like him to help you locate a home, please fill out his Information Request Form.
Surfing the Real Estate Board's web site or MLS.CA and found a house that you like but doesn't give you the civic address. Mike can also help. Just fill out his Would like an address form, please !
Or perhaps you are considering selling your home in the near future, he can also offer you a Free No-Obligation Market Evaluation Form. |
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