How is having an inspection protecting yourself?

 Thinking of buying a property? We recommend that you carry out a pre-purchase inspection. The affordable home inspector in Mississauga you

choose will evaluate everything that is visible: structure, roof, plumbing, electrical installation, etc. The primary purpose of this inspection is to examine the systems and components of the building to detect the work to be completed, apparent defects and defects, as well as major construction defects while indicating to your contractor the elements to be corrected and the deadlines.

 

If inspection of a new house is required, it is even more true with a used property. Of course, all the information contained in the Seller's Statements on the Property form that the seller will have to provide is very useful, as it reflects what he knows about the condition and history of his residentialproperty inspection in Brampton. However, a proper inspection will complete this information by going deeper. In addition, it will demonstrate that you acted prudently.

 

During the inspection: Your broker should attend the inspection to be able to advise you well based on how much a home inspection costs and what the inspection has discovered (try to get a decrease in the seller's price, for example). It is also important that you be present. Indeed, the competent building inspector will take the opportunity to designate certain material elements that deserve attention and, if necessary, the corrections to be made. 

 

After the inspection: The inspection has been completed and the expert has sent you his report. It is then up to you to assess whether its content will call into question the purchase of the property, its price, or the conditions of sale. If explanations are necessary on certain aspects of this report, do not hesitate to ask him your questions.

 

Here are the three most common scenarios.

1.       No change: You declare yourself satisfied with the inspection and do not request a change to the Promise to Purchase that your broker sent to the seller. The transaction is therefore proceeding.

2.       Renegotiation of the price or conditions of purchase: If, as a result of the inspection, you find minor imperfections, which do not really affect the price offered, they should not be used to renegotiate the terms of the promise to purchase.

3.       Cancellation of the sale: It is the receipt of this notice by the seller that will have the effect of canceling the promise to purchase. It is important to provide you with proof of receipt of the notice and report by the seller.

 

Consult your broker to find out the different ways available to you to send your opinion and a copy of the report to the seller. It will help you choose the one that applies to your situation. 

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