The timing on when you get a home inspection is different depending
whether it's a detached home or a condo. With a detached home I do a
fair bit of due diligence on the property for my buyer before he even
puts in an offer. This includes making phone calls and checking all the
proper maps with City Hall to see if there are any unusual rights of way
or encumbrances on the properly. Has the home ever been used as a
grow-op? Was there an oil tank on the property and if so was it removed
properly? After it passes those checks we can put in an offer and if
accepted I advise my buyer to book a home inspection from a list of well
qualified home inspectors that I am familiar with. On a condo or
Strata property, you want to wait until the last few days before
subjects are removed. I need time to get all the Strata docs such as the
Form B and depreciation report, an engineering report if there are 1
and 2 years worth of Strata minutes. If all looks good, only then can we
move forward and book the inspection at the end. You never want to book
an inspection until after you have had a good look at all the strata
docs. Sometimes the Strata docs and financials will paint a very ugly
picture of the complex. In that case you would want to collapse the deal
right then and there and keep looking. When I am the listing or
selling agent I might also recommend to my sellers they get a home
inspection before we list. Knowing and fixing any problems before the
buyer tries to negotiate give you a problem free sale.
This entry was posted on April 2nd, 2012 by Owen Bigland | Posted in Video Blog