Frequently Asked Questions
Why Use a
Realtor?
Real-estate transactions are among the largest financial investments
that most people make. A trained professional can help make the
experience pleasant and rewarding. In fact, with the assistance of a
real estate professional, property sells faster and for a higher
price.
Whether you're selling or buying property, a real estate
professional can provide you with invaluable services and
information
Real estate professionals:
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are educated about legal issues affecting real estate transactions;
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are trained to negotiate the best prices and terms in the contract of purchase and sale;
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provide objectivity in a potentially emotional situation;
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are sources of information for current listings, market conditions; and
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can recommend lender and real estate evaluators
Why Do I need a
Home Inspection?
A home inspection is an objective visual examination of a home by a
professional, who will advise you of the findings, for your
protection. This way you can be appraised of the heating/cooling,
electrical and plumbing systems and structure of the house, with no
surprises. Ask your Realtor about a Home Inspection Clause when
writing up an offer.
There are a number of reasons why we recommend a home inspection
including:
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to ensure you are not surprised by major defects
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so you can be advised about the various elements of the home including - heating and cooling systems, structure, electrical and plumbing
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to learn about how the mechanical systems work and need to be maintained most homeowners are not expert in the numerous components of house constructiona third party can be objective as there is no emotional attachment
Who should you
hire?
Home inspectors are often referred by family or friends. Your agent
can also provide you with a list of inspectors. Look for one that is
trained and certified by a national organization such as Canadian
Association of Home Inspectors (CAHI) or National Institute of
Building Inspectors (NIBI) and who has errors and omissions
insurance. Do not hire someone who will do any suggested work due to
the conflict of interest
When should you call?
Order the inspection after your offer has been accepted. The contact
will stipulate the length of time you have to complete the
inspection.
What is involved?
The home inspection will determine the structural and mechanical
soundness of the home. Your home inspector can identify existing and
potential problem areas, suggest possible solutions and provide
estimates for the cost of the work required. You will receive a
report outlining the inspection findings. You should accompany the
home inspector during the inspection or arrange to meet them at the
home so they can walk you through the report. If as a result of the
inspection, you have further concerns, have a specialist in that
area conduct a more extensive examination.
What does it cost?
Costs vary depending on a number of factors including: size and
location of the home, features, age, and services required.
Additional services may include radon, septic and well testing. Your
agent can assist you in obtaining a quote from a potential inspector
before you enlist his/her services.
