Home Inspection For GTA Home Owners, Home Buyers
and Home Sellers. Questions before you buy or sell?
... We have the answers!
What is a Home Inspection?
What is a home inspection?
A home inspection is a visual inspection of the structure and components of a home to find items that are not performing correctly or items that are unsafe. If a problem or a symptom of a problem is found the home inspector will include a description of the problem in a written report and may recommend further evaluation.
Why is a home inspection important?
Home Buyers: Emotion often affects the buyer and makes it hard to imagine any problems with their new home. A buyer needs a home inspection to find out all the problems possible with the home before moving in.
Home Sellers: More and more sellers are choosing to have a thorough inspection before or when they first list their home. First and foremost, you should have a home inspection for full disclosure. You will have demonstrated that you did all you could do to reveal any defects within the home. Second, you will save money and hassle by knowing now what your defects are, not after you have already negotiated a price and are faced with costly repairs discovered on the buyers inspection. Defects found before the buyer comes along allow you to shop around for a contractor and not deal with inflated estimates that a buyer will present.
What if the report reveals problems?
All homes (even new construction) have problems. Every problem has a solution. Solutions vary from a very simple fix of the component to adjusting the purchase price. Having a home inspection allows the problem to be addressed before the sale closes.
What does a home inspection include?
A home inspector's report will review the condition of the home's heating system, central air conditioning system (temperature permitting), interior plumbing and electrical systems; the roof, attic, and visible insulation; walls, ceilings, floors, windows and doors; the foundation, basement, and visible structure. Many inspectors will also offer additional services not included in a typical home inspection, such as mold, radon and water testing.
What should I NOT expect from a home inspection?
A home inspection is not protection against future failures. Stuff happens! Components like Air Conditioners and Heat Systems can and will break down. A home inspection tells you the condition of the component at the time the component was inspected. For protection from future failure you may want to consider a home warranty.
A home inspection is not an appraisal that determines the value of a home. Nor will a home inspector tell you if you should buy this home or what to pay for this home.
A home inspection is not a code inspection, which verifies local building code compliance. A home inspector will not pass or fail a house. Homes built before code revisions are not obligated to comply with the code for homes built today. Home inspectors will report findings when it comes to safety concerns that may be in the current code such as ungrounded outlets above sinks. A home inspector thinks "Safety" not "Code" when performing a home inspection.
Should the buyer or seller attend the home inspection?
YES. It is often helpful to be there so the home inspector can explain in person and answer any questions. This is an excellent way to learn about a home even if no problems are found. But be sure to give the home inspector time and space to concentrate and focus so he can do the best job possible for you.
Seller's Inspection Program
A Seller's inspection will virtually eliminate all the hassles a buyers inspection causes:
No more renegotiations.
No more deals that fall through when the home inspector finds a problem.
No more does the Seller have to deal with inflated cost estimates that costs him or her money.
No more will the agent spend countless hours and dollars in energy and advertising to get a contract that is "blown out of the water" by surprise defects.
Knowing what defects are present at the initial listing creates enormous benefits:
It will allow the agent and the Seller to discuss what items should be fixed and what should not.
It will substantiate your price, or may convince a Seller to rethink the asking price.
It will be full disclosure protection for the Seller and agent.
It will allow the Seller to shop around for the best price to repair (not an inflated price that a Buyer would use to make sure all is covered.
It streamlines the process.
How easy is selling a house with a Seller's Inspection?
After the listing is signed, a Seller's inspection is performed. If significant damage or defects are found, there will be disappointment, but no hysteria or regret. No deal about to go sour. The agent will discuss the problems with the Seller and will determine if this listing is "AS IS" with full disclosure, or if any repairs need correcting to expedite the sale. The Seller then corrects any problem areas, and calls for a re-inspection of the home. The home inspector returns, cleans up the report. Next, a buyer enters a contract agreement with the Seller. The Buyer will choose to trust the home inspection or, will have another inspection performed. The transaction proceeds as planned. Everyone is happy.