There’s no doubt about it; purchasing a home may be your largest and most valuable investment. But before purchasing or selling a home, it’s important to know whether it is in fact a good investment. The best way to protect yourself is to conduct a home inspection prior to purchasing or selling a home.
The first step for homeowners and buyers is to know what the current condition of the home is in, and whether or not repairs may be needed. There are many hidden flaws and safety hazards lurking around the home that only professional home inspectors can detect. A qualified home inspector examines the home in its entirety and can ultimately help you make an informed decision. Such decisions can help protect homeowners from buying a less valuable home, or provide the confidence to move forward and purchase the home.
In order to best protect your valuable investment, there are a few services to look for when hiring a home inspector:
A home inspector must be due diligent. They must want to reduce a homeowner’s risk when it comes to any unexpected costs. A home inspector’s number one priority when examining a home should be to protect the family’s safety.
Confident & Stress Free Investment Decision
A home inspector must be able to help homeowners or purchasers make a confident investment decision. This can be done by providing a wealth of knowledge and information about the home. By providing the necessary information regarding the home’s safety hazards, you can eliminate any surprises and make an informed decision.
An objective opinion will reveal the good and the bad regarding the condition of your home. With unbiased reporting and integrity, a home inspector will be able to offer professional opinions on the problems detected, identify any needed repairs and provide insight into proper maintenance for the future. The best way to receive unbiased reporting is to find home inspectors that are accredited members with an association, such as the Canadian Association of Home & Property Inspectors (CAHPI BC), Consumer Protection of BC (CPBC), and the Better Business Bureau as a BBB Accredited Business.
At Zegarra Home Inspections, we believe in protecting the consumer, whether it be a homeowner or a home buyer. This is why we offer all the necessary services we mentioned above. Learn how Zegarra Home Inspections can help protect your property investment and preserve the safety of your family – Call us today!
By Mark Weisleder | Fri Feb 17 2012
A hot housing market continues to spark bidding wars and, in many cases, buyers are being advised by agents to make “clean” offers to get the house they want.
By “clean”, the agent means an offer without any conditions in order to make it more acceptable to the seller. Big mistake. I constantly hear stories from ‘successful’ home buyers, who bought without an inspection. They later uncovered major problems, many of which could have been identified with a proper inspection. This meant large repair bills and unfortunate lawsuits involving unhappy buyers, sellers and real estate agents.
Inspections are imperfect because in most cases the inspector is not permitted to look behind walls or under floors which means many potential problems are hidden. These include:
• A 60-amp electrical service when the norm today is either 100 or 200. Again this will lead to higher insurance premiums.
• Old galvanized plumbing. It rusts, can leak and plug up, slowing water flow. Old lead pipes are a health risk.
• Any roof over 20 years old should probably be partially or completely replaced.
• Old foundations will gradually deteriorate, causing leaks, and are expensive to repair.
• Windows can be expensive to replace, if in poor condition.
Some firms use thermal imaging technology and, for an additional fee, can identify problems with the structure, moisture leakage or air leakage in a home. They can also better identify when there is insufficient insulation, plumbing leaks or poor construction, which can lead to problems down the road.
In some cases the seller will conduct a pre-listing inspection and make a summary of the results available to any interested buyer. A good idea, but as a buyer, you cannot rely just on this and should still conduct your own inspection. You do not know how thorough the inspection was and, more important, what qualifications the inspector had.
Some sellers try and create the atmosphere for bidding wars by saying that they will not accept any offers for a four- or five-day period. They hope that buyers will come in early, pay for a home inspection in advance and then be in a position to make an offer without any conditions. While this is better than doing no inspection at all, the disadvantage is that you may pay for this inspection but still not win the bidding war.
And if you try and buy a home by yourself, without an agent, you had better find a home inspection company first and determine how much time they might need to do an inspection for you. Real estate agents work with many home inspection firms, so they can normally arrange for an inspection for buyers within forty-eight hours.
Sellers, consider getting your home inspected before putting it up for sale and fix any problems that are identified. Don’t cover them up or you will face a lawsuit after closing.
Buyers, do not get pressured into making an offer without a home inspection condition, especially for older homes. I know the process can be frustrating, but it is better to be frustrated and lose a bidding war than to win a bidding war and pay more for it after closing.
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