Making
an offer conditional upon a home inspection is highly recommended.
You are not required to have a home inspection should you choose
not to. The
cost of the home inspection is born by you, the Purchaser. It is
money well spent and is an integral part of making an informed decision.
Home
inspectors are independent third parties who represent you and prepare
a thorough report of the mechanics of a home (including roof, electrical
system, heating / cooling system, plumbing, foundation, insulation
where visible, etc.). They will point out all visible defects on
the property as at the date of inspection. It is not a guarantee
or warranty, but rather a thorough "inspection" and analysis
of the integrity of the home, drawing your attention to defects
that may exist. All homes require ongoing maintenance and care.
No home is perfect and the inspector will find items that need attention
and prioritize them for you.
Michell
can provide you a list of certified home inspectors for you to choose
one. Based on experience of other clients, those inspectors referred
are generally short listed because they are known to be competent,
knowledgeable, thorough, and communicate well. You may also know
your own home inspector whom you choose to conduct the inspection.
Based
on the results of the inspection, you decide whether or not you
are satisfied with the report. Should you be satisfied, you need
to communicate to the seller that you wish to remove this condition
from the offer. Everything in real estate must be communicated in
writing. Michell will prepare a Waiver document on your behalf for
you to sign. The Waiver is normally signed directly after the inspection.
A Waiver document in effect "waives" that condition out
of the offer. You may still have other conditions in the offer as
well after the home inspection is completed.
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