Realtor?s Insight

What a home inspection is?A home inspection is a thorough visual examination or the condition of the home and property and IS NOT?A home inspection is not an appraisal, and vice versa. A home inspection report is not a warranty. A home inspection does not detect every conceivable flaw.

Buyer:

Do I need to be there for the inspection? My quick answer to this common question is ?absolutely?.

Is is important that you, as the home buyer, be present during the two to three hour inspection. By accompanying the inspector you will gain additional insight.

·You will see first hand the condition of each key component throughout the house and property so you will have a better understanding of your house and of the inspection report.

·You will be able to ask questions regarding your concerns about findings which, on paper, may seem distressing but in fact may be superficial. For example, the inspector might explain that an unsightly column needs only a coat of paint, or that the problem that caused a water spot has been repaired and corrected.

·You will also have the opportunity to learn about the the operation of your new home. How the heating system works, how to control pilot lights, where shutoffs are to save time and avoid frustration. The inspector can point out maintenance needs and procedures and explain how and when to check items needing periodic monitoring.

·You will have the opportunity to have all of your questions and concerns addressed immediately as they arise.

Prior to the inspection, prepare a list of questions or concerns about the property. Relate these to the inspector in advance to ensure that such matters will be properly addressed and that any special arrangements can be made if necessary. Bring your list with you to the inspection.

Seller:

Are you planning to put your home on the market?

Do you want to sell it faster?

Would you like top dollar?

Are you interested in reducing negotiating time?

For these and other reasons, a home inspection is a prudent first step in the process of selling your home. You, as the seller, must present the most saleable property possible. A home inspection report will reveal the current condition of your home, and guide you toward enhancing the value and marketability of your home and property.

Most problems in a house are minor and can be rectified, chipped paint, doors or windows that stick, a filter that is dirty etc. Such things are overlooked by sellers who have lived with them for years, but they are visible to the buyer. If the perceived problems do not derail the sale, they will quite likely provide grounds for price negotiation.

Not only does the pre-sale inspection enable you to attend to problems before you list your home on the market it also removes any questions-for you and potential buyers, about the condition of your home. Buyers love to see and are influenced by a professionally produced home inspection report, which in many cases improves the speed, price and likelihood of a sale.

Some sellers may elect not to correct every problem that is reflected in the inspection report, but they disclose the defects to the buyers and explain that the asking price has been adjusted to reflect the estimated cost of repairs. Such disclosure tends to lead to shorter negotiation time, because buyers have fewer objections that could sway the sale.

Please, feel free to ask your Realtor about house/property inspectors in your area.

Do you have a question? Feel free to ask, submit questions to me in writing to

Brenda Banham

Re/Max Dawson Creek Realty:

e-mail bbanham@neonet.bc.ca

fax: 250-242-3256

or mail Box

1769 Tumbler Ridge, BC

V0C 2W0.