Real Estate News - North Vancouver, North Burnaby, TriCities BC

Real estate news and updates from REALTOR® Nina Campbell. Nina gives the insider tips and resources for buying and selling real estate in North Vancouver, North Burnaby, and TriCities - Port Coquitlam, Port Moody, and Coquitlam.

 
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When buying a home, which is potentially your largest investment involving hundreds of thousands of dollars, you owe it to yourself to inspect it before removing subjects. Here are just a few reasons why:

  1. Some insurance companies won’t insure the property if it has less than a 100 amp service or Poly B piping. Without insurance, in most cases, the bank will not give you a mortgage. This is not something you want to find out at the lawyer's office when you expect to close on your new home and now cant. You want to know what you are buying at a time that the buyer and seller can still be in a position to rectify the situation.

  2. Expensive surprises are not fun. Imagine finding extensive mould that could impact your family's health, or a foundation/structural issue that could cost more than your year's salary to repair.

  3. Disclose, disclose, disclose. Which means if you uncover a problem and you disclose it....the next buyer may not want your home or will take it at a discounted amount./li>

  4. It’s important to know where your main water shut off is as well as other essential elements in the home for future reference.

I always respect and welcome family and friends that say they can inspect a home, but I recommend that you hire a qualified and reputable inspector. The cost of an instructor is a small price to pay in comparison to a missed deficiency by someone who is not insured or a relationship that has been ruined.

 

Find out more about licensing requirements of a BC property inspector or contact the Canadian Association of Home and Property inspectors (BC).

 

Do you have a real estate question,

 

 

Nina Campbell’s Blog - Terms of use

Welcome to my blog. Thank you for visiting and I hope you return often. My blog focuses on topics related to real estate and I provide the blog in good faith based on my experience as a licensed REALTOR® for almost two decades and as a trainer for PRA™ Training, Inc. By visiting my blog, you agree that your use of it is entirely at your own risk. No warranty of any type is given by me as to the accuracy, completeness, reliability or timeliness of the content. Nothing contained in this blog con be construed as financial, investment, legal and/or other professional advice. Please contact me if you would like to reprint content. By accessing, using or browsing this blog, you agree to these terms and conditions of use in full.

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