Okay, you have agreed on the price and terms and now have a firm or a conditional offer in place. If you have conditions, now is the time to start the process of satisfying them in order to meet the deadline and firm up your purchase. Common conditions are reviewing strata documents, attaining suitable financing, reviewing the title search, and reviewing a rental management agreement or tenancy agreement
For a single family home, you should always have a home inspection as one of your conditions. Home inspections allow you to scrutinize the details of the property and potentially save you from any unpleasant surprises.
HOME INSPECTION TIPS
Choose a qualified professional. A member of an association can reassure you are getting an experienced, knowledgeable professional. I will recommend a few local home inspectors for you to choose from.
• Ensure the home inspector checks for visible issues with plumbing, electrical systems, roof, insulation, walls, ceilings, floors and windows, and the condition of the foundation. They can also check that the home’s heating and cooling systems are working properly.
• Ensure your home inspector gives you a close and personal look at your new property. It takes about three hours to go through all the systems, and if there are any problems, you will see them with your own eyes. They will also give you maintenance tips and easy fix-ups, if necessary.
• At the end, you will receive a detailed report that summarizes the condition of your home. This also serves as a prioritized list of home maintenance items for the future.