Part of doing your ‘due diligence’ when you purchase a property is having a house/condo inspection from a licensed building inspector. This can take from one to three hours depending on the size of the property. The inspector reviews his findings and presents you with a report, which is quite substantial and covers both the interior and the “guts” of the property. Inevitably the inspector always finds items that need attention. The question is whether it’s a major issue and the sellers responsibility or a minor issue and the buyer deals with it. Wouldn’t it be smart if Vancouver property sellers had a home inspection prior to listing their property?
Would a Vancouver Real Estate Inspection by Sellers Result in a Higher Sale Price?
It would certainly remove any surprises found by the buyer and if it’s a major issue Sellers would have time to shop around for quotes and fix the problem, thereby giving you a stress free sale. This is particularly helpful if Sellers are buying a property before they sell their current one and particularly if its a non subject offer. I think a Vancouver real estate inspection carried out by Sellers would result in a higher price.
Questions to Ask Your Vancouver Home Inspector
Would buyers not view this as full disclosure by the seller who is being honest by making the report available to the Buyer? It would strengthen the Sellers negotiating position, facilitate the multiple offer situation and whether it’s a buyer or sellers market it would certainly deliver a competitive edge to the seller, if used as a marketing tool, as it would deliver confidence to buyers and therefore attract more of them. You can then negotiate a higher price knowing there won’t be any maintenance issues to deal with. The buyer would then arrange a meeting with the inspector to review the report and discuss their questions with him (I imagine there would be a small fee for this)
What do you think? Have you had this experience as a buyer or seller?
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