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Common Problems Found During Home Inspections.. Any signs of previous substandard repairs should be a warning sign that water may have been leaking into the property. Home style vs. building materials.. Jonathan and Drew Scott give tips on home inspections before buying.
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By waiving your contingencies-for example, your financial contingency (an agreement that the buyer will only buy the property if they get a large enough loan from the bank) or your inspection contingency (an agreement that the buyer will only buy the property if there aren’t any dealbreaker issues found during the home inspection)-you.
The home inspection contingency is one of the most common contingencies in a real estate contract. Your buyer should know going in, that their home inspector will find issues with the "house of their dreams." That doesn’t mean that the house is falling down, or that this is a "sign" that they shouldn’t buy the house.
Mike Holmes is one of HGTV Canada’s go-to contractors and the host of Holmes and Holmes and Holmes: Buy it Right. When it comes to buying a house, it really is "Buyer Beware". This is why a home inspection is so important. People often ask if they need to be present during the home inspection.
A couple’s dream home has turned into a nightmare after the building firm renovating their run-down property went into..
Foundation issues are no minor thing; however, in the majority of cases, the issue can be fixed (although the cost will vary). One of the greatest dangers of buying a home with foundation issues.
When you’re buying a home, a home inspector will go over the property with you to point out any issues that may require home repair. It’s a good idea to walk around with the home inspector during a home inspection because he may make comments that won’t appear on the final report. After you know the home inspection issues you’ll need to decide who should fix them and whether you want to go.
The home inspector was excellent, and there were about 17 problems found, ranging from the serious (crack in foundation) to the non-serious (loose knobs on sink). The serious problems included a large crack in the foundation, a rodent infestation in the attic, shoddy electrical work throughout the house, and furnace problems.