Are you thinking about buying real estate? Before you do, you might want to think about paying for a home inspection. Real estate is a buyer beware market, and that applies to all areas and all homes equally. Good faith and intentions considered, sometimes there are things wrong with a home that the current owners may not even know about.
Those things are, of course, what a home inspection by Housemaster for example, will uncover for you. Some people leave it up to the listing agent to take care of a home inspection for them, but this is not a good idea. Some recent clients asked their realtor to have an inspection done on the home, as they felt that the price might have been too high for the condition the home was in. While the inspection did take place, they were surprised to learn the agent could not disclose the exact findings to them.
This is due to the fact that while a listing agent may be working very hard to find you a home, they in fact always represent the seller and therefore cannot in good faith allow potential buyers a bargaining chip. They may tell the seller a reasonable price based on the inspection's findings, but the information itself cannot be given to a buyer. That's why it can be a good idea to enlist your own buyer's agent when house hunting.
Some people think that home inspections are only necessary for a resale home, but new homes should be inspected as well. In many cases, a private builder may be selling due to budget overruns. In that case, the company may be looking to cut corners and save expenses. It's a sad fact, but this happens more often than most people in the real estate industry like to admit.
In order to avoid this situation, make sure to have even new homes looked at by a qualified home inspector. They will let you know if the systems are working as they should be, the kind of quality used in the materials, and throughout the house as well. They can tell if corners have been cut in order to avoid additional costs.
A home inspection is a good idea for any real estate purchase. You might be buying a Surrey condo, or a Muskoka cottage for sale. Whatever the property type, an inspection paid for by the potential buyer can help to avoid future headaches as well as costly repairs. It can also give you a good card to play when you are negotiating the price of the property.