{"id":5694,"date":"2017-05-02T15:15:19","date_gmt":"2017-05-02T22:15:19","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=5694"},"modified":"2017-04-28T13:07:37","modified_gmt":"2017-04-28T20:07:37","slug":"buyers-investors-would-be-foolish-not-to-use-home-inspections","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2017\/05\/buyers-investors-would-be-foolish-not-to-use-home-inspections\/","title":{"rendered":"Buyers & Investors Would Be “Foolish” Not To Use Home Inspections"},"content":{"rendered":"

In red hot markets, many are foregoing home inspections in a bid to quickly close on competitive properties. Do you make sure to use inspections? Let us know in our poll today.<\/p>\n

In red hot markets, many are foregoing home inspections in a bid to quickly close on competitive properties. One investor says that\u2019s a mistake.<\/p>\n

\u201cSomebody who buys a home without a home inspection, that\u2019s a foolish decision to make. You\u2019re spending $500,000a t least on a piece of property; spending $500 on an inspection makes sense,\u201d BC-based investor Hans McFarlane, told Canadian Real Estate Wealth. \u201cPeople are skipping home inspections quite a bit, but no realtor, no professional is ever going to put their name on any document that says I recommend you skip an inspection.<\/p>\n

\u201cFor a new investor, for someone who doesn\u2019t have the resources to deal with the problems that need to be dealt with, it\u2019s foolish to not get it done.\u201d<\/p>\n

In markets such as Toronto, many are skipping the home inspection in a bid to win bidding wars.<\/p>\n

But that can be a costly mistake, according to mortgage broker and investment author Enza Venuto, who says a few hundred dollars can often save thousands in the long-run.<\/p>\n

\u201cIf a person does not use a home inspector, they\u2019re doing the wrong thing. They\u2019re a must in today\u2019s environment. Even on new properties, not just old properties, new construction require it as well. I know there\u2019s Tarion, but sometimes issues arise and we recommend clients use a home inspector on homes and on condos,\u201d she said.<\/p>\n

And investors will have an easier time securing financing when they have the home inspected, according to Venuto.<\/p>\n

\u201cEven seasoned investors \u2026 if we don\u2019t use an inspector, the lenders may want to know more details about the property,\u201d she said.<\/p>\n

Buyers & Investors Would Be “Foolish” Not To Use Home Inspections<\/a> by Justin da Rosa | Canadian Real Estate Wealth<\/p>\n","protected":false},"excerpt":{"rendered":"

In red hot markets, many are foregoing home inspections in a bid to quickly close on competitive properties. Do you make sure to use inspections? 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