Real Estate

Adding home inspection

  • Last Updated:
  • Mar 10th, 2022 9:36 am
[OP]
Newbie
Jul 13, 2021
64 posts
15 upvotes

Adding home inspection

Any chance that you can still buy with wanting a home inspection in today’s market?
7 replies
Sr. Member
Oct 14, 2010
886 posts
1027 upvotes
Toronto
Seeknfind wrote: Any chance that you can still buy with wanting a home inspection in today’s market?
Depends on the property and competition. Properties sitting on the market (I e. not attractive for most people, location, priced too high) you might be th only bid so can throw in whatever clause you want.

Desireable, well priced and marketed properties more likely to have more buyers so almost no chance to be picky about your conditions as a bidder.
Deal Addict
Dec 8, 2009
1064 posts
583 upvotes
Isn’t it wise to go with builders so can see A-Z process ( even though they will do shoddy job)
Deal Addict
User avatar
Mar 23, 2011
2116 posts
1237 upvotes
Etobicoke
Seeknfind wrote: Any chance that you can still buy with wanting a home inspection in today’s market?
If you truly love the house, do a pre-inspection.
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"It's better to be dead and cool...than alive and uncool!"
Sr. Member
Dec 14, 2021
580 posts
1379 upvotes
Seeknfind wrote: Any chance that you can still buy with wanting a home inspection in today’s market?
I'd say if the listing is under 10 days new, then no. 11 to 21..maybe. North of 3 weeks, sure. But there's probably a reason those houses aren't sold...build quality might be why, but it's generally price or location.

Really, if you like the house after a showing, just book another one and bring an inspector... 100 percent success rate, lol.

But if you are one of those types who just use an inspection as a tool to jerk around the price after acceptance...you have to go back into the hole you've been hiding in since March 2020, hehe...we aren't back to those days yet.
Jr. Member
Mar 30, 2009
188 posts
202 upvotes
Ask your realtor how many offers the listing has gotten on presentation day. If it's less than 3 then I can see an inspection as a condition being an OK risk to take in the bidding process.
Deal Guru
User avatar
Sep 14, 2003
10955 posts
1065 upvotes
Mississauga
Maybe I'm just nice, but I would do an inspection as a seller, and tack the price onto the cost of the house, and make the report available to any of the bidders.

It is wildly irresponsible to buy a house without an inspection to know where the deficiencies lie. Imagine buying a house for $1M only to find out that the foundation is sinking after the fact and you need to spend another 100k to fix that? That would be evil.
4chan melts your brain.
Jr. Member
Oct 31, 2014
158 posts
235 upvotes
Toronto, ON
danfromwaterloo wrote: Maybe I'm just nice, but I would do an inspection as a seller, and tack the price onto the cost of the house, and make the report available to any of the bidders.
I don't think you even have to be "nice". Even if you're totally self-interested, this is a good idea. Inspections aren't very expensive (compared to other costs of selling) and having it available encourages buyers to make their highest possible offer, rather than having to 'discount' the value of the home to account for unknown problems. I got one as a seller even though it was just a condo!

Yes, it's true that the inspector doesn't work for the buyer. Yes, it's true that an inspector could (conceivably) collude with the seller to provide a rosy picture. But it's a lot better than nothing.

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