Ravi Punia - REALTOR®

Fraser Valley Specialist

FRASER VALLEY REAL ESTATE BLOG POSTS

Home Inspections Are Important When Buying a Home


It is my firm belief that conducting a home inspection is very important in the home buying process.  As a buyer's agent, I always recommend that prospective homebuyers in the Fraser Valley and Metro Vancouver include an inspection clause in their offer to purchase.  However, sometimes in hot seller's markets, buyers choose to forego including an inspection clause, in order to be "competitive" in a multiple-offer situation. 


This can often be a mistake.


Not including an inspection clause and not having a home inspection done can lead to regret and unexpected negative surprises, upon taking ownership of a home.  In fact, it can lead to serious financial consequences when necessary and expensive repairs come to light.  This can then really push those with limited financial wiggle room to the edge.


There are many detached homes, townhouses and apartments in Surrey, Langley, Abbotsford, Mission and North Delta that are up there in age.  Homes are even older in places like Vancouver, Burnaby and New Westminster; the Metro core from which growth has spread outwards into the suburbs.  As such, there can be a lot that needs to be fixed or replaced in older homes.



WHAT IS A HOME INSPECTION?

According to the Home Inspector's Association of BC:


A home inspection is a comprehensive visual examination of the home’s overall structure, major systems and components. A trained and qualified home inspector will review your house as a system, looking at how one component of the house might affect the operability or lifespan of another. Components that are not performing properly should be identified, as well as items that are beyond their useful life or are unsafe. The purpose of the home inspection is to provide you, the buyer, with a better understanding of the property conditions, as observed at the time of the inspection.


A home inspection is an educational process which is designed to reduce your risk when buying a home.  However, it is NOT a guarantee or a warranty on a property.


SOME BENEFITS OF HOME INSPECTIONS

-identifying components of the home that are not performing properly
-spotting items that might be beyond their useful life or are unsafe
-obtaining a better understanding of the property condition, at the time of the inspection
-having peace of mind with a clearer understanding of the condition of the home you are buying
-being able to better budget for needed or anticipated repairs or replacement of components in the home
-having an independent expert look thoroughly at a home to spot issues you may have overlooked or are not qualified enough to see for yourself

IN SUMMARY

 

As a buyer's agent, I always suggest that would-be homebuyers include an inspection clause in their purchase contract offer, for their benefit.  There is great value in better understanding the overall condition of a home before proceeding with a purchase.  Buying a home is a very big financial committment and investment.  It's best to know what you are getting yourself into, with the help of a professional home inspector.


An independent home inspector is an important part of the home buying process and team.  That person is taking a wide-eyed and non-emotional view of a property. Their judgement isn't being clouded by emotion.  Buyers, excited about a particular detached house, townhome or apartment, often overlook deficiencies.


CONTACT ME to discuss this important part of the home-buying process. Or any other aspect of buying a home.  I'm always looking out for the best interests of my clients.



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*This blog communication is not intended to cause or induce breach of an existing agency agreement.  Views are my own and do not reflect those of any organizations that I may be associated with.

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