Pamela Vasiliu
Sales Representative
pvasiliu@remax.net

RE/MAX Professionals Inc.
Brokerage
Independently owned and operated.

Date: Thursday August the 17th, 2017 
416-236-1241

 

   

What Contingencies Should I have in an Offer?

November 23, 2015 - Updated: November 23, 2015

 

There are several home buying clauses that a home buyer can choose to include in their Agreement of Purchase and Sale, or not. Here are some highly suggested ones!

When purchasing a home it is good business to create your offer such that you are able to do a thorough an inspection of the home. This of course includes a Home Inspection with a reputable home inpspector. Not doing a Home Inspection when purchasing a property, could potentially uncover issues with the home that could be resolved by the Seller, or change your motivation for continuing with the purchase. 

Most homes have some issues, some are major, other are minor and easy remedy. As a Buyer, it is imprtant to keep yourself informed as to what those issues are, and what steps and costs are necessary to remedy. 

 

For example some of the more common things you will want to check when buying a home are the following:

 

1.) Are radon levels within acceptable limits?

2.) Is there any mold in the home?

3.) Is there any lead paint?

4.) Is there any asbestos?

5.) If the home has a well how does the quality and quantity look?

6. If the home has a septic system you will absolutely want to check that is functioning property.

 

These are just a few examples of things that should be checked when buying a home. Take a look at my article for a more in-depth look into purchasing a home.

A Good Home Inspector Knows What to Look For


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