Posted 7.16.12 @ 9:50
When you’re thinking about placing an offer for a piece of Oakville real estate, you may not know everything you need to know to come to a smart decision. What issues does this home have, and how will these affect the value of the house? Is it worth paying a few hundred dollars to have a house inspected that you may not even end up buying? It’s important to be informed before you buy, and here we’re going to answer all your questions. Let’s get started!
How Much do You Want This Property?
You’re going to want to first gauge on a scale of 1 to 10 how much you really want to buy this property. The average Oakville home shopper will see a dozen homes in a month, but this can nearly double depending on what time of year you’re looking at properties. This means you could wind up spending well over $3,000 just to have each one inspected, along with a few hours of your time each time to be there when the home inspector is working. You’re going to want to make sure that this home is in your top 5 or top 3 before you think about pre-offer home inspections.
How do You do a Pre-Offer Home Inspection?
There is something known as a conditional offer where the home has to pass your conditions (in this case a home inspection) before you’ll put up a bid and an earnest money deposit (if any) on this piece of Oakville real estate. There is such a high demand for homes for sale right now that it’s important to consider doing this before you get in a bidding war. It’s only logical to know what you’re getting when it comes to buying a house. Don’t let a few hundred dollars deter you from knowing if a home is right for you when you’ll be spending hundreds of thousands of dollars on it!
Are These Common?
Pre-offer home inspections are becoming more and more common for one reason: multiple bidders. There are almost always multiple bidders on a property, and if you want to make sure that you’re putting down money on the right home for you it’s a wise choice. Some of course decide not to get their home of choice inspected before they put down an offer. Sometimes it’s a choice between paying now or paying later; most people would rather know what they’re getting into before they get into it!
When you’re looking at real estate we can help you find the right home for you! You shouldn’t have to settle when looking for your dream home, and we’ll make your home shopping adventure go as smoothly as possible. From condos to old Victorians, Oakville has something to offer everyone.