Category: inspection (2)

My seller clients really appreciate my services in listing, marketing and getting a buyer signed on the dotted line on a purchase contract. However, neither they nor we can rest just because a contract is inked. There are more than 50 tasks and deadline deliveries on my normal residential seller side real estate transaction checklist. And, I take our responsibilities seriously in the processing of all documents and meeting of all deadlines.

The process of taking a signed purchase contract through to closing involves a great many details, deliveries and document submissions. I coordinate all of this for my sellers, making sure that all phases of the closing process move along smoothly.

Title – I work closely with the title company and attorneys to make sure that all documents and deliveries are processed in a timely manner. I work with my sellers to examine all of their title and recorded documents to uncover all material defects and items of importance. Though this is normally of more concern to the buyer, sellers must respond to their objections, so it’s important to know what’s in all recorded documents. Example: while there are normally few items in a title binder that can be corrected as they’re recorded and pass with the property, sometimes there are requirements or exceptions that weren’t expected but must be addressed. With the more careful lending environment, more “quit-claim” deeds are being required as one example. Perhaps you have a previous divorce and the lender wants better protection against claims and will require a quitclaim deed from your former spouse.

Inspections, Survey & Appraisal – My job is to coordinate access for inspectors and the appraiser, and to accept deliveries of reports as well as any objections or correction requirements from the buyers. I take this job seriously and will be with my sellers every step of the way. Every instance of delivery of an inspection and/or buyer objections requires a response in most cases, and there are deadlines. I stay on top of these deadlines, make sure reports are delivered to you on time or extensions are put into place, and that you respond within required time lines. Failure to do so could obligate you to repairs or other corrections or kill the deal.

Repair Negotiations – If the buyer submits requirements for corrective actions to items on reports, I work with my sellers to determine the cost of those requirements and the appropriate response necessary to keep the deal going in a way beneficial to my seller clients. Should you agree to make certain repairs, there will be deadlines associated with completion, and possibly requirements for the buyer’s inspector to return and re-inspect for completion and repair quality. I keep all of this on track for you, and can recommend contractors I know do quality work at fair prices.

Lender Document Coordination – One of the leading causes of delayed closings is some problem with funding due to lender last minute requirements or other document demands. I am monitoring all document flows to make sure this doesn’t happen for my sellers. As the seller, you aren’t getting a mortgage, but you need to be very concerned with the buyer’s ability to do so and their lender’s process and ability to meet deadlines and fund at closing. Mortgage problems kill a lot of deals, so we’re going to be involved in the buyer’s process to protect you, our seller client.

Buying a home is one of the most monumental decisions in any person’s life. Owing to skyrocketing property prices, the majority of people purchase a home once in their lives. Therefore, it’s important for them to fully understand and evaluate the financial investment they are making.

If you’re planning to buy a home, a professional inspection is one way to determine if you’re investing your money in the right property.

It’s completely understandable that you have a lot of concerns and worries about the purchase. The property is a large financial investment; you want to make sure you are making the decision for today and for your future needs as well.

Many people think that inspection is only important if they are buying a residential property. However, the fact is that home inspection is a fundamental step in property buying and selling:

Home inspection 101

A home inspection is a visual assessment of the current state of a residential property. Buyers and sellers should get inspection done to determine the condition and performance of a home.

A thorough home inspection can help buyers identify its strengths and weaknesses before they finalize the deal. For sellers, inspecting a house can help them fix structural or other repair issues before they list their properties for sale.

If you’re a buyer…

Home inspection can help you avoid making a poor, costly financial decision. During the inspection process, you and your inspector will check the house structure, interior and exterior components.

Is the home safe? Is it comfortable to live in? Does it pose health issues or needs repairs?

With a proper inspection, you can figure out if it’s structurally safe and sound.

Furthermore, you can use the inspection to negotiate with the seller. If a home needs maintenance or repairs, you can ask for a further reduction in its price. As a result, a home inspection is a valuable tool for protecting real estate investments.

If you’re selling your home…

Sellers can use inspection to determine the right sale value of their property. The process allows them to identify home issues that require immediate repairs. Consequently, they can sell their homes at the highest possible price.

Home inspection tips to keep in mind:

When inspecting a home, buyers and sellers should consider these pointers:

  • Inspect the interior and exterior of a home, including the garage, entrance, bedrooms and bathroom, kitchen, living room, dining room, roof, neighborhood, and so on.
    Do not miss out the minor components, such as pipes, plumbing and more.
    Choose a certified, qualified inspector to perform a complete home evaluation.

At Kingsway Real Estate Brokerage, we provide Real Estate Agents Services in Milton and can help you assess the value of your home.

Whether you’re a buyer or seller, we simplify the process of home buying and selling in Milton and surrounding areas.

Book a consultation now to receive fast, effective real estate services in Milton, Mississauga, Oakville, and the Greater Toronto area.