Can a home inspector pass or fail a house? The answer in no! When an Agreement of Purchase and Sale is written with a condition for inspection. It means that the Buyer has the opportunity to hire a qualified and insured home inspector, and obtain a report from the home inspector satisfactory to the Buyer in the Buyer’s sole and absolute discretion. So, ultimately, the Buyer decides, whether the inspection went well or not and if they still want to move forward with buying the house. Sometimes, buyers are made aware of problems and are willing to accept them and make the necessary updates to fix the problem after they have closed the deal. Other buyers may choose to walk away from the deal after finding a surprising problem with the house during inspection. Other scenarios we see Buyer’s choosing to go back to the Seller with an amendment asking for either the noted problem to be fixed before closing date, or offer a lower purchase price in light of the new information obtained during inspection. If these terms are presented to the Seller, they first need to be accepted by all parties to the transaction in order to take effect. Once everybody agrees, the condition is removed from the offer either through an Amendment or Notice of Fulfillment.
As a Buyer, always ensure your Realtor is there with you for the inspection, if they cannot be there, ask for an explanation. If they are too busy to be there, during one of the most crucial moments of buying a home, ask yourself if they are the right fit for you. At Signature Team Realty, we always attend the home inspection with our Buyer clients. When we are representing a Seller, and a home inspection is taking place, represented by a co-operating Realtor, we ask that Realtor if they will be at the inspection. If they say no, we then attend the home inspection as a representative of our Seller client. We are never too busy to offer clients our full attention especially at crucial times during the transaction. To learn more about what we can do for you, please call our office at 613-628-1900 or visit us at 131-1 Queen St, Eganville, ON. K0J 1T0. Serving Renfrew County since 2013.