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Home inspections in a multiple-bid scenario

If you're selling a home in a hot market where multiple bids are expected, setting a conditions inspection date is also a great way to ensure any potential buyers who plan on making an offer can have an inspection completed that day to help mitigate risk.

While traditional home and property inspections are completed after the offer has been accepted, there are three more inspection options available to help Realtors and homebuyers better understand the inner workings of the property before an offer is submitted.

1. Verbal consultation during viewing

The home inspector joins the Realtor and client during the home viewing to provide a live verbal report. While you're touring the property, the inspector conducts a condensed 45 to a 60-minute non-invasive visual survey of the property's major systems in a limited capacity.

  • Public open houses and auctions were banned
  • Replaced by private and virtual inspections
  • Online auctions.

As an advisory service, this delivers some transparency prior to the offer, although it's not nearly as detailed as a full inspection where inspectors can go on the roof, look into the attic, and so on.

2. Pre-offer property inspection

The inspector completes a full inspection pre-offer, which includes a digital report, warranty and lifetime appliance safety recall monitoring. Major systems are evaluated, including the interior, heating/cooling, electrical, plumbing, exterior and roofing. This comprehensive report becomes the property's operations manual, which details deficiencies, safety concerns, system shut-off locations and maintenance suggestions.

Thankfully the worst did not happen, however there is no question the property market took it hard in the first few weeks of lockdown

by Julia Bieber

3. Technical advice during viewing

A professional inspector is your valued partner and a good community member. This means that even if there's no obligation for you to send business their way, the inspector is available to provide complimentary technical advice. While this has always been offered to any client who has had an inspection with us, we've now extended the free technical advice to anyone who wishes to buy a home and has questions.

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Tuesday, 22 June 2021

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