Comments on: Property condition disclosure http://teamfisher.com/property-condition-disclosure/ We're bringing Saskatoon real estate to life Tue, 22 May 2012 16:41:18 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Vermiculite: How it can affect health and resale of your home http://teamfisher.com/property-condition-disclosure/#comment-5591 Vermiculite: How it can affect health and resale of your home Fri, 13 Nov 2009 21:04:52 +0000 http://normfisher.ca/?p=22#comment-5591 [...] contains asbestos might require you to disclose its presence when you offer the home for sale. The Property Condition Disclosure Statement (PCDS), which is not mandatory for home sellers, but is commonly used in Saskatchewan, [...] [...] contains asbestos might require you to disclose its presence when you offer the home for sale. The Property Condition Disclosure Statement (PCDS), which is not mandatory for home sellers, but is commonly used in Saskatchewan, [...]

]]> By: Atlanta Real Estate http://teamfisher.com/property-condition-disclosure/#comment-5590 Atlanta Real Estate Fri, 03 Apr 2009 17:31:22 +0000 http://normfisher.ca/?p=22#comment-5590 We are agents in the Atlanta Real Estate area, and we are researching blogs to find the right type of blog for our team. This is a very nice blog with tons of information. Keep up the good work. We are agents in the Atlanta Real Estate area, and we are researching blogs to find the right type of blog for our team. This is a very nice blog with tons of information. Keep up the good work.

]]> By: Norm Fisher http://teamfisher.com/property-condition-disclosure/#comment-5589 Norm Fisher Fri, 03 Apr 2009 17:30:51 +0000 http://normfisher.ca/?p=22#comment-5589 Hi Lisa, your question is one which I couldn't even attempt to answer. A qualified professional should be consulted regarding the significance of the crack and I expect it wouldn't be very hard or very expensive to get someone to come and look at it. I will say that a certain amount of cracking is considered "common" in this area. Many new home builders construct basements in such a way that there is some controlled cracking. It's almost inevitable. As a general rule, horizontal cracks are considered to be much more serious than vertical cracks. Again, a qualified professional should have a look at this for you. Good luck! Hi Lisa, your question is one which I couldn’t even attempt to answer. A qualified professional should be consulted regarding the significance of the crack and I expect it wouldn’t be very hard or very expensive to get someone to come and look at it.

I will say that a certain amount of cracking is considered “common” in this area. Many new home builders construct basements in such a way that there is some controlled cracking. It’s almost inevitable. As a general rule, horizontal cracks are considered to be much more serious than vertical cracks. Again, a qualified professional should have a look at this for you. Good luck!

]]> By: Lisa Smythe http://teamfisher.com/property-condition-disclosure/#comment-5588 Lisa Smythe Fri, 03 Apr 2009 17:30:19 +0000 http://normfisher.ca/?p=22#comment-5588 I have a question re a crack in the foundation on a house....I recently viewed a home I am interested in but there is about a ten foot crack in the basement foundation. It does not look to be to bad (no water leakage etc) do I offer below the listed price due to this defect. Thank-you I have a question re a crack in the foundation on a house….I recently viewed a home I am interested in but there is about a ten foot crack in the basement foundation. It does not look to be to bad (no water leakage etc) do I offer below the listed price due to this defect. Thank-you

]]> By: Norm Fisher http://teamfisher.com/property-condition-disclosure/#comment-5587 Norm Fisher Fri, 03 Apr 2009 17:29:42 +0000 http://normfisher.ca/?p=22#comment-5587 Greg, Thanks for your post. It's s great question. I have no doubt that your friends are well intentioned but I have to go with your agent on this one. He or she is making this recommendation for a number of good reasons. I know that your friends will ultimately agree if you move forward on their advice and later discover a problem which you are unprepared to deal with. I understand that $350.00 is still a lot of money and at this stage in your life you can probably think of a thousand things that you'd rather spend the money on. However, if funds are tight it's probably even more important that you don't skip this critical step. All resale properties have some issues. Some of those may warrant a renegotiation with the seller, others are typical maintenance items which anyone would expect to find in an aging home. Regardless of what the issues are, you're far better off to have a full understanding of the things which need attention. That way you can budget and plan to keep your home well maintained. Occasionally a home inspection will reveal significant defects which require a substantial investment to repair. While rare, these discoveries are much less devastating to deal with when the other folks still own the place. If your offer is conditional upon a satisfactory inspection you can simply walk away. You indicate that you've saved enough for a down payment and for legal fees. Perhaps you're feeling like you can't come up with the $350 right now? Maybe a family member could give you a hand with this. Maybe your employer would be willing to advance you the cash and have it repaid through a payroll deduction or some additional hours. If those ideas can't work see if your agent can propose a solution. This person obviously cares enough to "insist" and may have some ideas on how to help you deal with this. Wishing you and your wife many happy years in your home. Greg,

Thanks for your post. It’s s great question.

I have no doubt that your friends are well intentioned but I have to go with your agent on this one. He or she is making this recommendation for a number of good reasons. I know that your friends will ultimately agree if you move forward on their advice and later discover a problem which you are unprepared to deal with.

I understand that $350.00 is still a lot of money and at this stage in your life you can probably think of a thousand things that you’d rather spend the money on. However, if funds are tight it’s probably even more important that you don’t skip this critical step. All resale properties have some issues. Some of those may warrant a renegotiation with the seller, others are typical maintenance items which anyone would expect to find in an aging home. Regardless of what the issues are, you’re far better off to have a full understanding of the things which need attention. That way you can budget and plan to keep your home well maintained.

Occasionally a home inspection will reveal significant defects which require a substantial investment to repair. While rare, these discoveries are much less devastating to deal with when the other folks still own the place. If your offer is conditional upon a satisfactory inspection you can simply walk away.

You indicate that you’ve saved enough for a down payment and for legal fees. Perhaps you’re feeling like you can’t come up with the $350 right now? Maybe a family member could give you a hand with this. Maybe your employer would be willing to advance you the cash and have it repaid through a payroll deduction or some additional hours. If those ideas can’t work see if your agent can propose a solution. This person obviously cares enough to “insist” and may have some ideas on how to help you deal with this.

Wishing you and your wife many happy years in your home.

]]> By: Greg http://teamfisher.com/property-condition-disclosure/#comment-5586 Greg Fri, 03 Apr 2009 17:29:07 +0000 http://normfisher.ca/?p=22#comment-5586 My wife and I are about to purchase our first home. Over the past couple of years we have scraped together enough money for a down payment and legal fees. It has been hard work and we don't have a lot of money to throw around. Our agent is insisting that we have the home inspected. Several of our friends think it's a waste of money. I would prefer not to spend the additional $350 right now. What say you Norm? Thanks. My wife and I are about to purchase our first home. Over the past couple of years we have scraped together enough money for a down payment and legal fees. It has been hard work and we don’t have a lot of money to throw around. Our agent is insisting that we have the home inspected. Several of our friends think it’s a waste of money. I would prefer not to spend the additional $350 right now. What say you Norm? Thanks.

]]> By: Brendan King http://teamfisher.com/property-condition-disclosure/#comment-5585 Brendan King Fri, 03 Apr 2009 17:28:51 +0000 http://normfisher.ca/?p=22#comment-5585 Hi Norm, great to see you blogging. I have enjoyed your entries so far. Look forward to more! Brendan Hi Norm, great to see you blogging. I have enjoyed your entries so far. Look forward to more!

Brendan

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