be too afraid to ask questions about what you see. Some things that are common knowledge to the inspector might be new to you. Ask. Don’t be intimidated about asking for an explanation if you don’t understand what’s going on. House inspection conditions apply to new construction, as well. Newly built houses can also have issues. Buying a house will likely be the biggest purchase in your life, and this isn’t the time to gamble with such a large amount of money at stake. When buying a home, always get an inspection prior to signing. If you are buying a condo in Alberta, you will have 10 days to rescind the contract, that is your right with new construction.
WHAT TO DO AFTER THE INS O AFTER THE INSPECTION
After receiving an inspection report, there are two possible outcomes about how the situation may develop. In the best-case scenario, everything is fine, the house is in good condition, and no further work is required. You can now remove your inspection condition which requires a document called a "Waiver". A more typical scenario is that the house requires some minor repairs. As previously mentioned, this can involve re-negotiation of the price, or you could ask that the repair be done and inspected before possession day. This would be an amendment to the contract adding an additional term. There’s no standard template or step-by-step guidance about what to do if there are issues with the house. In many cases I've written in detail what repairs I wanted the seller to address before completion day. We would come up with an amount slightly higher than the repair cost as a holdback of funds in case the seller didn't complete the work by completion day. A word of caution though recently some lenders will not allow holdbacks on the contract. Some repairs needed may not be worth it but really weigh out the cost vs benefits. If there is a problem that must be repaired but the homeowner, but they refuse to address the issue or won't readjust
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