This is an important stage in the process of purchasing real estate in Montreal. Once we have made an offer to purchase, and the seller has accepted it, we need to fulfill the following conditions:
While the bank is analyzing our dossier, we simultaneously inspect the real estate. To do this, we hire an inspector who thoroughly examines the condition of the property.
The cost of an inspection is typically around $400 for an apartment and $500-800 for a house.
Why is inspection important? This procedure is necessary for the buyer to understand the real condition of the home. The inspector checks for cracks in the foundation and its condition, as well as the roof, attic, electrical wiring, plumbing, and much more.
If defects and discrepancies related to the condition of the house are discovered after the inspection, we have the right to cancel the purchase of the house and annul the deal unilaterally.
Inspection also has its nuances. However, my clients do not need to worry about it. I will assist in canceling the deal or conducting additional negotiations with the sellers if necessary.
