Why Working With One Agent Only Is To Your Benefit

By 179479 on Thursday, February 22nd, 2018 in Uncategorized. No Comments

Why Working With One Agent Only Is To Your Benefit

From time to time I get a call from another agent that goes something like this:  “Hey. You know the buyers you showed homes to the other day?  I was just out showing them properties yesterday as well.  I didn’t realize you were already working with them…”

Thankfully most Realtors in our community lead with honesty and integrity, however it can still create an uncomfortable situation when the client wants to work with both of us.  Believe it or not, it’s actually to your benefit to work with only one realtor.

I appreciate the fears that could be going through your mind.  What if they don’t give me all the information? What if they only show me their listings? What if I don’t like them?  These are some concerns I’d have as well if I were in your shoes.

The good news is that if the Realtor you’re working with doesn’t feel like the right choice, you can choose a different one. As a forewarning, be mindful about what you’re signing when it comes to buyer’s agreements.  There are some agreements where once signed, you may not have the option to work with another Realtor until a certain time period has elapsed.

 

What are the benefits in working with only one agent?

  1. Saves you time

When you have one agent working for you, he or she can perform all the research on your behalf, narrow down a property list to include those that best suit your needs, and then show you all of the homes, whether it’s their listing or not.  When you work with multiple agents, you end up doing more research, paging many Realtors, and then wait for them to get back to you, which may not happen all the time.

  1. Better understanding

As you look at homes with one Realtor, you can give him or her feedback on what you do and don’t like.  This provides your Realtor with a better understanding of your style, tastes and preferences. Although it requires added communication up front, it saves you plenty of time and unnecessary stress in the long run.

  1. Builds trust

Soon enough you’ll be signing an offer to purchase for one of the largest investments you may ever make.  Wouldn’t you want some reassurance that you’re making the best choice?  When your Realtor understands what you’re looking for, and has seen all the comparable properties, he or she can affirm if it’s the right decision or not.  Personally, I’d want 100% confidence that the person negotiating on my behalf is truly working in my best interest!

 

As it’s recommended we work with one pharmacist, one dentist, one doctor or one financial advisor, we also recommend you work with one Realtor.   You need the assurance of knowing you have a professional leading you with integrity while buying a home, as it’s a decision that will affect both your family, and financial future.

 

If you’re considering buying or selling a home and don’t already have a Realtor you’ve committed to, give us a call. It is always our greatest honour to serve you!

 

 

Jason Rustand with RE/MAX Real Estate serves with the highest level of integrity and excellence every time.  For more info on this topic or others related to real estate contact LIKE our Jason Rustand Team Facebook page, call us at 780.980.2828, email jrteam@shaw.ca or visit WeSellLeduc.com


8 Signs your home is priced too high – Part 2

By 179479 on Thursday, February 15th, 2018 in Uncategorized. No Comments

Last week we shared the first 4 signs you may find if your home is priced too high. As a quick recap, these included:

  1. Your home is priced higher than neighbors.
  2. You’ve had very little or no showings at all.
  3. You’ve had many showings, but no offer.
  4. Showing feedback indicates your home is overpriced.

 

If you want to explore these signs further, feel free to check out last week’s blog down below. As we dig into the next four signs, some of what we share may sting a little. Being candid is never easy, however it is important we share the truth even though it may be harder to hear.

 

Neighbour homes are selling, but yours is not. Sellers have a keen interest on how quickly neighbouring properties are selling and for how much money. At times a seller will say, “My neighbour’s home sold for $________, and ours is in better condition.”

There are many factors that influence the saleability of a home. This can range from size to style, floor plan to functionality, condition, upgrades, lot size, deck size, direction the house is facing, modern furnishings and so, so much more.

If one neighbours home has sold and yours hasn’t, no need to worry, this can happen. However, if multiples homes are selling around you and yours is not, this is a strong indication your home is overpriced.

 

You received low ball offers. A buyer may come along and offer a low price because he or she wants to get a ‘steal of a deal’. Other times ‘low ball’ offers come when a property is overpriced. The buyers like what they see, but they’ve also seen many other comparable homes at a better price. If you’ve received more than one offer that has come in at price much lower than your asking price it’s a sign that buyers are not willing to pay your price.

 

You hired the Realtor who gave you the highest price. At times sellers invite two or three Realtors out to do a listing presentation.  With the selection of agents available, it makes sense that you want to ensure you hire the right choice.

It’s important to be aware that some Realtors may ‘buy’ a listing by suggesting a price that is much higher than market value. Realtors go through a similar process and data to determine market value of a property so their value should be within a 3% margin at most. When a price offered is 5-10% higher than what others have shared, it’s possible this high price was given in order to secure the listing.

 

Your home did not sell and expired. Some properties are very unique or within a high end price range where buyer selection is minimal. Due to a limited number of buyers, these properties can sit on the market and eventually expire.

If your property is within a price range where we see a steady number of buyers, if it’s in good condition, is being marketed properly and is accessible for showings, it should sell. If it doesn’t, its very possible potential buyers did not see sufficient value for the price.

If you’re considering selling and would like more information about pricing and the selling process, be sure to give us a call! It is always our highest honour to serve you!

 

Jason Rustand with RE/MAX Real Estate serves with the highest level of integrity and excellence every time.  For more info on this topic or others related to real estate contact LIKE our Jason Rustand Team Facebook page, call Jason direct at 780.980.2828, email jrteam@shaw.ca or visit WeSellLeduc.com.


8 Signs Your Home is Priced Too High – Part 1

By 179479 on Thursday, February 8th, 2018 in Uncategorized. No Comments

8 Signs Your Home is Priced Too High – Part 1

Pricing is without a doubt the most critical factor when selling your home. You want to price your property right from the beginning, otherwise you risk missing your peak marketing period which can cost you more money than you think. The unfortunate outcome is that you’re more likely to end up with less money in your pocket once the sale is complete.

How do you know if your home is overpriced? There are many signs to know if your asking price is not meeting buyer’s expectations. If you’re selling your home or plan to sell, watch out for these signs, and if needed make a price adjustment as soon as possible!

 

Your home is priced higher than neighbors. More often than not, in most neighborhoods homes will be priced quite consistently. Realtors determine a property’s value by completing a comparative market analysis (CMA). The properties of comparison are typically those that have sold in the past 3-6 months of similar size and features within the same neighborhood. If data isn’t sufficient, other areas built within the same timeframe may also be sourced.

If your home offers similar living space, condition, features, lot size etc. and is priced much higher than your competition it is likely you won’t get much interest.

Certain elements can lead to a higher price point. Things like a massive lot, basement development, substantial upgrades and more.

 

You’ve had very little or no showings at all. Extreme weather conditions can be one reason buyers hold back from viewing properties.  If you’ve experienced no showings with -30 weather, that is fairly common. However, if your home is newer to the market and you haven’t seen a showing in the first few weeks, that can be another sign your property is priced too high.

As a seller this can be quite frustrating, especially when you work hard every morning to have your home is ‘show ready’ condition.

 

You’ve had many showings, but no offer. Depending on the price point, competition, number of buyers and a few other factors, properties that are priced right tend to see an offer in the first 10-12 showings. When a property has had 12 showings and no offers, this is a good indication buyers are seeing better value for the dollar with competing properties.

Though it can be hard to receive a price adjustment suggest from your Realtor, having lots of showings with no further interest is a strong indicator it may be your next best step.

 

Showing feedback indicates your home is overpriced. One thing we value is showing feedback from other Realtors who have shown our listings to their buyers. Their feedback can tell us exactly how your home compares to the other 4 or 5 they saw that same day.

Feedback is invaluable as it allows you as a seller the opportunity to correct things a buyer may object to. For example, if multiple buyers are saying the kids’ bedrooms are painted too bright, or the closets are too small, this is a clear indication you may have work to do. You could repaint in neutral tones, or declutter your closets while also buying some baskets to help organize what you have. Winners and Home Sense have some incredible, affordable organization options that also add a splash of décor to your closet spaces.

 

Next week we’ll be back, sharing the next 4 signs to know if your home is priced too high. Be sure to join us, or check out our blog at www.WeSellLeduc.com/blog

If you’d like a free market evaluation, or are considering buying or selling a home, give us a call. It is always our greatest honour to serve you!

 

Jason Rustand with RE/MAX Real Estate serves with the highest level of integrity and excellence every time.  For more info on this topic or others related to real estate contact LIKE our Jason Rustand Team Facebook page, call Jason direct at 780.980.2828, email jrteam@shaw.ca or visit WeSellLeduc.com.


Purchasing A Foreclosure

By 179479 on Thursday, February 1st, 2018 in Uncategorized. No Comments

What You Need to Know Before Considering A Foreclosure

We’ve all heard that you can get a good deal on foreclosure properties.  While it may seem like a great investment, we want to share with you what possible setbacks you need to be aware of, as well as the potential benefits that can be gained.

 

The Process

Although lenders can vary on policy, they often don’t consider foreclosure until a homeowner has fallen 90 days (or more) behind on payments. Their primary goal is for the owner to keep their home, but in the event it cannot happen, the foreclosure process can begin. Once a house has been foreclosed upon, the bank will work fairly quickly to attempt to recoup their money.  Most often, foreclosure properties are sold in as-is condition, meaning they are sold without guarantee and without warranty.

 

The Possible Setbacks

Foreclosure occurs when a lender has taken back a property because the owners fell behind and could not catch up their payments. When purchasing a foreclosure property, you’re basically buying someone else’s misfortune.  Their emotional turmoil and anger towards their financial situation may be taken out on the home, causing a lot of damage. It’s not uncommon to see holes in walls, damaged fixtures, or ruined flooring.

It’s almost a guarantee that when a homeowner can’t afford their monthly payments, they also can’t afford maintenance and upkeep; so buyers are typically faced with an extensive list of repairs that have been ignored.

With foreclosures, homeowners often take anything of value that can be removed from the property such as window coverings, appliance, fixtures etc.  You’ll want to budget replacement for items like these.

 

The Potential Gain

While many foreclosures are in pretty rough shape, there are some exceptions where buyers only need to do a few minor repairs, add a fresh coat of pain and replace the appliances and/or window coverings. Depending on the purchase price, adding the cost of replacement, repairs and upgrades could be much lower than the market value of comparable homes in the area. There could be potential for a good return on investment provided the cost of repair and additional expenses don’t exceed resale value of the home.

 

The Professional Support

By educating and surrounding yourself with experts in the foreclosure process, there is the potential to gain a decent return on your investment. Enlisting the support of an experienced Realtor who can guide the process, and negotiate the best price for you will set you up success. Hiring a home inspector who can provide a detailed report on necessary repairs will help you create a complete budget for repairs and renos. Of course you also want to hire a lawyer to ensure your purchase is protected during the closing process as well.

 

If you’d like more information about foreclosures, or are considering buying or selling a home, give us a call. It is always our greatest honour to serve you!

 

Jason Rustand with RE/MAX Real Estate serves with the highest level of integrity and excellence every time.  For more info on this topic or others related to real estate contact LIKE our Jason Rustand Team Facebook page, call Jason direct at 780.980.2828, email jrteam@shaw.ca or visit WeSellLeduc.com


2018 Home Décor Trends

By 179479 on Thursday, January 25th, 2018 in Uncategorized. No Comments

2018 Home Décor Trends

I must admit our family is not keen on following trends. It can almost become a full time job keeping up with new designs and décor. By the time you renovate a room to suit the newest style, another one has already come along.

Even so, it’s good to be in the know of what you can expect to see more of this year. If you plan to renovate or update your home, here are some of the top trends to look out for:

 

  1. Shapely furniture

Couches are going back to curvier shapes that enhance comfort and color. Feel-good furniture that offers softer shapes, larger sizes, cozy textures and are padded for maximum comfort will elevate the sanctuary feel many are going for this year.

 

  1. Environmental feel

Going natural is a relevant interior trend that is making headway with environmental colors like emerald, olive and sage. We’ll also see more natural looks like stone, wood and other earthy materials. These include wood end tables, storage units, kitchen accessories and more.

 

  1. Wabi-Sabi

 Wabi-Sabi is the Japanese art of finding beauty in imperfection and embracing authenticity. Here we will see more handmade, hand painted items that include rough edging and finishing. If you consider tables with burn marks, pre-wrinkled linen sheets and wood furniture with uneven grains this is imperfected look we’re referring to. The result is a personal, natural and organic esthetic.

 

  1. Brass is coming back

If your home was built in the 80’s or 90’s and is still finished with brass handles, faucets, fixtures and mirrors you may wish to keep some around a little longer as brass is making its comeback. Brass won’t necessarily be seen as a running theme in a home, however will be treated like an accessory.

 

  1. Rich tones

We’re still seeing neutral light gray leading colour designs, however richer, darker tones are starting to regain momentum. They are being set for specific use, alongside neutral tones of white, grey or cream, creating a strong yet calm and gentle look.

 

The key to your décor is to stick with what you love whether it’s the ‘in thing’ or not. You always want your home to be a reflection of what you value most. And, if you or anyone you know has considered buying or selling a home, give us a call. It’d be our highest honour to serve you!

 

Jason Rustand with RE/MAX Real Estate serves with the highest level of integrity and excellence every time. For more info on this topic or others related to real estate, LIKE our Jason Rustand Team Facebook page, call us direct at 780-980-2828, email jrteam@shaw.ca or visit WeSellLeduc.com

 

 


New Mortgage Rules for 2018

By 179479 on Thursday, January 18th, 2018 in Uncategorized. No Comments

 

New Mortgage Rules for 2018  

As of January 1st, 2018 buyers applying for a mortgage may have to prove that they’re able to handle interest rates that are substantially higher than their contract rate.

Canada’s federal finance regulator announced in October last year that buyers with a 20% or more down payment will have to face a stress test, similar to buyers with smaller down payments starting this year.

 

What is a Stress Test?

The stress test means that a mortgage application will be approved based on the Bank of Canada’s five-year benchmark rate, which currently sits at 4.99%, or their contract rate plus 2%, whichever is higher. This will cause many home buyers to settle for a less expensive home than what they would’ve originally been able to afford.

 

Renewals and Refinances

Lenders don’t have to apply the stress test to clients renewing an existing mortgage. If, however you choose to shop around for a better rate and don’t meet the stress test requirements, you will have to stay with your current financial institution.

If you plan to refinance your mortgage to pay off debt or do some renovations, you will have to qualify under the stress test rather than your contract mortgage rate.

 

Does Everyone Have To Do A Stress Test?

If you signed a purchase agreement prior to January 1st and are still awaiting possession, lenders will not apply the stress test. This remains true for pre-construction purchase agreements as well.

When evaluating whether or not to apply the stress test, financial institutions will consider the size of the mortgage compared to the price of the property as well as the buyer’s credit scores. This means not all buyers will have to face the stress test.

These new rules may turn some buyers away from being able to purchase a property or refinance their mortgage. The goal is for the stress test to ensure housing expenses remain below a certain threshold even if rates rise, promoting increased long term financial stability for Canadian families.

 

What Now?

If you’re thinking about buying or upgrading your home and want to see if the new mortgage rules affect you, give us a call. We’d be happy to get a better understanding of your goals and set you up with a great mortgage specialist so you know if, or how much your purchase plans may be affected. We’ll give you our honest feedback about what options may be right for you.

 

 

Jason Rustand with RE/MAX Real Estate serves with the highest level of integrity and excellence every time.  For more info on this topic or others related to real estate contact LIKE our Jason Rustand Team Facebook page, call Jason direct at 780.980.2828, email jrteam@shaw.ca or visit WeSellLeduc.com

 

***article resourced from globalnews.ca ***

Twas the night before Christmas…Real Estate version

By 179479 on Wednesday, December 13th, 2017 in Uncategorized. No Comments

Twas the night before Christmas and all through the house

Not a creature was stirring, not even a mouse

The JRT sign hung on the front lawn with care

In hopes that a buyer would soon be there

 

The sellers polished and cleaned day after day

“You want to be prepared for a showing”, we’d say

Dreams of an offer danced in their head

While visions of a winter move filled them with dread

 

MLS.ca, WeSellLeduc.com, the Rep to name a few

Professional photos, Facebook, Instagram, & video too

Keep your hopes high, our marketing efforts continue to grow

Even though the holidays cause it to be a little slow

 

We got the call, a buyer is coming in two nights

Fantastic news, we will turn on all the lights

Come on kids, pick up the toys and clean up your room

No you can’t just sweep them under the bed with the broom.

 

We spoke with the buyer’s Realtor, an offer is on its way

You can expect to hear back from us later today

We have your offer, but it came in a little low

No worries, it’s the season, it’s the way it can go

 

We’ll negotiate your price, there’s no need to stress

Leave it all to us, we’ll do what we do best.

I called up the agent right on the spot

I asked, do you think they’ll accept the price or not?

 

Back and forth we go a little more

We’re almost ready to settle the score

That’s it, we did it, the buyer’s agree

Our sellers are happy and filled with glee

 

“Oh my!” they exclaim; we need a new house in 30 days

We need to shop and pack fast to get through this phase

We’ve got the right buyer’s agent just for you

Her name is Liz and she knows the urgency you’re in too

 

“We’ve got seven properties to choose from”, Liz said

Tomorrow we’ll find one that’ll fit your king sized bed

We looked and looked until the night was nearly done

And there we find it. This is it. It is ‘the one’

 

For us, it is an honor to be your real estate team

It’s more than selling houses; it’s helping you achieve your dream

As we reflect back, our hearts are filled with joy and delight

Merry Christmas to all, to all and good night!

 

Jason Rustand with RE/MAX Real Estate serves with the highest level of integrity and excellence every time. For more info on this topic or others related to real estate, LIKE our Jason Rustand Team Facebook page, call us direct at 780-980-2828, email jrteam@shaw.ca or visit WeSellLeduc.com


The Unexpected Costs of Renting Your Home

By 179479 on Tuesday, December 5th, 2017 in Uncategorized. No Comments

Renting your home can be tempting if you haven’t been able to sell it.  From a homeowner’s perspective, as long as rent covers your mortgage, taxes, and insurance, it’s got to be a viable option, right?

 

Before making any major decisions we want to share with you some of the costs associated with renting out your home that you may have not known or considered.

 

  1. Upgrades & Maintenance Costs

If you want to attract the best tenants to take the best care of your home, it has to also show the best.  To attract higher quality tenants, landlords will likely have to spend $1000 or more on minor upgrades such as paint, flooring etc. On top of that you will have ongoing maintenance costs that come up. Whether it’s fixing a leaky faucet, regular furnace & duct cleaning, gutter cleaning, or fixing the dishwasher, there are costs that will inevitably come up.

 

  1. Vacancy Costs

Just over a year ago, vacancy rates were at an all time low.  With the changing market, this is not the case anymore. More and more we’re seeing rental ads that state, “first month FREE” or “only $500 DD required” with a 1-year lease. With increased competition, landlords are offering incentives to avoid vacancy costs.  A single month can pass so quickly, and your PITI (principle, interest, tax and insurance) payments of $1500+ are now out of pocket or sitting on a line of credit.

 

  1. Tax Costs

Although it’s not disposable income, any principal that gets paid down on your mortgage is considered taxable income.  Depending on your interest rate and mortgage balance, this could equal an additional 6-10K of taxable income.  If you typically get money back at tax time, don’t be surprised if you now end up owing money.  For more information, be sure to speak with your accountant.

 

  1. Clean Up & Legal Costs

Our sincerest hope is that nobody gets caught with a poor tenant, however there is no guarantee you’ll avoid one.  “Professional tenants” know how to make it look like you just landed the best tenant ever, when they actually have a different plan in mind. Once they move in, they have no intention of paying rent, they purposely damage your home, and then leave a huge mess behind. If you’ve ever known anyone to experience this, it’s absolutely horrifying.  The costs associated with such a tenant can a minimum of $5,000 and well over $10,000.  On top of that you can endure legal fees trying to recoup damages, but if they don’t have anything to give, you have no hope of getting it back.

 

  1. Sale-able Condition Costs

It’s impossible to know if you’ll have a cooperative tenant once you’re ready to sell.  It is rare that a tenant will ensure your property is in the cleanest, most showable condition to sell.  Some will purposely work against you by leaving the property messy, as they don’t want to move.   You risk losing thousands of dollars because your home is in less than excellent condition.  Alternatively you could wait until your tenant moves out, get it all cleaned up and ready to sell, which again you’ll endure more upgrade costs, in addition to vacancy costs while it’s on the market.

 

We don’t know exactly how long it’ll take for our market to respond at an increasing rate again.  Although the value may not be what you hoped to get today, it may be as good as it gets for the next couple of years.  Knowing that, it’s likely a better option to accept a little less now, than rent it out and accept even less later, along with a lot more work.

 

Jason Rustand with RE/MAX Real Estate serves with the highest level of integrity and excellence every time. For more info on this topic or others related to real estate, LIKE our Jason Rustand Team Facebook page, call us direct at 780-980-2828, email jrteam@shaw.ca or visit WeSellLeduc.com

 

 


Can I Still Sell My Home In The Winter?

By 179479 on Wednesday, November 29th, 2017 in Uncategorized. No Comments

Now that winter is officially here many sellers will be thinking they’re better off to wait it out until the spring.  Some sellers are misled to believe that properties don’t sell this late in the season, which is a common real estate myth.

 

The truth is that properties sell all year long. While there are differences between selling in the spring verses the winter, it can still be done.  Today we’re sharing with you what makes this season a great time to sell!

 

Less inventory.  With spring being the most desirable time to sell, it also brings higher inventory and more competition. The fall and winter months bring less inventory allowing you a larger window to stand out against your competition. Often inventory levels drop at this time of year as sellers take their home off the market for the holidays.  Sharp sellers see this as a perfect opportunity to capture a motivated buyer.  To be sure, it’s important to get ask your Realtor how much competition there is with homes similar to yours, as it can differ from one price point to the other.

 

Holidays bring out emotions.  What we appreciate most about selling now is that it’s a wonderful opportunity to show case your home decorated for the holidays. The holiday season brings joyful memories, and what better opportunity do you have to create an atmosphere where buyers can envision their future family celebrating in your home? Drawing out these emotions allows your home to feel more warm and inviting, especially in the colder, dreary weather.

 

Motivated buyers. It’s likely you’ll experience fewer showings overall during the winter, but the quality of your buyers will be higher. Why else would someone look at your property in the dark, cold evenings unless they were motivated to buy?

 

Potential relocations. Relocations are most commonly seen at the start of a new year and into the first quarter, making this a great time to sell. These aren’t buyers who are ‘window shopping’ to help them ‘get a feel for the market’. They’re serious buyers who need to find a home now.

 

Share summer photos.  You don’t need the spring season to show case your beautiful yard when you have a great opportunity to share some summer photos of your home even though it’s winter. Buyers will appreciate your extra effort to help them envision what what they currently cannot see. And you can be sure most sellers won’t take this extra step so it’s one more way you can stand out.

 

Don’t put off what you can do today. If you think you’re ready to sell your home, or just want to talk with a local realtor to see how your home compares to the current inventory, contact us today. You’re in the driver’s seat. The right time for you to sell is when you say you’re ready to move forward.

 

 

Jason Rustand with RE/MAX Real Estate serves with the highest level of integrity and excellence every time.  For more info on this topic or others follow Jason Rustand Team on Facebook and Instagram, call Jason direct at 780.919.0004, email jrteam@shaw.ca or visit WeSellLeduc.com

 


Areas a Professional Home Inspection Examines – Part 2

By 179479 on Tuesday, November 21st, 2017 in Uncategorized. No Comments

For many people, buying a home is the biggest investment they will ever make. A home inspection helps to ensure the home you choose will be a safe and sound property for you for years to come.

 

This month we’re talking about the various areas a home inspector examines. Last week we covered the exterior of the home. If you missed it, you can find it on our blog at WeSellLeduc.com. This week we’re talking about the interior elements that get examined, and next week we’ll discuss what options you have if you’re not satisfied with your inspection.  Keep in mind that our list is limited, as we simply cannot include everything that an inspector’s detailed report would include.

 

ATTIC – Inspectors are looking for previous or current moisture, evidence of decay or damage, and that there is sufficient insulation and adequate ventilation.

 

INTERIOR ROOMS – Inspectors want to ensure there are no structurally significant cracks on walls and ceilings. They verify windows and doors are in good condition and function properly, electrical outlets test properly, and there is heating provided where required in each room.

 

KITCHEN – Inspectors check that the cabinets are in good condition and that the doors and drawers operate properly.  They test to ensure all appliances (laundry appliances as well) are working and often record the serial numbers.  They check the sink plumbing for leaks and adequate supply and waste water flow.   They examine outlets near the sink to ensure they are GFCI protected and in good working order.

 

BATHROOMS – Inspectors seek to ensure there is adequate water flow and pressure, there is good drainage, and areas that require caulking are sealed. They confirm the outlet near the sink is GFCI protected and in good working order and that the fan works properly.  If a tub or shower has a tile surround, then want to ensure the grout isn’t cracking and the tiles and wall behind them are secure.  The sinks, toilets, showers, and tubs are also inspected for damage and past or present leakage.

 

BASEMENT – If there were a place where moisture would be most evident it would be in the basement. Here inspectors perform moisture readings and look for visible mold, inspect the exposed foundation for cracked areas, flaking or efflorescence. They also confirm there is sufficient insulation in areas where visible.  Any visible structure is also examined for deficiencies.

 

ELECTRICAL – Inspectors want to see there are no safety issues inside the electrical panel. They verify the type of wiring the property has. They want to see all wiring in good condition, and that it is secure and protected.  They test all of the outlets to ensure they don’t present a fire or safety hazard.

 

HOT WATER TANK – Inspectors are looking for visible signs of corrosion and leakage. They confirm the location of the main shut off valves for water supply and gas while checking for gas odor and proper ventilation.  They also check the age of the hot water tank so you have a rough idea of how many years of life are remaining.

 

FURNACE & A/C – Inspectors want to see if there are any signs of improper or unsafe operation.  They’re checking for gas odor, that the air filters are clean, the ducts are in good condition and providing airflow where required.  They also check the age and condition of the unit(s) so you have a rough idea of how many years are remaining.

 

FIRE SAFETY & MISC – In addition to confirming safety with electrical, inspectors ensure the dryer-exhaust system is properly vented to avoid risk of fire or excess moisture in the home. If the property has a garage, they ensure the common wall and door to the home has the proper fire rating.  They also verify the presence of the property’s smoke and carbon monoxide detectors, and handrails.

 

THERMAL IMAGINGOne of the newest tools available, and one that every inspector should be using on your inspection is a Thermal Imaging Camera.  This tool helps the inspector find defects undetectable by the naked eye.  When used by a properly trained inspector, it can help them discover building and plumbing leaks, electrical issues, heating and cooling system problems, and insulation deficiencies.

 

As we mentioned last week, if you don’t already have a property inspector for your future purchase, our highest recommendation is Craig Wagner with Platinum Home Inspections. We’ve worked with Craig for years.  He’s a thorough, professional, honest businessman who’ll have the protection of your investment and peace of mind as his highest priority. You can contact Craig at 780-940-0287 or at craig@platinumhi.ca

 

Jason Rustand with RE/MAX Real Estate serves with the highest level of integrity and excellence every time. For more info on this topic or others related to real estate, LIKE our Jason Rustand Team Facebook page, call us direct at 780-980-2828, email jrteam@shaw.ca or visit WeSellLeduc.com