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This Weeks Questions
From: John H. in Surrey BC
|Q: I am buying a newer home built in the 2007 and am thinking I’ll waive the inspection because I feel it’s an unnecessary expense. Do I have any recourse if I discover a major issue with the home in a few years?|
A: Any home whether brand new or several years old should have an inspection completed. All homes have different levels of quality when they are originally built, and varying degrees of ‘wear and tear’ over the years. Keep in mind home inspection costs are insignificant (typically $400-$6000 depending on size) relative to the large values that we have in the lower mainland.
From: Todd T. in Langley BC
|Q: How long should you let your house sit on the market before taking it off without having to do a price reduction?|
A: This question will ultimately depend on the market conditions you are selling in. As an example, in the heat of the spring/summer market of 2016 a listing that was on for more than a week was considered ‘stale’ and would need a revamp on price and marketing strategy. Alternatively, in a more balanced market we would suggest a 30-60 day window for pricing and marketing strategy.