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*Selling a property in Toronto? In this video, Karen shares expert insights on pre-list home inspections—when to schedule one, which add-on services can boost buyer confidence (like termite and thermal imaging reports), and when an inspection might not be necessary. These tips can help attract serious buyers and maximize your sale price.
*Curious about the top 4 reasons why a pre-list home inspection can be a game-changer when selling? Click here to watch Part 1 of this series.
Found this video helpful? Don’t forget to like and subscribe for more real estate tips from Karen by clicking here!
0:00 – Introduction
0:32 – When is the best time to schedule a pre-list home inspection?
0:46 – Should sellers attend the home inspection?
0:58 – How long does a typical inspection take?
1:07 – Why hire a reputable and insured home inspector?
1:22 – Why it's critical to work with an insured home inspector in Ontario
2:08 – Add-on inspection services buyers value (e.g. termite, thermal imaging)
3:10 – When a pre-list inspection might NOT be beneficial
3:21 – Do you need a home inspection for a condo?
Hi everyone! It’s Karen from Toronto.
Today we’re going to share a few tips on what you need to know, for conducting a pre-list home inspection when you’re selling a property. And we’ll also review circumstances where conducting a pre-list home inspection might not be beneficial.
This is part two of a video series on home inspections when selling a property. If you’re interested in learning four key benefits of conducting a prelist home inspection when selling, click the link up here or you can click the link in the description box below, to watch the first video in this series.
To start off, some clients ask us when is the best time to get the home inspection done?
Our advice is to conduct the home inspection within two weeks of launching the property to market. This is because buyers expect the home inspection report to be recently conducted.
Also, it’s a good idea to attend the home inspection as the property owner. This way, if the inspector finds any issues, you’ll understand the issue better by being present and you’ll be able to ask the inspector any questions you might have. You’ll want to set aside a few hours to attend the inspection. Depending on the size and condition of the property, most home inspections are completed within three hours.
Another tip is to only hire a reputable, established home inspector. This helps to ensure that the inspection is conducted thoroughly, and if you hire a trusted local home inspection company, purchasers can trust the integrity of the report that’s issued from an established third party company.
In addition, to help protect your best interests when selling a property, you’ll want to work with a home inspector who is insured. Here in the province of Ontario, it’s required by law that home inspectors carry insurance policies such as liability insurance and errors & omissions insurance. Working with a home inspection company that’s insured, helps with the integrity of the report, since purchaser can feel reassured that the same report would have been produced whether the report was paid for by the homeowner who’s selling, or if the report had been paid for by the purchaser. And with insurance coverage, if there are any significant issues with the property that are found after closing which the home inspector failed to report and it’s proven that the issue would have been present at the time of the inspection, then the buyer has recourse through the insurance company.
Another good tip to consider is adding on any additional inspection services that buyer would find valuable in your neighbourhood. For instance, parts of Toronto’s East York and the Beaches area, are more prone to termites. So providing prospective buyers with a termite inspection that clears the house of any termite issues, can go a long way in reassuring prospective buyers and helping to secure a stronger offer.
Thermal imaging is also another common add-on that’s valuable since thermal imaging helps detects water damage or high moisture levels, even behind drywall. And water damage, especially at the basement level of a home, is quite common in older homes, and can be a costly issue to remedy. Thus, by paying a slight premium for value add-on inspections specific to your neighbourhood, you’re being as transparent as possible with any potential purchasers. And potential purchasers will feel much more comfortable and confident in paying a premium price for a home that is thoroughly inspected.
Now, we talked about all the benefits and tips for getting a pre-list home inspection done. There are some exceptions where a pre-list home inspection is not nearly as beneficial, and one of those exceptions is when you’re selling a house that requires extensive renovations such as a full gut renovation job.
Also, for the vast majority of condominiums, you can skip a home inspection as well
In the case of condos, instead of a home inspection, the seller provides the potential buyer with a condo status certificate. And that status certificate is a document that is prepared by the condo property management, which outlines how well the building is operating structurally and financially.
So now you have some key additional tips on getting a pre-list home inspection done, and if you watch our first video in the series, you’ll also have the four top reasons on how a pre-list home inspection benefits you when you’re selling a property.
If you found this video helpful, go ahead and click that like and subscribe button now, to keep informed of future real estate tips. And if you have any real estate questions you’d like us to answer in an upcoming video, feel free to share a comment in the description box below.
In the meantime, if you’re looking for a trusted real estate team in the Greater Toronto Area, to give you that competitive edge when selling your home, give our team a call.
Thank you for watching!
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