Around the house: Home inspections have value beyond resale

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The raging real estate market of spring 2022 put lots of money in lots of pockets. But for those who bought homes during its height, there could be costly…

“The real estate market was so frantic that it became the norm put in any conditions, whether it was on financing or inspections. Sellers were getting so many offers, and they at the clean ones,” says Carson. CHIC was formed, he adds, as his industry’s response to seeing these homeowners feeling pressured into foregoing inspections.

The coalition hopes to aid government, media, and homeowners recognize the value and importance of inspection. “It’s about understanding what you are getting into, so that you can build the amount into your mortgage and decisions that allows you to manage finances.”Article content It becomes especially important, he suggests, when people are putting all their resources—and sometimes resources from mom and dad—into buying a home, only to find there’s just nothing left for unplanned expenses.

 

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