According to a recent article in the Toronto Star, the housing market is so hot in GTA many buyers are foregoing the important step of getting a home inspection before buying.
“We understand the competitive nature of supply and demand,” said Dan Steward, president and CEO of Toronto-based Pillar To Post Home Inspectors. “Buyers are afraid that if they put in an offer contingent on the outcome of a home inspection, they may lose the home to three or four other bidders who are willing to take the risk of buying the home without that contingency.”
Steward continued, “If you really feel you need to go this route, we suggest a new buyer immediately should call in a home inspector after closing. If there are minor issues, a home inspector can spot them and the problems can be fixed and eradicated before they become not so minor problems.”
Check out the full story here.