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Home Inspection

Understanding your Home Inspection

A home inspection is a thorough inspection that evaluates the structural and mechanical condition of a property. A satisfactory home inspection is often included as a contingency by the purchaser.

A written statement of the results of the home inspection made by a professional home inspector will state problems and potential problems with the property not always visible to an average purchaser (ie a deteriorating roof, an ancient furnace, termites, wood rot, and basement seepage). Many purchasers make their offer to purchase conditional upon obtaining a satisfactory home inspection report.

The home inspection industry is currently not regulated; therefore, you have little or no recourse if errors are made on the inspection. Ask your real estate agent to provide you with names of reputable home inspectors working in your area.

Home inspections are not required in order to receive mortgage financing. The approximate cost of an appraisal ranges from $500 to $650.

Apply online using our 30 Second Mortgage Application

or Speak with us TOLL FREE 800.687.9020 throughout BC and Alberta

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