Question 1

Does the seller's property information statement replace an inspection in Ontario?

Accepted Answer

No, the seller's property information statement does not replace a home inspection. The two serve different purposes, and RECO, which regulates real estate agents and brokerages in Ontario, calls a home inspection one of the most common conditions in an offer to purchase a property. RECO notes that a seller completing the statement may not be aware of property defects, and that the information it contains is based only on their personal knowledge.

Question 2

Should I attend the home inspection on a Kanata house?

Accepted Answer

Yes, attend. Ontario.ca says directly: "If you're the homebuyer, make sure you're there for the inspection." Being present lets you see conditions as the inspector notes them, ask questions on the spot, and understand what the report will describe before you read it later. The report will normally show the condition of every major system and component, areas that are unsafe or need repair, anything not working properly, and evidence of past problems.

Question 3

Can I renegotiate the price after the inspection in Barrhaven?

Accepted Answer

After an inspection, ontario.ca lists four options a buyer has: ask the seller to make certain repairs, accept a defect and deal with its consequences, ask for a price adjustment, or not buy the home. A price adjustment is one of those options, but whether a seller agrees to anything is a negotiation between the two parties, and the outcome is not something any source predicts. What shapes that conversation is the inspection report itself.

Question 4

What can I ask the seller after a bad inspection in Orleans?

Accepted Answer

Ontario.ca lists four options for a buyer after a home inspection: ask the seller to make certain repairs, accept a defect and deal with its consequences, ask for a price adjustment, or not buy the home. Which of those your offer allows, and how to ask, are questions for your real estate agent or lawyer. What the inspection gives you is the report.

Offers & Conditions

Does the seller's property information statement replace an inspection in Ontario?

Should I attend the home inspection on a Kanata house?

Can I renegotiate the price after the inspection in Barrhaven?

What can I ask the seller after a bad inspection in Orleans?