The warranty insurance program in is basically worthless to homeowners, and allows corners to be cut in construction. “Buyer beware” remains a challenge, and even the best due diligence conducted by a buyer still presents unreasonable uncertainty.
The origins of the National Certification Program (NCP) for home inspectors stretch back to 1997 when a report was issued by Canada Mortgage and Housing Corporation (CMHC) that uncovered noteworthy inconsistencies in the skill and diligence of home inspectors across the country that still persist today. With the support of CMHC, Human Resources and Social … Read more
With all the responsibilities of buying and selling real estate, the need for risk management is crucial. Whether pre-sale or resale, the onus for property evaluation is always on the buyer, although it is becoming more popular with sellers to have their own pre-sale inspection done to ensure that they are disclosing what needs to be … Read more
Letter to the Editor: Homebuyer beware – Coquitlam NOW – Friday, June 06, 2008 Re: “MLA wants regulations for home inspectors” Friday, May 30. The “neglect in protecting homebuyers” is widespread, and Coquitlam-Maillardville MLA Diane Thorne’s concern is shared by many. Home buying is fraught with risk and claims far too many victims; whether resale … Read more