THURSDAY, APRIL 28, 2022 • YOUR HOME YOUR WAY
» Continued from Page 10
In a worst-case scenario, buyers always have the option of hiring a home inspector after they take possession. At the very least, doing so gives new homeowners a better un- derstanding of the property they purchased, and may help them with prioritizing and budgeting for future repairs and maintenance, Richer said. Richer said it’s important to remember that even in the absence of a home inspection, sellers have the legal obliga- tion to disclose any “latent defects” that are significant enough to either render the home uninhabitable, or that come at a very high cost to repair. Both sellers and their realtors can face lawsuits if they knowingly fail to disclose a major issue with a property. Ultimately, it comes down
to individual buyers to de- cide what level of risk they’re willing to accept as part of their house hunt, Richer said. Some, like Sumar and Saggu, may decide to postpone their homebuying experience alto- gether. “For those buyers who are feeling pressure, and may feel they have to waive that home inspection condition, they have to be comfortable with that,” he said. “At the end of the day, they just need to be comfortable with the risk they’re taking on.”
Everything You Need to Get Ready for Summer!
» The Canadian Press
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