Your new home or cottage purchase is a big reason to celebrate – much of the footwork is over, and now all you have to do is get the keys and move in! Well, almost. There are still a few tasks to conquer, such as going back to see the property you purchased. There are a few things to note during this process, so we’ve put together some of the most frequently asked questions regarding seeing your new home before your closing date.
How often can I visit the property after the purchase?
Typically, buyers can have two visits prior to the closing date. However, they can’t be unexpected ‘drop in’ visits. You’ll will need to ask your real estate agent to arrange the appointment with the seller’s agent; don’t contact the seller directly. As a courtesy, it’s advisable to give plenty of notice and take into account the schedules of the agents and others involved.
Where does the home inspection fit in?
A home inspection is not considered one of the two visits to see your new home. Home inspections are always advisable – and worth the money to protect your big investment. It should take place before the final paperwork is signed off on, as the inspector’s report will give you a solid idea of the overall condition of your home. You’ll want to know before signing off on the purchase if there are big warning signs or expensive repairs needed.
What do I do if I find a problem with the house during my visit?
A lot can happen to a house in the days and weeks after the purchase has been finalized but before you move in. That’s why having a walk-through after the dust settles is a great way to check for any potential concerns with the home. Ideally, your home inspection would have uncovered any key problems, but if you do uncover something that is a concern, put it in writing to your real estate agent who will forward your list to the seller and their agent to get the issues resolved if needed.
What if my new house has a well and septic tank?
Many rural or cottage properties run on wells and septic systems instead of being tied into the municipal water services. You’ll need to request a water test for the well and ensure that your water is contaminant-free. For properties with septic systems, you’re entitled to have it inspected and pumped out (if needed) before the closing date. Unless it’s stated otherwise in the purchase agreement, sellers are on the hook for resolving any contamination issues. Your real estate lawyer will review this important issue with you.
What can I expect on my final walk-through?
If you had items on your list from your first visit that needed attention, you’ll want to check that those repairs were completed. This visit is also a great opportunity to measure windows for curtains or blinds, and measure your doorways to ensure your appliances and furniture will fit through! Trust us, the last thing you want to do on moving day is remove a door jamb! You’ll also want to inquire if there are any tricks or tips to working any fixtures, appliances, the furnace and so on, as this may save a lot of future frustrations.
Your home, cottage or condo purchase has a lot of steps and details that shouldn’t trip you up. It’s our job at Ares Law to protect our clients and help safeguard their investment. We are real estate law specialists in the Parry Sound and Muskoka region, and we love what we do! We’re happy to answer all of your questions, just give Bernie Keating and his team a call at 705-746-6444.
