Should I Buy a Home Without a Home Inspection in Toronto?

Buying a home without an inspection is possible, but it’s risky and should only be considered with extreme caution by an experienced and sophisticated buyer.

In Toronto’s fast-paced market, some buyers remove the inspection condition to make their offer more attractive. While this strategy can help in bidding wars, it carries major risks.

Disadvantages Without Doing A Home Inspection

• Hidden issues: Structural, plumbing, electrical, or roofing problems may only surface after closing.
• Unexpected costs: Without an inspection report, you may face tens of thousands in repairs.
• Less leverage: An inspection often gives you grounds to negotiate repairs or a price reduction.

Are There Safer Alternatives?

• Pre-listing inspection: Some sellers commission inspections prior to listing their property. Review these carefully.
• Pre-offer inspection: In competitive scenarios, you can arrange an inspection before submitting your offer.
• Realtor expertise: Work with an experienced agent who can flag potential red flags during showings.

Fox Marin Team encourages clients to complete an inspection whenever possible. If market conditions push you to consider skipping it, Fox Marin will help you explore safer alternatives and make an informed decision.

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