Quote:
Originally Posted by burn_this_city
I don't think we want no home inspections becoming the norm here. I wouldn't even consider making an offer without stipulating an inspection.
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A major issue in Vancouver/Toronto is that housing prices are so high, that the types of things likely to turn up in an inspection are small in comparison to the price of the house and the opportunity cost you lose by not getting the house you want.
Inspections are great but they really can only do so much.
I though I'd never go no inspection either. Then I bought my house in Vancouver without one. The way the market and bidding was, the cost of the repeated inspections outweighed the risk. There were also so many things that needed upgrading in most houses anyways. I don't need to pay an inspector $1,500 to tell me that an old house might have mold issues. That's a given, and you deal with them as they come. The inspector can't even get into the really big stuff, which is inside the structure of the house.