When selling a home, everyone wants to put their best foot forward. Sellers want to maximize their chances at a quick sale and a high price, so they will want to make their home look – and sound – perfect.
But how does a potential buyer know that the seller’s claims are true?
Verifying a seller’s claims about a home – which can range from square footage to renovations to whether the home is zoned for a basement apartment – is why working with a real estate agent is so important.
According to Joseph Richer, registrar of the Real Estate Council of Ontario (RECO), a seller’s agent is obliged to verify and be accountable for the information contained in a home listing. While a seller’s agent must work to prevent any errors, Richer says that buyers and their agent must also make an effort to verify all the information provided.
In a piece for the Toronto Star, Richer says that the best way to do this is “to have the property inspected by a qualified home inspector, engineer or contractor.” He recommends providing the inspector with a copy of the listing so they know exactly what to inspect.
A buyer’s agent can also make sure an offer on a home includes conditions that will address any problems found in the inspection. If those conditions are not met following the closing date, the agent will work with the seller’s agent to provide a solution. A great buyers’ agent is the best protection you can have.