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Today we discuss the shift in the Ottawa real estate market and the return of a conditional offer. This is traditionally how buyers would buy a house, but as inventory is rising and buyers now have choices, they are starting to see more conditional sales. It is important to know this as a buyer because the banks are changing the way they're doing things and are being tighter with their appraisal values.

The top things to look for in a home inspection are:

  1. The plumbing

  2. A damp or wet basement

  3. Inadequate wiring and electrical systems

  4. Cracks in the foundation

  5. Inadequate heating and cooling systems

A home inspection can negatively impact a seller's next sale price, so it is important to be aware of these details when preparing for a sale. The home inspector will be looking for damp attic spaces, vapor barrier issues, rotting wood, masonry work, unsafe electrical circuits, GCFI outlets, adequate security features, smoke and carbon monoxide detectors, and more.