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A comment on Canada bans foreign home buyers for two years. Parent comment

Re:Canada bans foreign home buyers for two years by chasd00 on Tuesday April 19, 2022 @08:49AM (#31082387)
> The inspector finds a hundred little problems with the house, and the buyer can back out of the sale for any little complaint.

But that’s a very well known risk. An agent will have a whole checklist of things to look at before putting a house on the market to minimize that risk. Also, buyers lose at least some money if they back out, there’s a nominal sum put up that you don’t get back if you decide to not buy once the process is started.

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Re:Canada bans foreign home buyers for two years by cpwright on Tuesday April 19, 2022 @09:02AM (#31082517)
In my NY suburb, you do the inspection before the contract is signed. No money has yet changed hands, and it can be a point of negotiation or just walking away.
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Re:Canada bans foreign home buyers for two years by FireBeyond on Tuesday April 19, 2022 @07:57PM (#31090976)
That gets expensive at $400-800 inspection fees for any house you want to put an offer on.
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