Re:Canada bans foreign home buyers for two years
by folkrav on Tuesday April 19, 2022 @10:00AM
(#31083208)
In Canada inspection contingencies only protect the buyer for major problems, and definitely aren't a "get out of jail free" card... I haven't seen anyone be able to back out after inspection in the last handful of years. Hell, we're having trouble even getting an inspection contingency to stick as people are more and more often foregoing that in hopes of getting their bid in.
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Re:Canada bans foreign home buyers for two years
by skeeter2020 on Tuesday April 19, 2022 @02:13PM
(#31086713)
Only time I ever used this was a wood foundation was found on inspection for a home we conditionally purchased listed as a concrete foundation. There was nothing wrong with it based on the inspection but I wasn't comfortable so we backed out. Every other case we've used the inspection to get concessions on mechanicals and roofs that needed replacing but I don't think we'd get the inspection or price reduction on an offer today.