The Due Diligence, or Conditional, Period and Inspections

You've found your dream property, you've had a look at it and you've had your offer accepted. What comes next?

There is a lot of paperwork involved with buying property, but there is also a lot of due diligence involved. Whether the property is local or remote, residential or recreational, there are things about the property that you may want to have checked and/or verified before you commit completely to purchasing. These items would have become conditions in the purchase contract, and there would be a time frame included for completing these conditions.

Due to the diverse range of properties we sell in the BC Oceanfront office at Royal LePage Advance Realty, we have a wealth of resource information when it comes to the various inspections a property may require and who might be available to perform those inspections.

These could be:

• For properties that aren't on a city sewer system a septic inspection could mean having someone come out and check the system, as well as verifying with the local health authority that the system has a valid permit.
• For properties that aren't on city water, a water inspection insuring that water lines, wells or other domestic water sources are all in healthy, working order.
• Building inspections, for all properties with improvements on them. If wood stoves are involved then certain certifications (WETT) are required of the building inspector so they can also check the wood stove system.
• Docks and moorage for oceanfront properties, to insure all is in safe, working order.
• Electrical systems - this can require an electrician for a basic wired system or an alternative energy systems company for off-grid power systems.

These are just some of the onsite inspections our office arranges for clients. Many of these require Ed or Shelley's attendance, and some properties can require several days of inspections depending on the complexity of the systems.

When you work with the BC Oceanfront Real Estate Team, you are benefiting from a group experienced with the logistics and inspections required for all types of properties - and we put that expertise to work for you.

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