Canadian Homebuyers' Rights and Responsibilities
When buying a home in White Rock, South Surrey, or anywhere in Canada, it's essential to understand your rights and responsibilities as a homebuyer. In this post, we will explore some of the key aspects you should be aware of during the homebuying process.
Property Disclosure: In Canada, sellers are required to disclose any known material defects that could affect the property's value or desirability. However, they are not obligated to disclose stigmatized properties (e.g., a murder or suicide that occurred on the premises) unless specifically asked by the buyer. It's crucial to ask direct questions about anything that may be of concern to you before purchasing a home.
Home Inspection Rights: Homebuyers have the right to conduct a professional home inspection to assess the property's condition before finalizing the purchase. It's important to include a home inspection clause in your offer to ensure you can address any issues or negotiate repairs before closing the deal.
Buyer's Duty to Conduct Research: Homebuyers have a responsibility to conduct their due diligence when purchasing a property. This includes researching the local real estate market, verifying property information, and investigating potential issues such as zoning restrictions or environmental concerns.
Understanding your rights and responsibilities as a homebuyer will help you navigate the process more smoothly and make informed decisions about your property investment.
