Should You Skip the Home Inspection for a Better Deal?

Should You Skip the Home Inspection for a Better Deal?

When real estate markets are moving quickly, sellers sometimes become uncompromising. Why make concessions if your home is leading the neighborhood's Ms. Popularity contest? This may lead buyers, caught in the frenzy of a bidding war, to become reckless, yielding one of the most important aspects of the purchase process: the home inspection.

What an Inspection Won't Do

We don't buy homes frequently, so the process can be a bit confusing. The home inspection is one of the most commonly misunderstood processes in the real estate transaction.
Just as a home appraisal won't tell you that the furnace is about to go kaput, a home inspection won't tell you what the home is worth. These are two different processes, initiated by two different parties. The appraisal is bank-ordered. The lender uses the appraisal to ensure that the home is worth what you've promised to pay for it.
While a large home inspector training institute likes to claim that the inspection is "all-encompassing," it is far from that. That's not to diminish the value of the process – it is extremely important. But it can't tell you, for instance, what might be growing or breeding behind the walls or if there is a dangerous radon level in the home.
The home inspection is also not a guarantee that the home will be in the same condition when you take possession as it was when the inspection was performed.
The typical investigation by a home inspector is a visual one. He or she will look at the home's roof, structure and major systems, such as plumbing, electrical, HVAC and ventilation. If an inspector can't see an area for whatever reason – access is blocked by the owner's belongings or it's locked – he can't investigate it and therefore won't include it in the report.

What a Home Inspection Provides

Since a home is such a huge investment, it only makes sense to be concerned about its condition. A home inspection may just save you thousands of dollars. More than anything else, a home inspection by a licensed professional provides peace of mind.
The inspector will run the heating and cooling system and investigate the water heater. While in most cases an inspector doesn't have access to the heat exchanger in the furnace, he can tell you the condition of the filter. He has no way of knowing the condition of the wiring behind the walls, but he can test the system for shorts.
The best home inspectors will recommend further inspection by an appropriate contractor. For instance, if he feels there may be a structural problem, he may recommend that you contact an engineer.

Should You Waive the Inspection Contingency?

In a multiple-offer situation, a buyer who waives the inspection contingency is most likely going to prevail. What seller wouldn't relish the thought of a quicker close and fewer headaches, not to mention saving a ton of money if something happens to be wrong with the house?
But, by the same token, cash-strapped buyers need to know if the house they are about to buy has bad wiring, a leaky roof, a heating system on its last legs or anything else that may cost thousands of dollars to repair.
Buying a home without having it professionally inspected is the same as buying it as-is. If you've ever purchased a used car from a private party, you understand that you may be buying someone else's headaches. Even knowing that, the feeling that you may end up on the side of the road with a broken-down car is hard to shake.
Transfer that feeling to what will probably be the largest investment you make in your lifetime, and it's easy to understand why the home inspection has become a routine and vital part of the home-purchase process.

A home inspector can't possibly tell you everything that might be wrong with the home you're about to purchase, but you will be reassured that the major systems are in good working order. And that peace-of-mind is something you should never compromise on.

Richard Thyssen, Broker of Record
Colleen Thyssen, Sales Representative
Direct: 519-495-1541
Email: rthyssen@rogers.com
www.thyssengroup.com

Tips for Decorating Small Spaces

City dwellers, college students, retirees and many others often choose to live in condos, apartments, lofts, or small homes. The key to maximizing these living quarters is to take advantage of the space that is available, making it functional while utilizing the right décor to create a roomier, airy feel. Here are some tips for decorating small spaces, wherever your small space might be.

Choosing a Color Palette

Choosing the proper color scheme is absolutely critical to small interior décor. Although obviously still a matter of personal preference, it's best to go with light colors throughout. It's not uncommon to see an entire space painted white or in shades of neutrals as these colors tend to create a much roomier feel. Other cool colors such as light shades of blue or gray can also establish this effect. Bolder color can be added in décor items or even as an accent wall. In cases where bolder wall color is utilized, an abundance of natural light should be present in order to maintain that larger, roomy feel.
A lighter palette should also be considered when choosing flooring, cabinetry and even furniture. Lighter stains of wood, painted wood or tile and carpet selections help to further enhance the feel of a larger space.

Let the Light In

Natural light is the absolute best way to establish the feel of a much larger, airier room.
Select window treatments such as blinds or sheers that easily open and close, welcoming in the sun during daylight hours but maintaining privacy at night. Hang your curtain rods high and choose curtains that hang to the floor. This creates the feel of a taller space.

Take Advantage of a Small Kitchen Space

Keep it open and light. Incorporate a breakfast bar with stools that tuck underneath neatly. Work space and paths to the refrigerator, sink and stove should remain unobstructed and easily accessible. Consider stacking appliances if possible. A pull-out pantry and cabinetry with pull-out drawers can be useful when space is at a premium. To ensure you're taking full advantage of all cabinet and storage space, transfer large or bulky store-bought items to airtight containers or canisters for stacking. Consider a pot rack to further save on cabinet space and maintain a functional working space. Counter top items should be kept to a minimum.

Decorating Any Small Space: Function First!

Furniture, wall décor and storage capabilities are all critical considerations when decorating a small space.
Choose furniture that serves a dual purpose. A large trunk or something comparable can be used for a coffee table and will provide precious storage space. Consider tables with leafs that can be stored and used when you plan for company. Tables with benches also make a great option and utilize minimal space.
Built-in dressers are another great space-saving option, as are daybeds or even Murphy beds for studio spaces or in rooms that may serve a dual purpose.
Keep wall décor to a minimum! Consider a few large pieces of art, but add mirrors without question. They create an illusion of a larger space by adding dimension and also aid in the dispersion of natural light throughout your space, further enhancing a roomier feel.
Incorporate shelving whenever possible, utilizing your vertical wall space. Add decorative baskets under benches, coffee or end tables, and even under beds to maximize storage space and keep your small space tidy.


Decorating a small space can be somewhat challenging, but by keeping these tips in mind when decorating your studio, apartment or multipurpose room, you will create a much larger feel.

Richard Thyssen, Broker of Record
Colleen Thyssen, Sales Representative
Direct 519-495-1541
Email: rthyssen@rogers.com
www.thyssengroup.com

The Informed Buyer/Seller

Chemical-Free Weed Prevention Tactics

If there's one thing all gardeners hate, it is weeds. Fortunately, there are a number of chemical-free tactics you can use to control weeds in your garden. And in the long run, most of them will be cheaper than spending money on toxic, synthetic chemical weed controls.

Prevent Weeds Naturally With Other Plants

If you want chemical-free weed control, plant other plants.  Plant the plants that you want, and place them close enough together that there is no bare soil between them. Weeds grow where there is bare earth.  To Mother Nature, the earth is supposed to be covered with plants, so wherever there is bare earth and available space, a plant will grow. You might as well make it a plant you want instead of one you don't.

Mulch Provides Chemical-Free Weed Control

A 2 - 3 inch depth of mulch will provide chemical-free weed control. There are a lot of different materials that can be used as mulch. Mulch works by depleting the top 2 or 3 inches from the surface of the essential nutrients that plants need to grow.  If the mulch is deep enough, it will make it difficult for weed seeds to find soil in which to take root and grow.

Pulling Weeds is Important

As tedious as it may seem, pulling weeds before they go to seed is one of the most important weed prevention tactics available. All it takes is a little time and effort. Repeatedly cutting the tops of the weeds off with a garden hoe can eventually rob them of the means to photosynthesize, causing them to die, but pulling weeds up by the roots and discarding all of the plant is the best way to prevent future weed growth.

Kill Weeds With Vinegar?

A lot has been written recently about vinegar as a chemical-free weed killer. If pulling weeds isn't your thing, you can try spraying them with white vinegar. Vinegar does not actually prevent weeds; it only burns the leaves of weeds that are already in your garden.
Perennial weeds, which come back from the same plant year after year, will continue to grow back. This is because vinegar does not permeate into plant roots. The acetic acid in vinegar turns the leaves of weeds brown, and will work to rid your garden of small annual weeds - those that only grow for one season. However, large, perennial weeds will just keep coming.
Be careful where you spray vinegar or any chemical herbicides. If you accidentally get it on the garden plants you want to keep, you could burn their leaves.

No Magic Cure

When it comes to chemical-free weed prevention,  there is no magic cure. You will need to do some hard work if you want to keep weeds at bay. Set aside 15 minutes per day to pull weeds. Spend a little money on a layer of mulch, or plant your garden so full of the plants you want there will be little room for weeds to take root and grow.

Happy Gardening!

Richard Thyssen, Broker of Record
Colleen Thyssen, Sales Representative
Direct: 519-495-1541
email: richard@thyssengroup.com
www.thyssengroup.com

Great New Listing - Old North London, ON

Tips about choosing a closing date

Tips about choosing a closing date 

Besides negotiating the price, you should choose your closing date carefully.  This is one way to ensure that your deal will close smoothly.

Here are a few things to remember:

Whenever possible avoid having a closing date on a Friday at the end of a month. Typically this is the busiest day in most real estate law offices, especially in the summer and usually results in many deals not being able to close until later in the day (5 or 6 pm).

A great day for a closing is Wednesday.  It is much easier to manage any delays or extensions if something arises.

Sellers need to plan to be out of their homes by 3 pm on the closing day. Under most real estate contracts, sellers must turn over possession as soon as the deal is registered electronically. In normal circumstances, when the closing is not at the end of a month on a Friday, the deal will likely be registered by 2 - 3 pm. and at that time, vacant possession is to be given to the buyer.  

If you are buying and selling a home in the same time period, a good idea is to close your purchase 2 days early if possible and obtain bridge financing to assist you. You will have less pressure and have a few days to move in and tie up any loose ends. 

Sellers must turn the house over in broom swept condition, which means no garbage left behind. Buyers should make sure to schedule a final visit 2 days before the closing date to ensure that everything is as it should be.  This is also a good time to check the appliances (if included in the sale) and make sure they are working.

Buyers should not plan to move in until late in the day or the day after closing.  You do not want to have to pay extra to your movers if the closing does not happen until late in the day or the deal has to be extended.

If you are not moving in on the day of closing, buyers must check the condition of the home on that day to make sure that nothing has been broken or damaged since the date of your sale. The seller typically only warrants that everything will be working order on the closing date, not afterwards, so find out right away if you need to make a claim about anything after closing.

Keeping these tips about choosing a closing date in mind may save you stress and frustration when selling or purchasing a home.


As always, we will be there for you to help make this and other decisions that are in your best interest.

Richard Thyssen, Broker of Record
Colleen Thyssen, Sales Representative
Direct: 519-495-1541
email: rthyssen@rogers.com
www.thyssengroup.com

Taking the "scary" out of Real Estate

Even homeowners who have moved a few times can be intimidated by the
real estate market in general, and the buying and selling process in
particular.

First of all, making a decision to sell your home can be difficult. There are so
many questions, such as:
• Is "now" a good time to list?
• How much can you expect to get for your property?
• How long will it take to sell – and what if it doesn't?

Then there's the buying and selling process:
• How do you prepare your home for sale?
• How do you find homes that meet your criteria and are within your price range?
• How do you prepare your home for viewings?

Yes, there's a lot to think about. That's why finding a good REALTOR® who is an expert on the local market is so important.

We will help you understand the market, the current market value of your home,  and what you can expect should you decide to list.

We will walk you step-by-step through the home selling and buying process,
 and work hard to make sure everything goes smoothly.

So if you are considering buying or selling a home, take the "scary" out of Real Estate and contact us today.

We will  make all the difference!

Richard Thyssen, Broker of Record
Colleen Thyssen, Sales Representative
Direct: 519-495-1541
email: rthyssen@rogers.com
www.thyssengroup.com