The start of a new year is often marked with the plan to create positive changes, a trend which is ringing true in the real estate industry for 2017.
A common component of the home buying process, is the home inspection, a step which involves bringing in an outside party to evaluate the home for potential issues. Despite the fact that approximately 65 per cent of homes sold receive a home inspection, home inspectors are one of the only professionals involved in the real estate transaction who are not provincially regulated.
This year, the provincial government intends to bring forth legislation that will allow the province to regulate the home inspection industry. If passed, the changes will require that home inspectors be licensed with proper qualifications, will set minimum standards for contracts, home inspection reports, disclosures and the performance of home inspections, and will establish an independent administrative authority to administer the licensing legislation and associated regulations.
“The proposed changes will give home buyers peace of mind,” said Cathy Rocca. “It is important to receive the most accurate information possible so that home buyers are not at risk for unexpected costs or potential safety issues.”
Currently the profession is governed by a variety of industry organizations, each with individual training programs and accreditation standards. If passed, the changes will allow the profession to become more streamlined and will introduce mandatory qualifications for all inspectors.
“By creating a more standardized approach to inspections, home buyers will be able to feel more confident in the information that they are receiving,” says Tanya Rocca. “With our clients especially, we always want to ensure that they have an extensive understanding of the home that they are looking to purchase.”
The new changes will also help to create a more balanced playing field for the profession, preventing inspectors with little or no training from competing with qualified professionals. The legislation is based on 35 recommendations made in a report by a government commissioned panel of real estate, legal and inspection experts.
The Rocca Sisters have built a solid reputation for serving their clients with a high standard of professionalism. Their full service, highly responsive, executive team of professionals are deeply committed to providing timely, ethical and comprehensive guidance to your home buying experience.
Contact the Rocca Sisters & Associates today and let their personal approach and proven results surpass your expectations.