Buying a house in Old South London is not the same as buying a house in a newer section of London Ontario! A house is a house is a house, right? Wrong!
Most buyers of real estate in Old South and their sales representative think that if they get a home inspection and their lawyer uses title insurance, they are pretty safe! Unfortunately for many buyers, that was not the case and and in some cases, the sellers, have had many extra costs that were not planned for!
I am not implying that there were any improprieties by anyone, but some due diligence from both the buyers, sellers, their agents and their lawyers would have saved everyone a lot of sleepless nights and loss of thousands of dollars.
What about:
- Because of the age of some of these houses and lot lines, are there any infringments with surrounding neighbours? Find out before you buy if you can build that deck, fence or addition!
- Asbestos?
- Knob and tube wiring? Is all of it removed from the home?
- Heating, cooling. electrical and chimney condition
This is only a brief summary of things to consider, (I have a 118 point checklist) I use before when buying a house in Wortley Village and Old South London.
I love Old South London, my clients do as well and I am not a scare mongerer, but real estate Old South London should be handled more carefully and by those who know what they are doing! In other words, with professionals!
A famous oil well firefighter said:"If you think a professional is expensive, try hiring an amateur!"
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