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 Post subject:
PostPosted: December 10th, 2007, 1:45 pm 
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Joined: November 2nd, 2003, 12:15 pm
Posts: 1310
Location: Victoria
I kind of envy you, the excitement of house shopping and all - I've been browsing the mls site today, lol. Big move - I hope everything goes smoothly. I don't know about the home inspection and all that - didn't go through it myself, but I'm sure you'll get lots of advice here.

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The recipe for perpetual ignorance is: be satisfied with your opinions and content with your knowledge. ~Elbert Hubbard


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 Post subject:
PostPosted: December 10th, 2007, 1:46 pm 
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Tourist

Joined: December 7th, 2007, 4:22 pm
Posts: 23
Brian,

also, what do you mean by new oil tank or furnace, very different terminology, from what i'm used to, do you mean heating system/boiler etc


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 Post subject:
PostPosted: December 10th, 2007, 1:49 pm 
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Joined: May 4th, 2006, 8:13 am
Posts: 2136
Most homes on Prince Edward Island (including this one) are heated by oil fired furnaces. I would imagine "boiler" would be the equivalent in Scotland?

An oil tank stores the fuel - usually about 600 litres at a time. This year, new rules came into place. Each home had to get the oil tank inspected and get it "tagged" by an expert. If it failed inspection - fuel companies are not allowed to deliver fuel.

A new oil tank runs about $1,500.

A new furnace - well - a hell of a lot more.


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 Post subject:
PostPosted: December 10th, 2007, 2:09 pm 
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Tourist

Joined: December 7th, 2007, 4:22 pm
Posts: 23
Thanks Brian for your advice, its appreciated,
If the oil tank and furnace don't work or have failed inspection, would the seller have to be truthful and tell any potential buyer?

It si noted on the MLS listing that woodstove and dishwasher don't work.


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 Post subject:
PostPosted: December 10th, 2007, 4:13 pm 
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Joined: May 4th, 2006, 8:13 am
Posts: 2136
I don't know the answer to your last question.

But I would recommend you ask the real estate agent some very frank questions such as "what does the listing mean when you say this house needs love"? That is a major red flag.

Also, if you really are serious about this property, get a home inspector in post haste.

I wouldn't ask the owner. They want to sell the property and therefore its in their best interest to downplay problems.


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 Post subject:
PostPosted: December 10th, 2007, 5:30 pm 
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Almost an Islander

Joined: November 22nd, 2007, 8:06 pm
Posts: 159
Location: Charlottetown
Hi Sharon,

I am a Realtor in Vancouver so I am sure much is the same relating to property law.

If the owner does not want to fill out the PCDS I would be somewhat concerned. If it was rented for a lengthy time that is different because the owner may not know about the current condition of the home. No PCDS means they will not comment whatsoever about the condition of the home. So its likely in very rough shape.

That said, the home is in a state of disrepair. I would get your own home inspector. Not reccomended by the listing agent. I would perhaps deal with a buyers agent because we don't really know the value of homes in the area and the lsiting agent works for the vendor.

I will likely use a buyers agent when I roll into town because I have no idea how to price a home there.

Paul


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 Post subject:
PostPosted: December 11th, 2007, 4:36 am 
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Joined: December 7th, 2007, 4:22 pm
Posts: 23
Thanks for your advice Paul and Brian, will take note!!


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