Barrie Home Inspector

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Commercial Property Inspector – Barrie

Real Estate

Commercial Property Inspector – Barrie is a Certified Building Code Official. He has attained the required training and education with the Ontario Building Officials Association and is fully qualified on Large Buildings and Part 3 of the Ontario Building Code. An unknowing inspector may lead you to believe your property is code compliant when you could in fact be faced with spending thousands or tens of thousands in required building code upgrades.

Aluminum Wiring: In the late 1960′s and early 1970′s copper prices rose and contractors/electricians switched from copper to lower costing aluminum wiring. Concerns with this type of wiring have arisen, for example, when aluminum wire is connected to devices (eg. receptacles, light fixtures) which were not designed for aluminum, or, when aluminum and copper wires are attached. In these cases a reaction can occur causing the connections to fail, perhaps become disconnected, and/or, potentially overheat, spark and catch fire. Symptoms of this can sometimes be seen in the discolouration of receptacles, flickering lights, or the smell of hot plastic insulation.

Asbestos became increasingly popular among manufacturers and builders in the late 19th century because of its sound absorption, average tensile strength, its resistance to fire, heat, electrical and chemical damage, and affordability. It was used in such applications as electrical insulation for hotplate wiring and in building insulation. When asbestos is used for its resistance to fire or heat, the fibers are often mixed with cement (resulting in fiber cement) or woven into fabric or mats. All types of asbestos fibers are known to cause serious health hazards in humans. Removing asbestos from a property can be expensive and time consuming. Personnel have to be licensed to perform asbestos removal.

Mould: Leaking roofs or basements can lead to an excess of moisture in your crawl space, basement or storage areas of your building or office. The best reason is to avoid the growth of fungus, mold, or mildew that may decay and destroy wood and potentially your indoor air quality. Moisture in any form provides the missing ingredient for spores to thrive and grow in its environment. Having your property or building inspected can prevent expensive clean up costs that might be incurred after you purchase a property.

Thermal imaging (infrared camera) is used on all our commercial property inspections. This amazing technology can aid in the detection of heat loss, moisture, water leaks, over-heating conditions and even mould detection. We also perform moisture checks with our up-graded digital moisture detector which allows us to detect moisture up to an inch behind most building products.

The Commercial Property Inspector has been in business for 7 years and has performed over 4,000 inspections. As a Certified Building Code Official with the Ontario Building Officials Assc he has master the Ontario Building Code by completing all the Part 9 (small buildings) and Part 3 (large buildings over 600 m2) which enables him to use this experience when inspecting your commercial real estate investment. All inspections are performed to ASTM E2018 standard and report is based on PCA format.

Looking to find Toronto Commercial Property Inspections, then visit www.commercialbuildinginspector.ca to find the best advice on GTA Commercial Property Inspections for your next investment.

Innisfil Real Estate Agents – Terms and Info

Personal Interest, Real Estate

Innisfil Real Estate Agents – Terms and Info.  The common definition for a real estate broker, real estate agent or realtor is a party who acts as a go between for sellers and buyers of real  property and attempts to find clients who wish to sell and buyers who wish to buy. In the Canada and the United States, the relationship was originally established by reference to the English common law of agency, with the broker having a fiduciary relationship with his clients.

Many of the newer Real Estate agents are linking up with agents in other provinces or even other countries to obtain referrals to new clients. The internet has allowed potential clients to contact agents in their prospective purchase area without leaving the house. Globalization has had an immediate and powerful impact on real estate markets, making them an international working place. The rapid growth of the Internet has made the international market accessible to millions of consumers. A look at recent changes in homeownership rates illustrates this. Minority homeownership jumped by 4.4 million during the 1990s, reaching 12.5 million in 2000, according to the Fannie Mae Foundation. Foreign direct investment in U.S. real estate has increased sharply from $38 billion in 1997 more than $50 billion in 2002 according to U.S. 2000 Census data.

Flat Fee MLS generally refers to the practice in the real estate industry of a seller entering into an ” la carte service agreement” with a real estate broker who accepts a flat fee rather than a percentage of the sale price for the listing side of the transaction. The buyer’s broker is still typically offered a percentage though that could be a flat fee as well. A Flat Fee MLS brokerage typically unbundles the services a traditional real estate brokerage offers and lists the property for sale in the local Multiple Listing Service (MLS)  la carte without requiring the seller to use its services for valuation assistance, negotiating, transaction management and showing accompaniment.

 

The listing Real Estate agent or broker  anticipates receiving a commission for the services the agent has provided at the conclusion of selling the listed property. Usually, the payment of a commission to the agent or brokerage is contingent upon finding a sucessful buyer for the real estate listed, the successful negotiation of a purchase contract between a satisfactory buyer and seller, or the settlement of the transaction and the exchange of money between buyer and seller.

When listing a property the seller agrees to a selling commission.  This commission used to be set around 6% of the purchase price, which was typically paid by the seller of the property.  There are newer Real Estate companies that are advertising discount commission fees for selling properties.  These are typically not full service companies but usually will offer full service for an added fee.

Controversy exists around how commissions paid to real estate agents are disclosed to buyers and the effect additional seller incentives may have on the negotiation process and final purchase price. If a listing agent sells a property above the listed price, they make additional income. In theory, this motivates them to get top dollar for the seller. However, if an agent representing a buyer obtains a lower sales price for their client, then they make a lower commission. Thus, it could be considered to be in the agent’s best interest to advise his client to purchase the property at a higher price

In a flat fee MLS listing, the listing agreement between the real estate broker and the property owner typically requires the broker to enter the property into the MLS and provide other contracted services, with the broker acting as what the traditional industry has coined a “limited service broker”. However, the flat fee industry prefers the term  la carte broker because the services are not limited. Instead freedom of choice is expanded to allow sellers to pick from a menu of services. For example if a seller opts to purchase marketing in MLS, Realtor.com and other distribution channels only, that does not imply that the listing broker would not have negotiated or offered more services if the seller wanted to pay for those services. In fact many flat fee brokers offer upgraded packages that sellers often contract for. Consequently, the services is not limited but instead custom crafted to the needs and wants of the seller.

Title Insurance is now replacing searches in the Land Registry Office. Title insurance originated in the US. The Law Society of Upper Canada, the group that regulates and oversees lawyers in Ontario, spent a long time looking into the implications of title insurance on the law profession. At the end of the day, they decided the best thing to do was to get into the business themselves and are offering their own package called Title Plus. Some lawyers in Orillia believe that soon you won’t need a lawyer (or a surveyor) to close a real estate transaction. Are they worried? Not really, with insurance companies paying for litigation, the extra court cases will more than make up for the lost business. Many people too want a real survey so they can see exactly what they’re buying, so the survey business won’t die.  The real winner here is the consumer, which is why many observers expect title insurance to quickly become the norm, especially now that the Law Society is backing it.

When buying property in the Alliston Ontario area choose your agent from the www.innisfilrealestateagents.info site to get a professional agent who will provide you with personalized service and ensure your buying or selling experience is a pleasant experience with no surprises.

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