Home inspection Vancouver

 

Finding a good inspector with the proper training can be tough!! I have the training, experience and certifications required to be the best Inspector.  The main type of report I use is a narrative type report. I do not believe in giving my clients a check box type of report. You hire me to use my skills and trade to explain the problems/defects, how they affect the home and how to resolve the problems. I do this in a professionally formatted report with full detailed colour photos pointing out the problems so the report is clear and precise. I believe the reporting method I use is the best in the industry. My past experience in construction and management, makes me that unique individual with a technical mind and looking to details approach. I will exceed your expectations through creative thinking and desire for excellence at all times. Excellent communication skills, including listening to client’s needs and sharing essential information in a timely manner, are my strengths. This has allowed me to create a solid and loyal client base.  Home inspection vancouver

FINANCING ASSESSMENT

When preparing a new mortgage, or renewing an existing mortgage, lenders will often require their clients to obtain certain reports as part of the financing.

Commonly this involves providing to the lender a report on the physical condition of the property, a Phase I Environmental Site Assessment, and potentially other reports.

There will be different requirements for these reports, depending upon the lender. Most lenders are aware of the ASTM Standard E2018 for Property Condition Assessments and thus require the reports meet this standard as a minimum. However, there may be variances to the ASTM standard that lenders require, which could include, for example, a longer timeframe for considering capital replacements. The ASTM standard requires cost estimates be provided for repairs likely to exceed $3,000 within the next few years. Commercial Property Inspections

Some lenders will require the timeframe for planning capital replacements be extended to ten years or sometimes the term of the mortgage or the term of the mortgage plus two years. Additionally, lenders may require a somewhat higher cost threshold for cost estimating in the report. The ASTM threshold of $3,000 may be too low, and a threshold of $5,000 or $10,000 will sometimes be requested.

Through Primus Home inspections relationships with Environmental consultants, we are capable of providing Phase I, II and III Environmental Site Assessments in conjunction with our Property Condition Assessment, so that both requirements can be met for the lender through one point of contact.

Often when the Property Condition Assessment (PCA) or Environmental Site Assessment (ESA) is required by the lender, the lender will also require a reliance letter be provided in their favour. The reliance letter allows that the lender can rely on the report as if it was addressed to them. This provides added protection for the lenders, knowing that the engineering company will stand behind their reports. Primus Home inspections always provides PCA reliance letters for lenders of our clients, free of charge.

At Primus Home inspections we also know the importance of our clients selecting an engineering firm that is known to their lender and on their list of approved service providers. To that extent, we actively seek to ensure we are on all approved lists for the major lenders.