Nova Scotia Real Estate Practice Exam

Question: 1 / 400

Why might a buyer choose to have a property inspection?

To strategize the sale process

To uncover potential issues with the property's condition

A buyer might choose to have a property inspection primarily to uncover potential issues with the property's condition. This inspection provides a thorough examination of the home, allowing the buyer to identify any structural, mechanical, or electrical issues that may not be visible during initial viewing.

Understanding the condition of the property is crucial; it empowers the buyer to make informed decisions regarding their purchase. For example, if significant repairs are needed, the buyer can negotiate with the seller for repairs, adjust the offer price to account for these issues, or, in some cases, decide to walk away from the deal altogether. Having this knowledge gives the buyer leverage and peace of mind, ensuring they are not surprised by hidden defects after the purchase is finalized.

Other options do not align closely with the main purpose of a property inspection. While strategizing the sale process, avoiding agent fees, or assessing neighborhood pricing trends may all be relevant to the overall buying process, they are not direct justifications for conducting a property inspection.

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To avoid agent fees

To assess neighborhood pricing trends

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