In today's litigious society, home sellers and real estate professionals in London Ontario should take preventative steps to avoid after-the-sale problems which are experienced statewide in the real estate industry, according to leading industry professionals.

Other Valuable real estate information can be found at my London Ontario Real Estate Agents blog.

Learning about a home and the area surounding London Ontario, disclosing all factors affecting a home's value and obtaining a thorough inspection as well as a warranty plan are among the steps which can help reduce potential law suits.

Real estate professionals and home sellers should be aware of a neighborhood's zoning -- one of the factors which can affect a home's value in the future.

It is important to be informed about certain residential properties which can also be zoned for other uses such as commercial or multifamily housing. In a residential neighborhood for example, an adjacent lot which is later converted into an automobile body repair shop will most likely lower the value of surrounding single-family homes.

Other factors which can affect a London Ontario home's value include nearby projects in the planning stages and environmental hazards. Real estate professionals should check with local officials about future projects such as a new freeway or re-routing of streets which can increase traffic and noise.

'Real estate professionals and sellers in London Ontario should always disclose to the buyer this type of information about the area as well as any known environmental hazards such as a nearby landfill.

At the time a seller lists a home for sale in London Ontario, the real estate professional should be thoroughly aware of its condition and any problems to avoid future surprises during negotiations or after the close of the sale.

Home inspection should be used in every transaction. A home inspection not only reveals defects in a home that can be addressed before closing the sale, but it can give buyers a comfort level, knowing what they're getting and reinforcing their decision to buy.

Most real estate professionals and sellers received calls within the first six months about broken dishwashers, disposals, water heaters and leaking roofs on rainy days. Now, however, most calls are regarding problems about zoning issues and non-permitted add-on rooms.

Be knowledgeable about the condition of the property in London Ontario, disclose any known problems to the buyer and provide a warranty plan for unexpected mechanical breakdowns after the close of escrow. Taking these necessary steps will prevent after-the-sale problems and help limit future liability.

There is a lot of free information available to you about buying, selling or investing in London Ontario real estate. For complete information about the London Ontario real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything London Ontario real estate. So please feel free to contact me with any of your mortgage questions and I will me more than glad to answer your questions. Call me on my cell at (519) 854-1974 or email me.

Kathy Mendham-Meathrel
Sales Representative
Realty Executives Elite Ltd Brokerage
London Ontario Real Estate Agents
7-515 Wellington Road South
London, Ontario
N6C 4R3
(519) 649-6900

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 Tags: London Ontario Real Estate, London Ontario Canada Homes for Sale, London Ontario Canada Real Estate Agents

Article's Author

Kathy Mendham-meathrel
Realty Executives Elite Ltd Brokerage
London, ON

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