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GENWORTHCANADASPRING2O1419COURTESYHGTVCANADAYoulovethepropertybutyourinspectoristalkingtermites.Howdoyouknowwhentobuyafxer-upperandwhentowalkawayWeaskedrealestateinvestorcontractorandtelevisionpersonalityScottMcGillivrayhostoHGTVsIncomePropertyorsomeadvice.Itmaygowithoutsayingthatyouneedtogointoyournegotiationswithaclearideaohowmuchyoucanaordtospendbeyondthesalepriceothehome.Thequainturbancottagethatscaughtyoureyemayneedonly5000inpolishingtomakeitsparklebutiyoucantaordititmightaswellbe500000.IreallycategorizeproblemsthreewayssaysMcGillivray.Firstothesearetheabsolutedeal-breakerswhichshouldcauseanyprudentprospectivebuyertocashinthechips.Theseincludeevidenceodishonestyonthepartotheseller.AnythingthathasamajordiscrepancybetweenwhatthesellerhaslistedandwhattheinspectororrealestateagenttellsyouisabigredfagormesaysMcGillivray.Forexampleithelistingtellsyoutherooisbrand-newbutyourinspectortellsyouotherwiseyoushouldbealarmed.Iveseenlistingsthatsayallnewwiringanditsactuallyjustnewreceptaclesandswitchesonanoldelectricalsystemhesays.Youdbeamazedathowotenthisissomethingthatwend.Anotherdeal-breakerisanymajorstructuralissuesthatthehomeownerisnotwillingtonegotiateon.McGillivrayssecondcategoryoproblemiswhathecallsnegotiatingactorssuchasanoldroooracrackedwindow.Inthesecasestheselleradmitstheaultexistsandthebuyershouldeelreetonegotiateorareductioninthesellingpricewhichheestimatesmayamounttohalorallthecostodoingnecessaryrepairs.FinallyhesaysTherearethethingsnottoworryaboutthepaintcolourinthebedroomanoldtoiletWelltoughluckthosearemoremattersotastethanmattersonegotiation.AterallmakingthenewhomeyourownishaltheunFTOOLBOXCHECKOUTGENWORTH.CAFIXITorLEAVEITScottMcGillivrayonhowtoavoidbuyersremorseandbudgetsurprisesTOPTHEHOMEINSPECTION.BOTTOMHGTVSSCOTTMCGILLIVRAY