BUYING A HOME WITH A POOL? IMPORTANT CLAUSES FOR YOUR OFFER

By
Real Estate Sales Representative with BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE

Are you considering purchasing a home with an in-ground pool? Do you imagine hot, lazy afternoons, lounging by your pool with friends and family? Become an informed buyer, do your research, and ensure your real estate agent includes the appropriate clauses to protect you from unforeseen expenses on closing.

Unlike kitchen and bath renovations, or the addition of hardwood floors and crown moulding, a pool does not necessarily add value to the home equal to the cost of the pool. The fact is, that in most cases it adds little or no value to the home. Some buyers who view a home and love it, turn away from the purchase because of the existence of a pool. Your either love it and really want it, or you don’t.

Or course buying a home with a pool is much more appealing on a hot summer afternoon, rather in the cold dark days of winter. Often Sellers will display photos of the pool for perspective buyers as it appears during the summer months, to show it off at its best advantage.

If you are buying a home during the winter months, and the closing is set for the summer months after the pool has been opened, you need to insert clauses in your offer for protection from potential expenses. Ensure the pool will be opened by a professional pool company, and stipulate that in your offer.  Ask that the paid invoice be left so you may take advantage of any guarantees or warranties in the event of problems. Also, request the Sellers have the pool company do a thorough inspection of the pool prior to closing date, and ask the Sellers to leave a certificate of inspection or similar from the pool company.

If the pool has a heater, ensure a clause is inserted in your offer whereby the sellers will warranty that it also will be in good working condition on closing date in addition to the chattels and fixtures.  

Ask the Seller about various aspects of the pool prior to preparing an offer if the information is not contained in the listing.

  • How old is the liner? How old is the pool?
  • Were any repairs done to the pool in the last year, if so, by whom?
  • Has the pool been opened and closed by a professional pool company?
  • If the pool has a diving board, is the pool at a safe and proper depth to accommodate that?
  • Is the pool completely fenced in?
  • How high is the fence, and does it comply with the by-laws of your city.
  • Is all the pool equipment staying on closing. Ensure this is stipulated in your Offer.
  • If there is concrete or tiles around the perimeter of the pool, look for any cracks or loose tiles as these could be the source of leaks and future problems.
  • Check the soil around the pool and pump for any signs of water saturation.Pool

Ensure your real estate agent inserts a clause in your offer whereby the Seller guarantees that all chattels, fixtures and equipment are in good working order up to and including the day of closing. On closing day, after title has changed and you receive the
keys to your home, go and check everything to ensure everything is in good working order. The sellers are responsible until midnight on the day of closing, so if there is something not quite right, call your real estate agent to notify him/her and a report will be made to the listing agent and request the seller remedy any deficiencies.

Pools can be a source of great pleasure and fun for both you and for family and friends.

Just make sure you do your due diligence before you take the plunge!

I live and work in STREETSVILLE. Are you considering buying or selling, or know anyone who is? Please give me a call. I love referrals! (416) 717-6331.

www.gloriavalvasori.com

gvalvasori@rogers.com

Your STREETSVILLE Real Estate agent, dedicated to providing outstanding client service.

Posted by

                                                                                                                                                                                                                                

Mississauga and Streetsville Real Estate


When you choose me to handle your real estate needs, you choose a real estate professional who cares about you and your family, who listens to your needs and who will put your interests first and foremost. I will work together with you, protecting your interests, to achieve your objectives.

I have been uniting families and homes for more than 31 years.. Let me put my 31+ years of knowledge and experience to work for you when selling or buying your next home.

 

Proud recipient of the Platinum award for outstanding serivce with a rating of 100% voted by my clients!!

A great experience starts with a great agent !

Helping You Make The Right Move since 1987. 

Call me at (905) 896-4622 or direct at (416) 717-6331

 www.mississaugarealestateonline.com    gvalvasori@gmail.com            

              

 

No part of this publication, may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, or electronic methods, without the prior written permission of the publisher.  Copyright © 2018  Gloria Valvasori, all rights reserved.

 

close

Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Praful Thakkar 09/25/2011 02:47 PM
Topic:
ActiveRain Community
Location:
Ontario Peel District Mississauga Streetsville
Tags:
buying a home with a pool important clauses for your offer

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
4,301,228
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Hi Gloria, this is a real good post - and  sometimes I do ask some of these questions to the home inspector - but now, it will be a part of process. Thanks for sharing.

Sep 25, 2011 02:26 AM #1
Rainer
117,235
Linda Edelwich
William Raveis Real Estate - Glastonbury, CT
Glastonbury Office's #1 Top Producing Agent-not on

Hi! Great post.  Our home inspectors dont cover pools and we as Realtors really need to advise our buyer clients as to the ins and outs of ensuring a pool is in good order prior to closing.

Sep 25, 2011 02:29 AM #2
Rainmaker
589,783
Phil Leng
Retired - Kirkland, WA
Phil Leng - Retired

Hi Gloria,

Important considerations.

In our area, as in yours, a pool may not add any value to the home. We have so many trees with their leaves. I have seen more than one pool filled in, and used only as a border to some landscaping.

Good post

Phil

Sep 25, 2011 02:38 AM #3
Rainer
243,805
JOSH EVANS *JoshEvansHomes 516-655-5000
Village Properties of Mineola, LLC - Mineola, NY
Great post. Good info. In ny everyone puts pols as gift it gets them off the hook from all the stuff you metinoned
Sep 25, 2011 02:39 AM #4
Rainmaker
576,889
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

Thanks for your comments... most appreciated.  I've represeted Buyers in the past and I make sure the clauses protect my buyer.  In one instance about 4 years ago I made sure I included that the Seller would warrant that the pool heater along with all the other equipment was in good working order.  On closing, my clients went to the property and checked everything out as I had instructed, and lo and behold the pool heater was not working.  They notified me immediately as I had asked them to do, and I called the listing agent to report this deficiency.  The listing agent and Seller tried to get out of being responsible, but it was in wirting, and ultimately they had to replace the heater.

Sep 25, 2011 02:46 AM #5
Rainmaker
498,397
Sonja Patterson
Keller Williams - BV - College Station, TX
Texas Monthly 5-Star Realtor Recipient for the Hou

Way to cover your clients Gloria!! Yes, most people either "want it" or "don't want it" when it comes to pools!!  Here in the warm, sunny Houston-area, most subdivisions have at least one neighborhood pool (or more).  So, we have never felt the need to have our own. :)

Sep 25, 2011 03:33 PM #6
Rainmaker
576,889
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

We have such a short summer period here, its not worth it to me because of the expenses... would be nice to have though... 

Thanks, Sonja, have a wonderful day!

Sep 26, 2011 01:27 AM #7
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
576,889

Gloria Valvasori, Accredited Senior Agent

REAL Experience | REAL Commitment | REAL Results!
Do you know what your home is worth in today's market?
*
*
*
*
Spam prevention

Additional Information