Disclosure

Dated: 10/01/2017

Views: 20

Disclosure

 

Just finished a home inspection that brought up a major issue. The in-floor heating system in the basement was distributed with a tubing called Kitec. Definition "Kitec plumbing consists of flexible aluminum pipe between an inner and outer layer of plastic pipe (PEX pipe) with brass fittings. Marketed as a cheaper and easy-to-install alternative to copper piping, Kitec was sold between 1995 and 2007 for potable water, in-floor, and hot-water baseboard heating systems." This includes homes in Alberta. It turns out that this company is in the middle of a class action lawsuit in Canada and the US. http://www.kitecsettlement.com/I mention this mainly because I feel this should be considered a defect that should be disclosed by the Seller, but it just doesn't seem to be happening. This is an expensive fix! Alberta's listing contracts state that you must disclose in writing if there are any defects that would be expensive to fix. This is definitely an expensive fix, and it causes Buyer's to pay around $500 for a home inspection to find this out. In the meantime, the homeowner should have disclosed it at the time of the offer. Sadly, a Buyer may buy this home not knowing of the Kitec issue, maybe not wanting to have a home inspection done by a qualified home inspector or having an inexperienced home inspector. There are so many other issues that one should be made aware of when buying a home. Using qualified professionals can help save you thousands in the future.

Latest Blog Posts

Market Insider December 2017

Home improvementNovember marks a rise in sales...The November housing market was spurred by a rise in sales, particularly in the lower price ranges.Sales totaled 1,411 units in November, an increase

Read More

November 1 2017 CALGARY MLS REPORT

Comparison of Oct 2016 to Oct 2017 Market DataSome Points of Observation: • 0.6% increase in Price for Detached Homes • 1.4 % increase in Price for Attached Homes  •.

Read More

Market Insider November 2017

Status quo for Calgary's housing marketPrices remain similar to last year, but ease in OctoberOctober's housing market conditions closely echoed previous month's trends with easing sales, rising

Read More