Pre Auction
Report
It may seem like overkill to conduct a building and pest (termite) inspection on a property that you are yet to make an offer on, but it should be seen as non-negotiable.
The Benefits
A property vendor is under no legal obligation to disclose building faults. That means that if you do not conduct an independent building and pest inspection prior to success at auction, you are automatically accepting any undisclosed building faults.
Building Faults
Material faults in a building and pest inspection report are the ones that are cause for concern. It is important to note, however, that material faults are not necessarily deal-breakers. They can work in your favour to enable you to negotiate the price down. Some examples of material faults are:
• Termites
• Structural faults
• Electrical faults
• Rising damp
• Major water penetration
Non-material
Non-material faults in a building and pest inspection report are faults that are easily reparable, including:
• Broken tiles
• Leaky taps
• Loose doorknobs
• Hairline cracks
• Jarred windows
Buying property is generally the biggest financial decision a person will make in their lifetime. For that reason, it is essential to be sure the property really is what it appears to be. A building and pest inspection will provide you with an inspection report detailing the condition of the property – including things you can’t see. The report covers everything from minor cosmetic damage to major structural faults. Contact us today for a quote.