When buying real estate, nothing convinces the potential buyers that they are offering too much for a property, then to learn the building is infested with pests or has a structural flaw. All too many deals get cancelled during the cooling off period because the buyer orders a pre-purchase pest and building inspection and learns of a previously unknown problem that will be expensive to remediate. These discoveries are not necessarily something being concealed by the seller – often the seller never knew the conditions existed. But when these problems come to light, for example, when a buyer orders an inspection from the Brisbane building inspectors, the result is often a cancelled deal or renegotiation. Savvy buyers and even savvier sellers use Brisbane building inspections to protect their investments.
Is it the seller’s responsibility to disclose property flaws?
Although in all sales transaction, full disclosure is the goal, states do not place a duty on sellers to discover latent problems with their properties. Often sellers are blissfully unaware of major pest problems, particularly termites and wood-destroying pests that are eating away at their property. As a purchaser, if you are about to invest a significant amount of money in a property, let a professional open your eyes to what you are buying. During the pre-purchase phase of inspection, a pest control expert can detect the presence of wood-destroying insects and a building inspector can provide you with the details of the structural integrity of the premises – all during the cooling off period. Likewise, a full inspection is a wise investment before a property auction, and before you plunk down you hard-earned money. The cost of the inspection is minimal compared to the cost of the surprise you may find down the road.
Why you should invest in a pre-sale Pest and Building Inspection?
When you’ve found a buyer who wants the property and is willing to meet your price, you do not want to lose the deal because of a problem discovered during a pre-purchase pest and building inspection. Head off the headache. A professional inspector can uncover problems and give you the opportunity to correct them before buyers even set foot on the property. How better to get your price than to show a potential purchaser that you have had the premises inspected and corrected all of the problems? How better to avoid expensive delays or cancellations and stay a step ahead of your purchasers? A pre-sale building inspection will pay for itself many times over.
When buying or selling a property, the wise investor will do a pre-purchase or pre-sale pest and building inspection from a Brisbane building inspector. It is money well spent!