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What to do if there's issues with your building inspection

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Manage episode 471876390 series 2761646
Content provided by Amy Lunardi. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Amy Lunardi or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode, I share my insights on what to do if you encounter issues during a building inspection. As a buyer's agent with over a decade of experience, I’ve navigated thousands of building inspections for my clients—witnessing a wide range of issues from minor defects to major deal breakers.

Why Get a Building Inspection?

  • Understanding the property's condition.
  • Identifying red flags—urgent repairs vs. long-term costs.
  • Building inspections as maintenance plans.

Timing of Inspections

  • Recommended timing based on auction vs. private sale.
  • Importance of getting the inspection done early.

Pre-Offer vs. Subject to Inspection

  • Pros and cons of obtaining an inspection before making an offer.
  • Strengthening your offer with a pre-inspection.

What to Do If Issues are Found?

  • Identifying deal breakers and understanding report classifications.
  • Importance of communication with building inspectors for clarity.
  • Possible next steps: renegotiation, involving specialists, and managing expectations with the vendor.

Negotiation Strategies

  • Use of inspection findings to negotiate repairs before settlement.
  • Proper documentation is crucial.
  • Risks involved with relying on verbal agreements.

Extensions and Important Considerations

  • Requesting extensions to building inspection clauses when necessary.
  • Legal implications and regional differences in building inspection clauses.

LINKS:

Check out my FREE checklist 100 Things To Look Out For At Property Inspections here

Connect with Amy:

Website: www.thefirsthomeguidebook.com.au

Instagram: @the.first.home.guidebook

  continue reading

41 episodes

Artwork
iconShare
 
Manage episode 471876390 series 2761646
Content provided by Amy Lunardi. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Amy Lunardi or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode, I share my insights on what to do if you encounter issues during a building inspection. As a buyer's agent with over a decade of experience, I’ve navigated thousands of building inspections for my clients—witnessing a wide range of issues from minor defects to major deal breakers.

Why Get a Building Inspection?

  • Understanding the property's condition.
  • Identifying red flags—urgent repairs vs. long-term costs.
  • Building inspections as maintenance plans.

Timing of Inspections

  • Recommended timing based on auction vs. private sale.
  • Importance of getting the inspection done early.

Pre-Offer vs. Subject to Inspection

  • Pros and cons of obtaining an inspection before making an offer.
  • Strengthening your offer with a pre-inspection.

What to Do If Issues are Found?

  • Identifying deal breakers and understanding report classifications.
  • Importance of communication with building inspectors for clarity.
  • Possible next steps: renegotiation, involving specialists, and managing expectations with the vendor.

Negotiation Strategies

  • Use of inspection findings to negotiate repairs before settlement.
  • Proper documentation is crucial.
  • Risks involved with relying on verbal agreements.

Extensions and Important Considerations

  • Requesting extensions to building inspection clauses when necessary.
  • Legal implications and regional differences in building inspection clauses.

LINKS:

Check out my FREE checklist 100 Things To Look Out For At Property Inspections here

Connect with Amy:

Website: www.thefirsthomeguidebook.com.au

Instagram: @the.first.home.guidebook

  continue reading

41 episodes

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