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
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