Property Vendors & Building Inspections

Why property vendors should consider getting a pre-purchase building inspection.

When purchasing a property, a buyer usually protects themselves by making the contract of sale subject to a successful or satisfactory building inspection. Buyers generally desire to ensure that the property they are purchasing is worth the price that is being asked. This can be a stressful period for the vendor, if a defect is actually found the buyer may demand additional assessments, sometimes a price reduction, or even back out of the offer entirely.

With this in mind, property vendors shold anticipate that there will be some inspection issues found during a buyers building inspection or pest inspection. If the inspection turns up issues, these can be leveraged by a buyer to negotiate a lower price or request that repair work be undertaken which can postpone the sale process of or even cause the deal to fall through. In this case, if the vendor already had a pre-purchase building or pest inspection carried out, they would be better prepared to handle such negotiations.

It is useful for property sellers to know the faults that may be present in their property.

Having a qualified inspector review your property before sale will likely uncover most of the same issues that will be of concern to buyers. A quality building inspection melbourne will provide the seller with a list of key features that are likely to come up during property negotiations.

Having had a building or pest inspection carried out, a vendor will also be made aware of a range of simple maintenance issues that can often be easily rectified and will improve a properties appearance and thus it's marketability. Such maintenance issues can include cleaning and removing leaves from gutters, ensuring proper drainage, replacing grouting in bathrooms, trimming trees and bushes which are touching or overhanging the house and many more.

Resolving simple maintenance issues and improving minor items such as loose doorknobs and damaged screen doors can significantly improve the buyers first impression of a property and can help toward increasing the eventual sale price of a property. These issues and more will be identified by a qualified building inspector performing a standard building or pest inspection.

A building or pest inspection will give the vendor a picture of the true condition of the property they are selling and will give a solid foundation on which to set a justified and reasonable asking price. The inspection report will also leave little room for surprises and re-negotiation during the sale process.


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