Pest and Building: When Do I Request One?
For some home buyers, purchasing a house is unfamiliar territory. There are many steps to consider and it can quickly become a stressful task.
Our experienced Conveyancing team make aim to prevent uncertainty and promote a stress-free experience when it comes to purchasing your property.
One of the most common questions we are asked is when to request a Pest and Building Report. Like many legal questions, there is generally no ‘one sizes fits all’ answer and each matter may require a different response.
For most matters, it is wiser to wait until you are granted pre-approved finance before requesting the Pest and Building Report. This is simply due to saving costs, as you do not want to request a report only to find out you are not approved, resulting in spending money on something you do not need.
It is also beneficial to ensure you have conducted a thorough inspection on the property before you consider buying it. We recommend checking all inclusions are in working order, including hot water, light fittings and stove tops/ovens. If you find any inclusion is not working, further negotiations of the price may be required with the Vendor before exchange of Contracts.
We are a professional and trusted Law Firm and are here to support you from start to finish, including liaising with Agents and the Banks, negotiating contractual terms and advising on subdivision and stamp duty.
If you are looking to buy or sell your property, contact our friendly team today by calling 02 6542 5566.