Just remember we got this, together we can overcome anything, even a nasty flu plague
Just remember we got this, together we can overcome anything, even a nasty flu...
The vendor ie. the seller of the property is required by law to make a declaration with all necessary information that all consumers should be aware of when considering purchasing the vendors property. This should be available from the vendors real estate agent when requested. You should use your legal advisors to make sure everything is in order.
It should contain
This list of hints is by no means exhaustive, you should always arrange a professional pest and building inspection before you purchase.
If you feel you do not have the practical and technical knowledge required to perform an inspection yourself, get it done professionally. An inspection costs little in comparison to what you could actually save.
Professional inspectors will examine every accessible part of the home, including the roof space and sub-floor. They will check for poor structure, leaking roofing and guttering, subsiding footings, faulty wiring and plumbing, dampness, rot and many other faults. Comprehensive inspections will take 2 to 4 hours.
Following the inspection you will be given a report that will inform you of any property defects and faults. It will gauge the severity of these faults and a guide to the costs of repairing them. Inspectors can advise you on any home improvement ideas you may have also.
With this information you can decide to buy and will be able to negotiate more effectively.
Hint:- Be present at the inspection so that you can visualise the faults personally and discuss any concerns you have with the inspector. Remember you have paid for the report the inspector should not give this information to anyone else or tell the agent of their findings. This report may become a negotiating tool for you and the agent is working for the vendor not you.
Just remember we got this, together we can overcome anything, even a nasty flu...
Borrowing with a buffer may be the only risk minimisation action you can put in place. Essentially, this means that if all goes wrong, make sure you...