What Happens When Your Pest and Building Report Is Not Perfect?

So you’ve found your dream home, and gone through the process to secure it. Congratulations! But what happens if along the way you find out that the pest and building report is not great?

If you are wondering what you should do if you do have a pest and building report that is making you nervous, this video will outline what you should know and what you should you do.

If you are looking for a property to buy, request to be added to our open home alert 

YES, ADD ME TO YOUR OPEN HOME ALERT

What is the purpose of a Pest and Building Report?

A pest and building inspection and report is carried out to make sure that the house is structurally sound, and that there are no active termites. Pest and building inspectors have to point out absolutely everything that could be wrong with the home, or possibly wrong with the home. A lot of the time the homes could be older, so they may not meet the Building Code of Australia now, as the codes have been updated since the property was built. For example, the balcony levels might be a little bit lower. These are things that you will find in every home. There will always be a myriad of things that aren’t right about an older home.

What if the report shows something structurally wrong or termites?

Occasionally there will be something structurally wrong with a property or there are live termites. Your first instinct could be the throw your hands in the air and walk away from the purchase. You don’t have to lose out on your dream property. There are options for you to consider.

What can be done if I have an issue with my pest and building report?

Look at how you can work your way through the problem. The issues are going to be with the home forever and they are generally not something that has just happened, and my not be rectified easily. The agent will be trying to make sure that you feel comfortable as a purchaser to still proceed.

Look at getting some quotes on what works to be done, to understand the costs associated with the concerns. You could then look to negotiate through that issue.

Your agent should be there to try and help you through that negotiation process. The owners will have the same issue with the next buyer, so they should be looking to assist in any way they can. The goal would be come to an agreement with the owners on an adjustment in the already agreed sale price. 

Just remember that all is not lost if you do experience a hiccup in your pest and building report. Aim to work towards achieving a resolution for all parties involved.

If you are looking for a property to buy, request to be added to our open home alert 

YES, ADD ME TO YOUR OPEN HOME ALERT

For more information, contact Joanne Danckwardt of One Agency JD Property Agents on 0426 264 771.

 

Leave a Reply

Your email address will not be published. Required fields are marked *