Arnold
CibbuanoProperty Buying Tips - More Pest and Building Insp
May 31st 2006 00:12
This is some further information relating to the previous post about pest and building inspection advice...
Only in the ACT does the vendor pay the costs of a pest and property inspection report. In all other Australian states and territories it is the responsibility of the buyer to arrange and pay for a pest and property inspection. It is prudent to get a reliable property report which means that skimping and opting for the cheapest available is not always the best idea. Furthermore, using an inspector recommended by the vendor is not necessarily a good idea as they may be reporting in the interests of the vendor and may not necessary provide a fair or accurate report. The best idea is to find an inspector that has been recommended by a friend, business associate or solicitor. Make sure that you consult with the inspectors prior to their inspection. View a sample report to ensure all the information you require is available in their typical reports. Ask questions and clarify anything you are not sure about and address any specific issues you would like covered in their report.
A title search should be completed by a solicitor. This is important to validate that the vendor has the right to sell the property and exchange ownership. A title search can also be completed by a conveyancer. The title deeds of the property reveal who has the financial ownership of the property. This includes all individuals and mortgagee institutions. A title deed will also confirm any restrictions associated with the property, such as hertitage listings; easements and access rights through the property. The title deed should be thoroughly reviewed and all aspects understood. If you have questions or unsure about anything in the title deed, it is advisable to seek independent legal advice.
Some further resources for building inspections include;
The Australian Building Commission
Master Builders Association
Only in the ACT does the vendor pay the costs of a pest and property inspection report. In all other Australian states and territories it is the responsibility of the buyer to arrange and pay for a pest and property inspection. It is prudent to get a reliable property report which means that skimping and opting for the cheapest available is not always the best idea. Furthermore, using an inspector recommended by the vendor is not necessarily a good idea as they may be reporting in the interests of the vendor and may not necessary provide a fair or accurate report. The best idea is to find an inspector that has been recommended by a friend, business associate or solicitor. Make sure that you consult with the inspectors prior to their inspection. View a sample report to ensure all the information you require is available in their typical reports. Ask questions and clarify anything you are not sure about and address any specific issues you would like covered in their report.
A title search should be completed by a solicitor. This is important to validate that the vendor has the right to sell the property and exchange ownership. A title search can also be completed by a conveyancer. The title deeds of the property reveal who has the financial ownership of the property. This includes all individuals and mortgagee institutions. A title deed will also confirm any restrictions associated with the property, such as hertitage listings; easements and access rights through the property. The title deed should be thoroughly reviewed and all aspects understood. If you have questions or unsure about anything in the title deed, it is advisable to seek independent legal advice.
Some further resources for building inspections include;
The Australian Building Commission
Master Builders Association
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