If you are looking to buy a new home, then getting a pre-purchase inspection is one of the key parts of the process before your sale goes unconditional. Usually, the inspection confirms that the property is in good condition or highlights some minor issues, but sometimes you’ll get a bad pre-purchase report that discovers larger problems.
Four things you can do if you get a bad pre-purchase report
Negotiate with the vendor to get things done
You can decide you want to negotiate with the vendor to get the issues fixed before you go unconditional. The vendor may decide that the cost is worth bearing to make the sale.
Negotiate with the vendor to reduce the sale price
If you’d rather do the repairs yourself, then you could try negotiating a lower sale price. This will offset the money you’ll need to spend on repairs. Make sure you calculate carefully so you don’t leave yourself short.
If you feel the defects are beyond repair or the cost will be prohibitive, then you can call them dealbreakers walk away from the sale. Be aware that if you pull out the vendor has the right to see a copy of your building report.
You might decide that the problems don’t put your off or that you can afford repairs on your own. In this case, you might decide to go ahead with the sale despite a bad pre-purchase report.
Preparing to buy? InnoHome offer you a thorough independent report
A pre-purchase inspection is part of the standard sale and purchase agreement and is usually completed by an inspector of your choice. The inspection covers both the property’s interior and exterior and includes moisture testing to look for hidden leaks and damp issues.
InnoHome offers prompt and thorough property inspections across Auckland. Kevin is an experienced and registered inspector who will create a detailed report for you covering all aspects of the property. This written report will help you decide whether the property is right for you.