Pre Purchase Building Inspections

Why Are Pre Purchase Building Inspections So Important?

Any potential home buyer considering purchasing a new home might be keen to get the sale underway, but with more and more people finding out too late that there were issues with their new homes after the sale; some have found themselves out of pocket by tens of thousands of dollars. Although some property inspections are an obligation within Australia, others are optional and often fall down to the buyers. Pre purchase building inspections just so happen to be one of them.

What are these types of inspections?

In a nutshell they differ to 137b reports and stage inspections in the sense that they are intended to provide an extensive evaluation of a property before the sale of the home is underway. They are ideally suited to buyers that would like the peace of mind that the property that they may purchase is safe and secure; but they can also be invested in by sellers that are keen to maximise their potential for a quick sale by offering reassurance to any interested bidders.

What do building inspection reports involve?

Generally speaking, these inspections can be as extensive or as minimalistic as the person hiring the expert requires. It does however make much more sense to hire a building inspector that will carry out more extensive checks; even if the expense is a little higher – simply to avoid any problems and stand a much higher chance of identifying issues and potential causes for concern.

A building inspection can help by allowing a professional and licensed expert to evaluate a variety of factors within a home, including its structure, the functionality of drainage and water systems, its insulation and other important elements such as the pest and termite condition. Furthermore, an inspector will work on behalf of the buyer as opposed to an agency or the seller – allowing them to approach their role in an unbiased manner; albeit one that will aspire to help the individual purchasing the property.

At the end of an inspection a report will be generated to provide further details to the buyer relating to the condition of the range of features and facilities that were evaluated during the inspection.

Are these building inspection checks hugely important?

Although in some cases they can be deemed an unnecessary expense; in more than a few instances these types of checks have helped to identify key issues within buildings – allowing the potential buyer to make a much more effective decision relating to whether or not they buy the property. In extreme cases inspectors have found problems that could potentially be dangerous, whilst in others they have identified pest infestations, land encroachments and much more in between; making the knowledge and expertise that they bring to the table as invaluable as it is recommended.

How bidding agents could save you money in the Sydney real estate market

Why is Sydney on such a hot run in 2017?

As prices keep rising in this harbour city the amenities in the area are well worth a mention, with dozens of cinemas, shopping malls, entertainment complexes and much more to enjoy.

The education in Sydney is one of the most highly rated in Australia, with dozens of public schools and half as many private alternatives. Buying a home and moving to the region this year is recommended by real estate experts in and around the country due to the fluctuating nature of the property market – with homes purchased now being expected to drop in price by 2020, but then increase again for the next 8 years (according to research).

Competitive Auctions.

With so much competition in the market, buying at auction can be very competitive. In this kind of environment it is easy to overpay on the day of the auction, hence the reason to consider using a buyers agent.

Sydney Lifestyle

With a comfortable lifestyle, a friendly atmosphere and plenty to see and do, living in Sydney is a dream that only a handful of people get to achieve each year, but making the moves to make that dream a reality right now could have you enjoying the stunning region in next to no time.

Cohen Handler Buyers Agents 2017

When buying a new home there are so many things that need to be considered – such as personal specifications, your budget and also the legal processes which is involved, and the list seems almost endless. But because there is a lot more than meets the eye when purchasing property, some  homeowners or investors look for the help of a buyers’ advocate agency to take care of all of the complicated work. A buyer’s agent works for the interests of the purchaser unlike a selling agency which looks out for the seller – to source the right types of property for their client.

While many home hunters believe that advocates will take the side of the property owner in order to push for the sale of the property in question the truth is that, as you are the one retaining the agent, they will only work with your personal specifications in mind.

Can bidding agents (known as buyers agents) save you money at an auction

bidding agents Sydney

Can a Buyer’s Agent Save You Money on Your Purchase?

In the simplest terms, a buyer’s agent is often tasked with representing their client as they undergo the process of buying a house. Unlike a real estate agent that will typically act on the behalf of the seller; a buying agent will offer similar services to their clients – albeit on the other side of the fence. Most of these experts will specialise in several services; including the ability to find suitable homes for their client, the potential to negotiate fairer costs and other similar solutions.

Can a buyer’s agent save you money on your purchase?

In a nutshell, the answer to the above question would have to be yes. A buyer’s agent can be considered the middle-person when dealing with the purchase of a property. Not only can they save money for their client, they will usually also be able to help with minimising the stress that’s often associated with buying a new house.

They do this by taking care of the technicalities; from finding suitable homes by getting to know what the buyer wants and expects, to corresponding with other agents (as well as the seller) in an effort to find the ideal solution for their client. When it comes to saving money, most buying agents will pay special attention to dealing with the seller of the home – or their representation.

In these cases the agent will usually be able to negotiate fairer prices than those requested by the seller, before reporting back to the buyer and allowing them to make the final decision.

How much money can these experts help to save?

This will depend on the value of the home and the amount that the seller is willing to drop down from their initial asking price. In some cases large deductions can be achieved, with tens of thousands of dollars being knocked off of the price. In others, smaller percentages can be taken advantage of – but considering that many buyers can enjoy savings of between $5,000 and $25,000 AUD, it is understandable why so many people are considering taking on the services of buying agencies.

The difference that these experts can make to the purchase of a home can be very substantial, so much so that they are rapidly becoming the first ports of call for new house buyers wanting to minimise their stress, their expenses and their effort. With a buyer’s agent on board, the potential to enjoy a cheaper purchase can be very prominent and some even work alongside mortgage brokers to offer a wider range of services to first time house buyers, as well as those hoping to purchase properties for investment purposes.