How to ensure you're protected by your building & pest inspection or strata report

What do unexploded bombs, red flags, lemons and dogs have in common?

 

Michael Ferrier joined us for a no-holds-barred talk about property inspections. What goes into them, what’s wrong with them and why you need them. He reveals some really important issues for property buyers:

 

• Circumstances when strata reports won’t be 100% accurate.
• The biggest warning sign to look for in a strata report.
• What’s better to buy: new or old?
• The biggest major issue in new apartments & who is obliged to fix defects.
• When it’s a good idea to get a building & pest inspection on a block of units
• Why he lobbied against compulsory building & pest inspections in contracts.
• The questions to ask before engaging a building inspector.
• The purpose of a building report and the best question to ask the inspector.
• The magic number of inspections a building inspector can do a day before the report suffers
• What “parking inspector” reports are and why they are dangerous.
• The circumstances under which buyers are covered by pre-purchase reports and when they aren’t

 

Don’t rely on a pre-inspection report until you listen to this episode!

 

Links

EYEON resources for buyers and sellers:

https://www.eyeon.com.au/resources/

 

https://www.eyeon.com.au/2018/03/26/commission-based-sales/

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