Could you please tell me when buying a property, do you always have to have a building inspector come out to run a report on the property? OR, is there a building inspection summary presented with the contract of sale when making the purchase from the vendor?
Secondly, if you need to organise a building inspection do you do it before the auction/or before you buy? or just afterwards?
Thankyou for your feedback!
Hi Ivana, great name [
],
Building inspection reports are usually obtained by the intending purchaser for their own peace of mind. It is not required to be included in the contract, in Vic anyway. However….
If the proposed property has been extended /renovated within the last 6 years by owner builders, then a building report should be included in the contract as part of the required insurance cover. This is what was required of us when we sold our last place, we’re in Vic.
You MUST have the building inspection done before you buy, that is before you sign binding contracts. However,…. You can sign contracts subject to satisfactory building inspections. This CANNOT be done when signing a contract after an auction. Definitely get inspections done before an auction.
Hope this helps, and makes sense,
Sue []“Be careful not to step on the flowers when you’re reaching for the stars”
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