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Hi, this maybe an obvious questions to some but would you do a building inspection prior to an auction or after? Also did anyone acquired a property through realisation sale? Your feedback would be greatly appreciated. cheers[
]hi nooneoo
you must do them before the auction, once you buy at auction there is no “out” clause, (ie cooling off period or conditions such as subject to building report). this is where auctions can get expensive if you pay for a reports but don’t buy. where as with a purchase you can sign subject to … then if the report is negative negotiate a lower price or pull out of the purchase.
regards westan
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Viewing 2 posts - 1 through 2 (of 2 total)
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