Savvy buyers and savvy sellers both try to protect their rights and make the most out of a property deal. The buyer does not want to pay too much for the property and seller does not want to sell at a very low price. Pre-sales inspections that are carried out by professional inspectors play a vital part in the settlement or non-settlement of any real estate deal. This mainly includes building and pest inspections and provides information regarding the condition of the building and/ or possible presence of pests and termites inside. Pre-sales inspections are highly recommended during the cooling off period.
Many real estate deals get cancelled during the cooling off period. This happens when the buyer orders a pre-sale inspection to be carried out for the property only to find out that there are some serious structural damages in the building or an aggravated pest problem that might require costly repairs. These are often hidden problems and, in many cases, even the seller is not aware of gravity of the situation. These discoveries are made only during the pre-sales inspection and may lead to a possible cancellation of the deal.
When buyers are making an investment in real estate or residential property, they are spending their hard-earned money and, in no circumstances, want to feel ripped off. Such is the reason for the necessity of a pre-sale inspection. When this is carried out by professional building and pest inspection companies, it makes it easier to disclose all possible issues related to the physical condition of the property.
The seller, who is obligated to disclose all necessary details prior to the signing of the contract, may not be able to religiously do so in cases of unknown problems. For example, pests, such as termites, are not easy to identify as these might be hidden in a number of areas and might be eating away the property. Having a building and pest inspection done for your property is important for the sellers because they do not want to lose a deal because of a problem that gets discovered during the pre-purchase inspection. Only by doing so can the seller be able to determine the real value of the property being sold.
There are a number of building and pest inspections companies that might be recommended by property managers to their clients who want to make an investment in property. The inspectors of these companies carefully examine all areas, such as building inspections, pest inspections and pool inspections to present their findings regarding the condition of the property. This helps the buyer in making the right decision during the pre-sale period and ensures there are no surprises later on.
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