I found a bargain of a house, should I get it inspected?
Mosr definitely. The saying goes, “if its too good to be true, it normally is”. However, in a cooling market, as unortunate as it is, people are defaulting on their loans which means banks are taking back houses that home owners were unable to fund. Why does this matter? Well, when this occurs, banks generally want to sell the property as soon as possible to reduce their own losses, and this means bargains are around. A building inspection is always required to ensure it is an actual bargain and not a lemon.
Do I need both a building inspection and Pest Inspection if I do find a bargain?
Again, Yes! Also for the same reasons. Some unscrupilous sellers might want to get rid of their home fast and cheap because it has serious issues like termite damage. There is simply no other way to assess the true value of a house until a reliable independent building inspector assesses the property for structural and pest damage.
Can I negotiate the price of the house after a building inspection?
In short, sometimes. This totally depends on the level of the damage or problems detected. Large defects are much easier to negotiate, while small defects are unlikely to yield any results. In any case, it simply makes sense to hire a reliable building inspector who specialises in detailed building reports to negotiate the house price.