The real estate market is a bustling and competitive market filled with sellers who are going through the extremes to have their properties sold. However, the truth is that even prospective buyers are competing as well. This statement especially holds true in the local market where there are only a few good options. Once your loan gets approved, you’re immediately thrown into a race against time and all the other buyers who are also looking for the ideal home. However, despite the pressure, it still isn’t enough reason for you to ignore getting building inspections Victoria.
All of the pressure of landing a great-looking and liveable home will get into your mind, and before you know it, you’re already making hasty decisions that you’re going to regret. For example, for fear of losing the house to another prospective buyer, you forgo and overlook your right to commission building inspections, which, to the delight of the seller, is what will come back to haunt you. So what are the risks of not getting a building inspection on the house you’re about to purchase?
You Won’t Get A Heads-up On Safety & Structural Issues
The main reason why building inspections are necessary is to know about the actual state of the house. Keep in mind that sellers have one goal, which is to sell their home. Like you, they’re also desperate that they’ll go the extreme, which is advertise only the good stuff about the property and not disclose any potential flaws or danger that it entails. As a buyer, you should be aware of this and be responsible by getting a building inspections Victoria to determine the flaws on your own. That way, you’ll be informed about the various safety issues that the house may have. In turn, you can either turn down the house, renegotiate, or continue with your purchase.
You’ll Lose Leverage During Negotiations
Speaking of negotiations, you also need to keep in mind that the seller will always try to negotiate a deal with will favour them than you. Purchasing a home is a considerable investment, which is why you need to get the most out of it. That means landing agreements that fair for both sides and will get you the most value for your money. By investing a small amount for building inspections, you can potentially determine the actual situation of the house and use that to renegotiate with the seller. With evidence in your hands via the building inspections report, you have the key towards getting a better deal.
Be a smart buyer; don’t fall for the pressure of buying a house right away. Always consider building inspections Victoria and save yourself from potential problems that the house might have. Visit our website now to hire a local building inspector.