Building Inspection - What would you do

Discussion in 'The Buying & Selling Process' started by Big Will, 26th Jul, 2016.

Join Australia's most dynamic and respected property investment community
Tags:
?

I would

  1. Proceed at contract price

  2. Ask for a reduction of 0-25k (meet the owner 1/2)

  3. Ask for a reduction of 50k (cost)

  4. Ask for a reduction of 50k-75k (cost + other costs)

  5. Ask for a reduction of 75k+ (please comment why and how much)

  6. Walk away

  7. RUN away!

Results are only viewable after voting.
Page 3 of 3
  1. wylie

    wylie Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    14,006
    Location:
    Brisbane
    Anybody could tell the agent anything, but what an agent is told by the vendor is a different thing altogether, and that becomes something that the agent should be upfront about with potential purchasers.
     
    wylie, 31st Jul, 2017
    #41
  2. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,856
    Location:
    My World
    ME:) hehe

    But I did make a killing, but I must also be honest I did not sleep at night for about 12 months. We had several opinions, from architects, builders and structural engineers, with various options, we took the cheaper option

    Was it worth it?? I can say Yes now.

    Always go with your gut I guess.
     
    MTR, 31st Jul, 2017
    #42
  3. Antoni0

    Antoni0 Well-Known Member

    Joined:
    6th Jul, 2017
    Posts:
    1,822
    Location:
    Birisbane
    Do you still own it or you flipped it ?
     
    Antoni0, 31st Jul, 2017
    #43
  4. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,856
    Location:
    My World
    it was a primary residence, we sold it and upgraded same suburb
     
    MTR, 31st Jul, 2017
    #44
  5. Antoni0

    Antoni0 Well-Known Member

    Joined:
    6th Jul, 2017
    Posts:
    1,822
    Location:
    Birisbane
    Good on you but someone else may have ended up with the problems though.

    The house I'm in now is about 40 years old double brick, we had it underpinned in one corner about 15 years ago, it's on a clay base and it moves depending on how dry or moist the clay is. Just recently I've notice the opposite diagonal corner is starting to drop and the rendering on the inside wall has popped off.
     
    Antoni0, 31st Jul, 2017
    #45
  6. bunkai

    bunkai Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    859
    Location:
    Sydney
    Agree although I don't think this was the scenario here.
     
    bunkai, 31st Jul, 2017
    #46
Page 3 of 3