Is it too risky putting in a offer without bnp

Its a brick house , im thinking of putting in an unconditional offer , would it be too risky without bnp ,the finance is no problem
Who else has brought ips with no bnp and had no problems
The house im looking at seems pretty solid

 

Dude, you crack me up

 

I dont make offers with b&p part of the conditions and get it done under cooling off.

What state is it in?

 

What state are you looking at?

In WA, B&P is standard. I have not bought with a B&P condition in VIC though.

Is there a cooling off period? You could always put in your offer then, if accepted, organise the B&P during the cooling off period.

If you are not experienced at inspecting houses I would recommend a B&P.

 

Agree with DaveM

 

Unless u are willing to take risk, n bargain a discount

 

Could be fine or could cost you a packet.

If you know what to look for you can inspect yourself otherwise its a gamble realy.

 

So what if the vendor des not allow access? If it is not a condition of the contract there is no obligation to allow an inspection. And if you exit under cooling off, there is a financial penalty.
Marg

 

No financial penalty in sa to cool off. Never had a vendor refuse as you just cool off if they want to play games

 

After reading B&P report I decided to get a plumber in the check gas safety. Turns out the sewer pipes were not compliant to council codes. $4000+ quote to rectify and hence $6k was negotiated off the price.

Inspected the pipes at pre-settlement a few weeks back and I could verify the issues. Some quite long runs of pipe with no fall. Other issues like not being vented properly.

 

do it dude, if your not living life on the edge you will never get to enjoy the view

 

1. I sign a contract
2. During cooling off period I ask for access to conduct a B&P
3. Vendor refuses access
4. I exercise my cooling off rights during the cooling off period

IMO there is only one reason a vendor would not allow a B&P

 

So you lose part of your deposit?
Marg

 

Makes sense in SA.
Different in Qld.
Marg

 

Depends on the state. In some states there is no penalty for cooling off.

I mainly buy in WA. B&P is a standard condition and there is no cooling off, so you can have it done as a condition of contract or hope for the best.

 

How were previous bnp reports @Drunkanbarbarian ? Do you see them as useful?

 

I purchased my last house @ Auction with no B&P, old post war. I got underneath it, checked floor boards, entry points, got up in the roof & shined torch. Hardwood all in good condition.
It was recently levelled....

 

Why put in an offer at all?

 

Do it! Tell us how you go after you exchange unconditionally aka 66W

 

My first property was a townhouse in Brisbane. Market was really hot and I checked the Body Corp records and decided to waive that. I got it despite not offering the highest price.
Second was house, brick and very solid. Got B&P but after moved in we realised that 2 of the beams in pergola were rotted. On hindsight hubby and mate could have picked that up if I give them the responsibly.