Water leak next to shower in the ensuite bathroom

Hi All,

I have shortlisted a property I am looking for investment.

I had an inspection and the agent told me there is a leak near the shower area behind the tiles. The agent told us we can add a clause to fix the leak in the offer letter. The current owner is following up with building insurance to get it fixed.

Should I just put that in the offer letter and proceed with the offer? It's only a 6-year-old house.
I am thinking there may be a lot more damage behind the walls than I can see from outside and may affect me in the long run.

 

Hi Montu,

Last time i bought and had a leak in shower the seller refused to fix, and i bought anyway. The issue was a simple fix as it was the taps leaking inside the wall, fixed with minimum of fuss. The plumber said that this was very common, which is also our experience and why we didn't stress too much.

Up to you, but a quick look at the taps might be worth it

 

I have today been told by the listing agent the water leak is a issue which insurance company has to fix. The agent is telling me the property can be sold, its just settlement will get delays as I can put it in the contract "this contract is subject to the water leakage problem in the bathroom being fixed prior to settlement"

Do you think it is safe to give a offer to the seller?

 

Whose insurer? The vendor's? Strata? Builder's? Yours?

 

Seller is following up with his building insurance company.

 

My understanding is that their building insurance would (if covered under PDS) fix the water damage but not the leak itself - the seller would have to fix the leak before insurance carries out internal repairs.