Wrong information about house

Hi guys,

I have signed up the contract for a house with usual condition (finance, building &pest).

The real estate agents advertised this house as 2 years old but while I was doing the building inspection, I realised that it is actually a bit over 3 years old - I checked the completion letter from builder's company.

2 years old house sounds much more appearing to people and it is almost like a brand new. On the other hand, 3 years old does not.

The price that I have put definately reflected the 2 years young factor. What can I do in this case?

Definately the agent gave me wrong information and got the contract signed up.

Is there anything I can ask? also I will have less warranties left..

Thanks for reading and your feedback would greatly be appreciated.

 

What documents did you receive which show that it was older than the agent was telling you? Is that on their advert? How long has the agent had the property? Did it just roll over to 3 yrs old? What is the remedy that you are seeking?

 

How much more did you pay because you thought it was two years old compared to what you would have been prepared to pay it you had realised it was three years old?

 

- "Inspection certificate of practical completion" issued from the building company with both the owner's sigature & the supervisor's signaure on it.

- Actually it has been over 3 years when I viewed the property 1st time..but the agent told me its only 2 years. Until this morning, I believed it but found out the document above which says its over 3 years.

- That is what im asking here. I paid for 2 years old house not for 3 years old.

 

Paid 825k for "2 years old house".. so it turned out 3 years old then maybe this should be adjusted? But then how much should be adjusted? Can it really be adjusted?

 

Then you knew it was at least 3 years old?

 

Do you have the building documents/contract that previous owner signed? this is important as its 7 years structural guarantee, dependent on State? If you had this you would have known who built it and when it was built etc etc etc.

 

It is up to the purchaser to check - or get their lawyer to check - details like this.

I don’t think an extra year will make any material difference at all to cost if the house is in good condition especially if it is a house rather than a flat.

 

Yes. I just found out today during the building inspection - This is how I found out this is over 3 years house not 2 years.

 

Today I had a building inspection and just found out the document - saying this is over 3 years old house not 2 years old.

 

I found this document named "Inspection certificate of practical completion" issued from the building company with both the owner's sigature & the supervisor's signaure on it.

This is how I found this house is 3 years old (or over) not 2 years.. Until this moring, I believed and I was told this is only 2 years old.

 

So you haven’t actually purchased the house?
I guess you could 'cool off or maybe withdraw or change your offer to a level you feel reflects its reduced value in your eyes...

 

I think your splitting hairs, 1 year, 5, 40, whatever, if it is suitable and price is right, what is the problem ?

Should houses now be listed in months from completion? what about weeks, or days, then why not hours ? See how this gets ridiculous. And how do you start counting, what if construction was over 2 years and no one lived there for first year ?

 

And then there is the part of relying on your own inquiry, before going to contract, right ?

 

It all comes down to the agent accepts no responsibility for the accuracy of the information provided to them by the vendor. If the agent didn't have the building certificate, they can't be held to task over the information.

 

I wouldn’t sweat it. It’s going to make no difference to the value.

 

perhaps it is 2.5 years old and the agent rounded it down rather than up.

 

Ok. so just letting agent saying whatever they want to say without confirming?
Are they legally approved to convey false information?

 

Your going to suffer a heart attack in this business if thats your attitude.