Being Pressured to “Skip” the Inspection? It’s a Big Red Flag!
Getting a property inspection is a step not to skip when buying your first house, investment property, or forever home. With private inspections banned during COVID lockdown, many home buyers were forced to forego an independent building inspection in fear they would miss out.
But what is the true cost of skipping a fast building inspection carried out by a seasoned professional? It might be more than you bargained for.
Rushing a very important decision
A recent survey found that 55 per cent of people looking to purchase a home spent less than 60 minutes inspecting it. Buying sight unseen can be risky enough, but making a significantly large financial decision with limited information can get you in hot water. In fact, of those surveyed, almost 20 per cent of buyers missed the red flags present in and around the property as they simply rushed into the purchase due to being “impatient and concerned by rising prices.”
It is true that the sheer amount of competition within the real estate market now has forced prices up quicker than many expected. However, it is also catching out many buyers who barely have time to organise a pre-purchase building and pest inspection, as they struggle to find a building inspector available “today”. And those that do get the report are pressured to go ahead despite the warning signs because there are so many in line happy to sign on the dotted line in their place.
Hidden problems can lead to heartache
Typically, the most common concerns noted on building inspection reports are associated with construction quality, paintwork, gardens, fences and fittings. Whilst most buyers can get an overall feel for the home when they browse photos or do a walk through, there are many problems that are not as easy to pick up and can only be identified by a well-trained professional. Emotions can most certainly cloud judgment. Avoid the potential ongoing expenses and equip yourself with the information you deserve to know. A professional property inspector will give your intended purchase a thorough and fast building inspection so that you can go into the sale with the full picture.
Protect yourself – book a building inspector available today
Over 80 per cent of property buyers surveyed who subsequently found issues after they moved in were forced to outlay more money than they had intended to repair problems, and sadly, a third regretted their purchase altogether. Don’t become a statistic and don’t feel pressured to purchase a property without knowing all the facts. As a prospective buyer, you have a right to organise an inspection and make a decision based on the independent findings.