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  1. #1

    Default first home buying advice: building inspection...please asisst

    Hi All,

    I am planning to buy my first home; however the my budget only permits me a do up property. I was wondering how much does it cost to renovate a do-up property. If someone could suggest me a good builder who could check the property for structural issues and give me a quote on refurbishing the property; as I want to include that while putting an offer.

    Also, I have a pre-approval from my bank; does that mean that the approval is conditional and should S and P agreement include financial clause or SandP should not have a financial clause; just the building report and lim clause; the reason being listing agent advised me the lesser number of clauses mean more attractive offer.

    Thanks and Regards,
    noeone

  2. #2
    Join Date
    Jun 2004
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    10,314

    Default

    Your pre-approval from the bank tells you what you can afford.
    The bank will still want to access the actual deal so a finance clause is a good idea.

  3. #3

    Default

    Quote Originally Posted by Wayne View Post
    Your pre-approval from the bank tells you what you can afford.
    The bank will still want to access the actual deal so a finance clause is a good idea.

    thanks man..... also I had another question
    I submitted a s&P agreement few months back through an agent and the vendor rejected it basis my price offer; however now the property is on private sale; I approached the vendor and he seemed interested now....am I liable to the real estate agent or is it the vendor or no-one

  4. #4
    Join Date
    Sep 2011
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    Default

    Quote Originally Posted by noone View Post
    thanks man..... also I had another question
    I submitted a s&P agreement few months back through an agent and the vendor rejected it basis my price offer; however now the property is on private sale; I approached the vendor and he seemed interested now....am I liable to the real estate agent or is it the vendor or no-one
    the vendor is the one with the contract with the RE

  5. #5
    Join Date
    Jun 2004
    Posts
    10,314

    Default

    second jimO - that is for the vendor to worry about.

  6. #6

    Default

    thanks a lot....another questions on the LIM report it says
    CCC is issued
    New Dwelling Site under 450m2 : Status Environmental Monitoring

    Special Feature Code: LWD Low Flow Water Devices: The owner shall not place, erect construct or permit to remain any part of this land any residential building unless

    Although I would be putting this condition in S and P agreement; just wanted to check is it safe to sign the S and P agreement

  7. #7

    Default

    is there a video in this thread?

  8. #8
    Join Date
    Sep 2011
    Location
    Dunedin
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    Default

    Quote Originally Posted by mjoh160 View Post
    is there a video in this thread?
    yes can you not see it


 

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