Hi all
We've got our first house under offer subject to a building inspection in the New Year. Very exciting!
We are now thinking about the building inspection and what is done with any issues that are identified.
Does the purchaser usually present these back to the vendor (through the agent) and the parties seek to get an agreement on what done?
I'm sure this has happened many times but it is new to us. Can someone share their experience (I.e how you went about either reducing the purchase price to take into account the findings or where the vendor remedied issues before settlement)?
Thanks in advance
Nec
We've got our first house under offer subject to a building inspection in the New Year. Very exciting!
We are now thinking about the building inspection and what is done with any issues that are identified.
Does the purchaser usually present these back to the vendor (through the agent) and the parties seek to get an agreement on what done?
I'm sure this has happened many times but it is new to us. Can someone share their experience (I.e how you went about either reducing the purchase price to take into account the findings or where the vendor remedied issues before settlement)?
Thanks in advance
Nec
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