Buyer

What should I look for in my final inspection?

You should always conduct a final inspection of your newly bought property before settlement. It’s always worth doing a little closer to settlement, but try not to do it the day before or on the morning just in case there are things that need to be done. I would normally recommend two to four days prior would be suitable.

It’s important that you view the property to ensure that the property hasn’t been altered from when you purchased it to the settlement. You need to make sure all fittings and fixtures are still there and the current owner hasn’t taken anything away that they weren’t supposed too and you also need to keep your eye open for any damages that may present themselves that weren’t there in the beginning.

When purchasing, try to make note of everything around, even take your phone out and do a comprehensive video of what you’re purchasing. Most people are so busy in the excitement of the purchase, that they don’t think forward enough. Nine times out of ten, settlements run through smoothly and the properties are given they way they were bought. Though sometimes it’s hard to argue different points without evidence and there are people out there who aren’t as honest as some. So always make sure at the point of purchase that you have taken photos and videos for piece of mind.

As long as you’re satisfied that the property is being offered to you the same way you purchased, then you should feel comfortable to move forward with settlement. By conducting the final inspection a few days earlier to settlement, you can remedy any problems that might occur prior to settlement and not have to worry about any extensions. In a lot of cases, minor problems arise, such as damage whilst moving or uncontrollable events like a leak or mother nature, if you pick them up early, you will leave ample time for the current owner to get the place ready for you.

 

DISCLAIMER

The following advice is of a general nature and intended as an opinion and broad guide. For all legal, financial or real estate advice you should obtain independent professional advice to do with the specific nature of your circumstances before making any legal, financial or real estate decisions.

Leave a Reply