11 Dec

Benefits of a Pre-Sale (Vendor) Building Report

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Selling your house can be an emotional experience. Those ‘four walls’ have housed a lot of memories and you have an investment in the property that goes well beyond monetary value.

The process of selling is therefore a big exercise. Apart from the rather daunting number of decisions you now face – how much, who with, how to – you need to step back and look at your home objectively. It helps to remain detached throughout the selling process. Easier said than done! With your inner sanctum now open to public view, it can be confronting when the response is not as gratifying as you expect. And when a potential buyer arranges a pre-purchase inspection, sometimes there are surprises you didn’t see coming.

To help you stay on the front foot and avoid being caught unawares, it can be wise to arrange your own professional inspection of the house prior to listing - what can be referred to as a “Vendor Report”. That way, you can find out any issues that require attention before you go out to the market. You then have the opportunity to address problems early so you don’t hold up a potential sale. You are also in a stronger position to negotiate the price as you are now fully aware of the condition of your home and can be upfront about any issues. Some situations too may not be as alarming as first thought. You may be aware of cracking, for example, and are unsure about how serious it might be. An inspection may determine that the cracking is only of a minor nature and you can then advise your potential purchasers with confidence. Resi Inspect has a Vendor Report Program to assist vendors through the inspection process. We know the dilemmas and costs you are facing, so we have specifically designed a program to help ease the way.

So What Does A Vendor Report Involve?

A comprehensive inspection will give an assessment of the structural elements both inside and out, as well as the general condition of the property. The inspector will alert you to any areas that need attention and can offer you advice or recommendations as to how these might be tackled. You may want to rectify the issues prior to sale, or instead alert the purchaser and negotiate the price accordingly. Make sure the property inspector you choose is a qualified building inspector with on-the-job experience in the industry. A building inspector has the know-how and the experience to assess a situation and determine whether it is serious or not. They can look beyond the cosmetic, and focus on the structural and maintenance aspects of the building. And most importantly, they will take the emotion out of the equation! They can look at your house with an objective eye and give you a factual assessment so you know where you stand.

Resi Inspect Vendor Report Program

With Resi Inspect Vendor Report Program, we work with vendors to prepare the initial inspection report and then make this available to prospective purchasers on request. In this way, buyers can be reassured in advance about the condition of your property and if there are any issues, these can be clarified by our Inspectors and put into context.

Inspections

We will then arrange a time for our Inspector to meet you at your property and carry out the inspection. Once the Inspector has completed his assessment, he will go through the report with you so he can explain things in more detail and answer any of your questions. Remember that our Inspector is working for you and can help you through the process. From that point on, your real estate agent will be able to promote the report to prospective purchasers and interested parties can contact Resi Inspect to source a copy.

So What Does The Inspection Cover?

Some of the essential items covered by a pre-sale vendor inspection include:

Site Elements

These are the elements in the immediate vicinity of the house, e.g. fences, surface drainage, retaining walls, driveways, garage, carport, shed, surrounding trees.

House Exterior Elements

The Inspector will pay particular attention here to any signs of movement and cracking on the house exterior. Elements would include roof, gutters, flashings, valleys, eaves, downpipes, brickwork, weatherboards, paintwork, weepholes and vents, sills, balcony/veranda.

Underfloor Space

Often there is restricted access to the underfloor space, due to height limitations and services such as ducted heating. The Inspector is looking particularly at the condition of the subfloor structure, footings, stumps, piers, ant caps, the level of ventilation, any obvious dampness, and rubbish that might be inviting termites.

Internal Structural Elements

The interior inspection is extensive and covers ceilings, doors, walls, windows, skirting boards, architraves, fireplace, staircases, and tiling in each of the rooms.

Wet Areas

Water leaks can cause all manner of problems so careful scrutiny of seals and fittings is essential. Specific focus is given to elements in the kitchen, bathrooms, toilets and laundry.

Benefits of a Pre-Sale (Vendor) Building Report

  • Allows you to rectify any major issues (if any) prior to other inspections or reports which may be arranged on the property. This allows you to maximize your sale price potential.
  • No last minute reductions on the buyer’s offer
  • Saves you time arranging access for various companies inspecting your property during the pre-auction or pre-sale period
  • Increased clearance rates at auction as prospective buyers know more about the property and feel safe to proceed

You can be confident you know the condition of your property, and there are no surprises that can upset the sale negotiations. We are able to liaise with your solicitor, real estate agent and the buyer on your behalf to assist in a hassle free sale.

Read 7171 times Last modified on Saturday, 21 June 2014 13:37
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About Jeffrey

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    Resi Inspect founder Jeffrey Halpin has been a quality licensed builder for over 30 years. 

    Over 10 years ago, Jeffrey  felt it was wrong for builders to provide reports as well as quote for works to be done as it showed a conflict of interest so he became an independent Inspection Report provider.

    Jeffrey’s diligence has led him to attain several other certifications for the company so that all  major aspects related to buying, selling or renovating a home or building required reports are professionally covered.

    Resi Inspect have over 35 year experience and will not compromise their high quality ethics & services standards to their clients.

    Resi Inspect also understand that some clients may not fully understand the reports so we provide an explanatory client explanation session free.  Some clients find it difficult to relate the outcomes of the reports  to their banks or solicitors so we can assist further if required.

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