Locked up termites and roofs in danger of collapse – these are some of the things being omitted from vendor-commissioned Pest and Building reports.
While getting a Pest and Building report has long been considered a crucial step in purchasing a property, buyers agents are warning not all reports can be trusted.
Opting for a vendor-commissioned report could cost far more than you bargained for.
About 50 per cent of the time, the vendor-commissioned report doesn’t provide as much detail in its description as the report commissioned by the buyer, with the most common difference being that important areas like the subfloor and roof space haven’t been inspected.
Buyers should always commission their own report, because if there is an error in the report, and it was commissioned by the vendor, the buyer doesn’t have the ability to pursue the inspector.
Read the full article on Realestate.com.au