Ok, so here's the deal. Interested in a free-standing property which is about 50 years old. It seems crazy not to get a building and pest inspection done BUT I'm struggling to justify spending the $600 or so when we have very little assurance we'll actually be the successful bidders.
I have done the following to help myself thus far:
1) Asked the agent about offers prior to auction - no go
2) Asked if any other purchasers had done inspections and if so what the results were -waiting to hear.
3) Asked outright if any defects/infestations are known - waiting for reply. I don't think in Victoria there's an obligation to disclose, unlike the proposed new laws in Tassie.
4) Sought advice about terminating a contract following an auction (when we do the inspection) if defects are found. I'm pretty sure we'll be told it's not possible.
Any other ideas? I did think of bringing an inspector to the auction and if we win, have him do the inspection before we sign the dotted line!
I know some people will just say "spend the $600", but it's just too much money to me to waste when the property market is so unpredictable and we're likely to be outbid on the day.
Thanks so much for any advice.
I have done the following to help myself thus far:
1) Asked the agent about offers prior to auction - no go
2) Asked if any other purchasers had done inspections and if so what the results were -waiting to hear.
3) Asked outright if any defects/infestations are known - waiting for reply. I don't think in Victoria there's an obligation to disclose, unlike the proposed new laws in Tassie.
4) Sought advice about terminating a contract following an auction (when we do the inspection) if defects are found. I'm pretty sure we'll be told it's not possible.
Any other ideas? I did think of bringing an inspector to the auction and if we win, have him do the inspection before we sign the dotted line!
I know some people will just say "spend the $600", but it's just too much money to me to waste when the property market is so unpredictable and we're likely to be outbid on the day.
Thanks so much for any advice.