Hi everyone,
I can see that there is another building a pest inspection results thread on here, but I didn't want to hijack that posters question when it wasn't fully resolved. So for those who don't mind another one, I'd love your advice! I'm going to be as detailed as possible to give you a full picture, so I hope you come along for the ride
Here is the lowdown:
I've extracted the areas of concern from the report and separated them into 'little problems that i don't think require attention prior to settlement' and 'big problems that do require attention'. I'm just waiting on the inspector to get back to me so that I can get an idea on the cost of rectifying the big issues, and then offering the vendor the option to either rectify the issues prior to settlement, or reduce my offer by that amount so that I can rectify the issues prior to settlement.
So what I'm asking of you, oh wise Somersoftians, is whether I've separated the lists properly (i.e. are there things I should be more worried about/things that I shouldn't worry as much about) and how should I word the email to the agent (and therefore to the vendor)?
Acceptable level of damage, considering age of property, no attention required prior to settlement:
Areas of concern that require attention prior to settlement:
Please help!
I can see that there is another building a pest inspection results thread on here, but I didn't want to hijack that posters question when it wasn't fully resolved. So for those who don't mind another one, I'd love your advice! I'm going to be as detailed as possible to give you a full picture, so I hope you come along for the ride
Here is the lowdown:
- Property originally listed at $179,000, residex values it at $174,000
- Price reduced to $159,000 when I came across it
- I put an offer in for $145,000 subject to the following conditions:
- Settlement Period - 30 day settlement
- Deposit and Payment- a deposit of $1000 3 days from contract date (both parties signing) with no extra deposit, balance paid on settlement date
- Finance - subject to finance 21 days from acceptance of this offer (Contract date, both parties signing)
- Inspections - subject to the Buyer being satisfied with the state of the property following receipt of a property building and pest inspection report. (All expenses for the property inspection report are to be paid for by the Buyer. Satisfaction in relation to the state of the property following receipt of the property inspection report is determined in the discretion of the Buyer and the Buyer’s satisfaction shall only be evidenced by the Buyer providing to the Seller, or the Seller’s agent, a letter of satisfaction with 10 business days of acceptance of the Contract. If no letter is provided to the Seller or the Seller’s agent within 10 business days of acceptance, then this offer will come to an end without the necessity for either party to give notice to that effect. The deposit and all other monies (if any) paid pursuant to the Contract shall be refunded to the Buyer. The Seller agrees to provide reasonable access to the property to the Buyer/or the Buyer’s representatives for the purpose of the inspection)
- Conditions accepted, went back and forth with vendor and came to $152,500 that we were both happy with
I've extracted the areas of concern from the report and separated them into 'little problems that i don't think require attention prior to settlement' and 'big problems that do require attention'. I'm just waiting on the inspector to get back to me so that I can get an idea on the cost of rectifying the big issues, and then offering the vendor the option to either rectify the issues prior to settlement, or reduce my offer by that amount so that I can rectify the issues prior to settlement.
So what I'm asking of you, oh wise Somersoftians, is whether I've separated the lists properly (i.e. are there things I should be more worried about/things that I shouldn't worry as much about) and how should I word the email to the agent (and therefore to the vendor)?
Acceptable level of damage, considering age of property, no attention required prior to settlement:
- General Cracking to the driveway
- General Cracking to the paths
- General Damage evident to garage - maintenance required
- Denting to fences evident
- Cracking to wall lining in all rooms
- Laundry door is binding and requires adjustment
- Striker plate to the door jamb is missing in bathroom and requires replacement
- Damage to vinyl flooring in bathroom
- Bedroom 1 door is binding and requires adjustment
- Gutters require cleaning
- Gutters and downpipes need to be checked for watertightness
- Weather damage to the fascia and barges due to exposure
- Timber decay to the bottom plate in the shed wall
Areas of concern that require attention prior to settlement:
- Some external cladding needs replacing due to weather damage and timber decay
- Weather damage to timber windows
- Kitchen bench requires sealing
- Termite damage evident to skirting boards behind the kitchen entrance door
- Roof sarking is torn and sagging in various areas
- Roof sheeting and flashings require fixing down to some areas
- The bearers (floor framing timbers) around wet areas have evidence of termite damage and timber decay and require replacement
- Visible evidence of subterranean termite workings and damage to skirting boards to the rear room
- Degree of risk of a subterranean termite infestation to the overall property is considered high
Please help!