Hi folks,
I'm looking at purchasing a PPOR. I'm wondering whether to pay for a building inspection before making an offer or to make an offer subject to building inspection. The way I see it:
Building Inspection Before Offer:
Pros:
* Can adjust offer price accordingly
Cons:
* May be wasted if they're not interested in the offer price
* Can take longer and vendor might sell in the meanwhile
Offer subject to building inspection:
Pros:
* Save on cost of inspection if the vendor rejects the offer
* Can get the offer in quickly and hopefully get acceptance before other buyers
Cons:
* Inspection might raise enough issues such that I find I've offered too much
Would appreciate any advice!
Thanks,
PD
I'm looking at purchasing a PPOR. I'm wondering whether to pay for a building inspection before making an offer or to make an offer subject to building inspection. The way I see it:
Building Inspection Before Offer:
Pros:
* Can adjust offer price accordingly
Cons:
* May be wasted if they're not interested in the offer price
* Can take longer and vendor might sell in the meanwhile
Offer subject to building inspection:
Pros:
* Save on cost of inspection if the vendor rejects the offer
* Can get the offer in quickly and hopefully get acceptance before other buyers
Cons:
* Inspection might raise enough issues such that I find I've offered too much
Would appreciate any advice!
Thanks,
PD