I have placed an offer on a property last week subject to pest, building and finance and the offer was accepted.
Pest is good and finance is ready to go at the price accepted.
I met with the builder today and the report is not the best. I knew the property had the usual wear and tear. paint, carpet, cupboards etc...and I was happy to accept that as i feel i got it at a good price.
The report has structual damage, due to water running under the property the ground has collapsed in parts and needs underpinning in one area and drainage to be installed under the house.
The roof tiles are leaking and the gyprock on the ceiling is stained.
The rear stairs and retaining walls need demolishing and rebuilding.
this is what the builder has told me and he will email me the full report tonight.
I am booked in to sign contracts with my conveyancer tomorrow afternoon.
What is my next step?? do i go to the conveyancer?? or do i go to the real estate first to re negotiate??
If i am successful in a renegotiation and i borrow more money to fix these problems is the interest on the borrowed money tax deductible???
thanks
Pest is good and finance is ready to go at the price accepted.
I met with the builder today and the report is not the best. I knew the property had the usual wear and tear. paint, carpet, cupboards etc...and I was happy to accept that as i feel i got it at a good price.
The report has structual damage, due to water running under the property the ground has collapsed in parts and needs underpinning in one area and drainage to be installed under the house.
The roof tiles are leaking and the gyprock on the ceiling is stained.
The rear stairs and retaining walls need demolishing and rebuilding.
this is what the builder has told me and he will email me the full report tonight.
I am booked in to sign contracts with my conveyancer tomorrow afternoon.
What is my next step?? do i go to the conveyancer?? or do i go to the real estate first to re negotiate??
If i am successful in a renegotiation and i borrow more money to fix these problems is the interest on the borrowed money tax deductible???
thanks