Hello Fellow SS,
I'm a first home buyer. Would really like to get any word of advice on this.
I have put an offer for a house recently and it was accepted. The whole buying process has been a big learning curve for me.
The seller is from overseas and all communication is through his lawyer. Finance is approved and The pest inspection was just carried out yesterday. Contract goes unconditional this Friday.
When we did the pest/building inspection yesterday, the tenants have vacated and left the house in an appalling state. Dog faeces were all over the yard, the carpets were entrenched in dog odour. And there were evidence of rats and cockroaches habitat making themselves at home in the kitchen and bedroom! Yuck!
When we did the inspection 2 weeks ago, It is a far cry to what it is today. The house was still tenanted and though it wasn't in it's best presentation, there was no dog odour.
Base on the building inspection report, there were a few issues raised and their recommendations.:-
Retaining timber wall and post have spilt- have a few life years
no vents/ exhaust fan in both bathroom/toilet - add exhaust fans
Long Cracks on driveway and garage floor,- monitor
Side Water pipes cracked- replace pipe
Height of indoor steps don't meet BCA standard,( either install place railing or redo the steps)
Carpets and blinds have been chewed by dogs- Replace carpet or change to wooden flooring.
The structure is sound with No active termites. Normal Wear and tear of a 6 year old split level house.
My lawyer asked me how much do I want to reduce for the necessary repair. As the seller advertised for $349k, i told my lawyer I will be happy to settle at the original price ( $10k less to what I offer)
My questions are
1) Should I be communicating with the real estate agent on the negotiation or leave it to our lawyers to do the job? What exactly is the right etiquette with agents when negotiating before it becomes unconditional?
2) From the works required, is my discount price to much? I did not make any inquiries to how much it would cost for the major repair/work, so it's a wild guess.
3) Settlement date on 29 Nov. Can I request to have early entry to move in earlier by 2 weeks? We are currently renting on a periodic lease. Our Landlord intend to increase their rent from 15 Nov.
It's all very exciting but nerve wrecking purchasing our first home! Especially, since I have notice house sales are picking up and I am keen to get in earlier than later.
Look forward to hearing from any advise would be much appreciated.
Thanks in advance! Regards CG
I'm a first home buyer. Would really like to get any word of advice on this.
I have put an offer for a house recently and it was accepted. The whole buying process has been a big learning curve for me.
The seller is from overseas and all communication is through his lawyer. Finance is approved and The pest inspection was just carried out yesterday. Contract goes unconditional this Friday.
When we did the pest/building inspection yesterday, the tenants have vacated and left the house in an appalling state. Dog faeces were all over the yard, the carpets were entrenched in dog odour. And there were evidence of rats and cockroaches habitat making themselves at home in the kitchen and bedroom! Yuck!
When we did the inspection 2 weeks ago, It is a far cry to what it is today. The house was still tenanted and though it wasn't in it's best presentation, there was no dog odour.
Base on the building inspection report, there were a few issues raised and their recommendations.:-
Retaining timber wall and post have spilt- have a few life years
no vents/ exhaust fan in both bathroom/toilet - add exhaust fans
Long Cracks on driveway and garage floor,- monitor
Side Water pipes cracked- replace pipe
Height of indoor steps don't meet BCA standard,( either install place railing or redo the steps)
Carpets and blinds have been chewed by dogs- Replace carpet or change to wooden flooring.
The structure is sound with No active termites. Normal Wear and tear of a 6 year old split level house.
My lawyer asked me how much do I want to reduce for the necessary repair. As the seller advertised for $349k, i told my lawyer I will be happy to settle at the original price ( $10k less to what I offer)
My questions are
1) Should I be communicating with the real estate agent on the negotiation or leave it to our lawyers to do the job? What exactly is the right etiquette with agents when negotiating before it becomes unconditional?
2) From the works required, is my discount price to much? I did not make any inquiries to how much it would cost for the major repair/work, so it's a wild guess.
3) Settlement date on 29 Nov. Can I request to have early entry to move in earlier by 2 weeks? We are currently renting on a periodic lease. Our Landlord intend to increase their rent from 15 Nov.
It's all very exciting but nerve wrecking purchasing our first home! Especially, since I have notice house sales are picking up and I am keen to get in earlier than later.
Look forward to hearing from any advise would be much appreciated.
Thanks in advance! Regards CG