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A building & Pest inspection found a major defect ... what now?
If you followed the contract and use a registered builder then you likely have the opportunity to end the contract or re-negotiate the contract price or conditions. The theory being you bought the house at the specific price not realising there was a major issue, such as a leaking bathroom, rotting stumps with out of level floors, or a major structural beam damaged or maybe serious termite damage or even live termites. If you were unlucky enough to use someone who wasn't regi
Timothy Freshney
Jun 101 min read
Is the real estate agent on my side?
As with all situations this depends on the real estate agent you are dealing with. You should remember that real estate agents are working for the seller and as much as they generally want the best outcome for all parties involved their job is to sell each property for the best possible price in the shortest period of time. The vast majority of real estate agents I have met are great people working in a challenging environment. An environment where they are generally workin
Timothy Freshney
Jun 101 min read
What is title insurance? Is it worth it?
Your conveyancer may suggest taking out a “title insurance policy”. This type of insurance covers you for certain instances that affect your right to occupy and use the land. Although there are likely to be exclusions these types of policies generally include: - identity theft and fraud - incorrect calculation of land tax and council rates - boundary alignment and structures encroaching on your land - planning and zoning omissions - illegal building works Typically these poli
Timothy Freshney
Jun 101 min read
What is a 137b Report?
When a vendor sells a house they have to get a conveyancer to create a section 32, as part of this process the vendor will be asked if they have undertaken any building works in the last 7 years. If they have, they will be asked to complete an owner builder report, this is called a 137b report because it is taken from section 137b of the Building Act. An owner builder report must be undertaken by one of only 3 people (1) A registered architect (2) Building Surveyor/Inspector
Timothy Freshney
Jun 101 min read
Dont assume you are speaking to a registered builder
The person you speak to about your building and pest inspection should be a registered domestic builder with a registration starting with DBU or CDBU, meaning domestic builder unlimited, the C starts for Company and denotes the person trades under a company name. In Victoria there are no requirements for anyone providing this service to have any qualifications, experience or registrations. Those who tell you they are registered are doing so because there are so many out there
Timothy Freshney
Jun 102 min read
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