It’s a minefield for anyone, new or experienced and in my 20 years in property, I’m still learning new things when it comes to buying, selling and all things real estate.
After all, legislation is constantly changing and the way we communicate and transact in the industry is forever moving in new directions.
So with that said, lets get back to what this Clause actually means.
Firstly, YES, you DO need to arrange a Building and Pest inspection whenever you’re buying property, EVEN if the property is brand new.
There are very rare occasions where I suggest this step is by-passed by a Buyer, but as a rule of thumb, you need to get one done and you need to understand how this Clause applies to you when you buy property.
Don’t let the selling agent convince you of otherwise, or shove an already prepared Building and Pest Report under your nose. You want an UNBIASED, UP TO DATE report from a professional, registered and reputable inspector, who will give you an accurate report of what is going on with that property.
I’ve seen an agent pass off a Building and Pest Report that was six (6) months old as gospel.