this post was submitted on 11 Jul 2023
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When Erika offered $700k for a home, she didn't know it was 'better suited to demolition' (www.abc.net.au)
submitted 1 year ago by TassieTosser@aussie.zone to c/australia@aussie.zone
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Privatised building inspections are a fucking disgrace. I didn't even realise there were no licencing requirements. I thought they had to be engineers at the very least.

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[–] Thagthebarbarian@lemmy.world 4 points 1 year ago (2 children)

Not only that but the inspection report on a house is a bargaining tool

My 700 dollar report lead to 10,000 in savings at closing on my house... Worth every penny

[–] iNeedScissors67@kbin.social 2 points 1 year ago

Same deal for me, I spent about 550 on an inspection and that let to me being credited 8,500 bucks at closing.

[–] awsamation@kbin.social 2 points 1 year ago

Exactly. You're unlikely to spend a significant percentage of the total cost on your third party inspection. But that third party inspection will give you information worth way more than they cost. Either the peace of mind that you're paying a fair price (and doing so fully aware of the issues that you may need to resolve), or encouraging you to negotiate lower/walk away. In all 3 situations you end up leaving the deal more confident that you made the best choice, and usually the inspector earns that money.