Vendor Reports Benefit Both Parties

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Vendor Reports Benefit Both Parties

If you are thinking of buying a property, you already know that it’s a good idea to arrange a pre-purchase building and pest inspection, so you can make an informed decision before you make an offer or bid at auction.

As a seller, a pre-sale vendor inspection can be a valuable tool in making your property more attractive and attracting the best possible price, while preventing any obstacles which may hold up a sale.

A vendor report is comprehensive building and pest inspection organised by the party selling the property. The report is made available as part of the documentation to real estate agents or prospective buyers throughout the marketing campaign.

A vendor inspection can highlight any significant issues that may be a roadblock between you and an interested buyer.

As a potential buyer for the property,  having access to this report can put your mind at ease about the condition of the property and help you make an educated decision before you make an offer.

Advantages for the Buyer

  • Transparency around any faults in the property, allowing you to make an informed decision before making a binding offer or bidding at auction
  • Savings in time and money as you don’t have to arrange your own pre-purchase inspection.

Advantages for the Vendor (Seller)

  • Potential buyers can act quickly if they are genuinely interested
  • No hold-ups in the sale process while the buyer arranges a pre-purchase inspection
  • A report may highlight an issue you as the vendor can rectify, making your home more attractive to potential buyers and possibly resulting in a better offer

What Does a Vendor Inspection Cover?

A comprehensive inspection will cover around 250 items – this includes structural elements as well as the general condition of the property.

The following areas are essential and should be covered in a vendor or pre-sale report:

Vendor Reports Benefit Both Parties - Vendor Reports Benefit Both Parties

Make sure the company you engage uses inspectors who are experienced, qualified and fully insured.

The Home Inspection Hub can conduct a full range of residential building inspections. If you are a property buyer, we can assist you with a pre-purchase house inspection, or a comprehensive building and pest inspection.

If you are building a new home, call us to book in a new home construction inspection, or before your build commences, a contract review.

We also recommend a maintenance inspection after the completion of your new build. If you have built or bought an investment property, we can also assist with a tax depreciation schedule.

If you are selling your property, you may need an owner builder defect inspection, conducted by one of our qualified inspectors, to provide you with the necessary report for your Section 32 documentation.

If you find yourself in dispute with your builder, we can assist, with VCAT reports and expert witness services.

Call us on 1300 071 283 or email and ask us for a free quote or sample report today.