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Can you remember what is there?

Posted by Joanne Anderson on 10 May 2014

You've found the house you like, you've had an inspection and seen some things you like, some you don't, and made the exciting decision that you are going to buy.  The process then starts in a flurry: offers and acceptance, talking to your banker / broker, contacting us to start the conveyancing process, thinking about moving arrangements, what you'll do when you move in etc.  

By the time inspections are done, your finance is arranged and you are ready to sign the Contract, can you remember what fixtures and fittings there are, and more importantly, are they in working order??  

The Contract provides that the property will be in the same state at settlement time as it was at exchange.  So if a fixture isn't working when you first viewed the property and you don't seek agreement for it to be repaired before settlement, the vendor has no obligation to fix that issue.  

Just before you are ready to exchange and lock yourself into the purchase, contact the agent to have another look through & remember what you are buying.  Test everything you can & let us know if there are any repairs that need to be made so you can avoid any moving day dissapointment, and raise the request before the Contract becomes binding.

Author: Joanne Anderson
Tags: Tips

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